 (1).gif)
News:
Finance
Posted: December 12, 2025
Houlihan and Coleman of Houlihan-Parnes Properties place $1.755m loan for refinancing
Cheshire, CT Jeremiah Houlihan and James Coleman of Houlihan-Parnes Properties have arranged the refinancing of a two-story elevatored 26,000 s/f neighborhood retail center on 1111 South Main St. The building was built in 1985 and contains eight retail suites on the ground floor and eight offices on the second level. There is also parking on-site.
Houlihan-Parnes Properties has arranged a $1.755 million first mortgage loan with current market interest rate and repayment schedule for a 10-year term.
The financing was arranged in connection with the purchase of the property by an investment group based out of White Plains. The property will undergo upgrades and be repositioned to maximize the investment.
Houlihan-Parnes Properties is a full-service real estate company providing property/asset management, construction management, sales and mortgage brokerage, back-office operations, and real estate consulting. They specialize in the management of co-ops/ condos, residential, retail, and mixed-use properties. Their dedication to providing clients with top-level hands-on management has made them successful in building equity and wealth for their clients through the assets they manage.
MORE FROM Finance
MassDevelopment issues $9m in tax-exempt bonds to Harbor Health Services Inc.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
 (1).gif)
Quick Hits
Columns and Thought Leadership
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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
Are appraisers on the same page as the assessor? - by Richard Seman
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.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
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.
