Hegenbart of NorthMarq Capital arranges $2 million mortgage financing for EB Realty
Joseph Hegenbart, managing director of NorthMarq Capital, Inc's Boston regional office, arranged mortgage financing of $2 million for 33 Union Ave.
The loan was arranged for the borrower, EB Realty, LLC, by NorthMarq through its relationship with Digital Federal Credit Union.
An industrial building containing 117,000 s/f, 33 Union Ave. is leased to Staples Contract and Commercial Inc. The building has 87,000 s/f of distribution and 30,000 s/f of office space.
The property is located in Chiswick Park, which is situated on Route 20, 6 miles west of Interstate 95/128 and 7 miles east of I-495.
East Providence, RI Lee & Associates NYC’s Capital Advisory Group has arranged two commercial real estate financing transactions totaling $10.5 million, highlighting the team’s ability to
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property