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Bank of Canton’s board of directors approve the promotions of Lake, Lindberg and Curry
May 9, 2025
Canton, MA Bank of Canton’s board of directors has unanimously approved the promotions of three executive officers: Michael Lindberg to president- and chief executive officer-elect; Christopher Lake to executive vice president/chief financial officer/chief operating officer
Completion guarantees in construction development loans: Are they enforceable? - by Gary Markoff, Ey...
May 9, 2025
Yes, but not the way you may think. Lenders who provide mortgage financing want assurances that their financed projects will be completed in accordance with the approved plans and specifications. The last thing lenders want is to be left with an unfinished project which fails to produce cash flow, especially if repayment of the financing is contingent upon completion of the project.
Rockland Trust provides financing to 150 Draper LLC for 40-unit multifamily housing complex
May 9, 2025
North Attleboro, MA Rockland Trust has provided financing to 150 Draper LLC for the construction of a new 40-unit mixed-income multifamily housing complex at 150 Draper Ave. The newly formed 150 Draper LLC is managed and co-owned by Kevin Lobisser of the Lobisser Companies.
MPZ Development and Capstone secure
financing for Baldwinville School Apartments
May 9, 2025
Templeton, MA MPZ Development LLC (MPZ) and Capstone Communities LLC (Capstone) have closed on the financing of the Baldwinville School Apartments redevelopment project (project). With funding secured, Capstone and MPZ will begin the development process for the town’s first multifamily housing project
Union Savings Bank selects six new corporators
May 9, 2025
Danbury, CT According to Union Savings Bank (USB) president and CEO Chelen Reyes and chair of the board Lucie Voves, six new corporators have been elected at the bank’s annual meeting.
JLL arranges $41.5m construction
financing for READCO from Liberty Bank
May 9, 2025
Stonington, CT JLL Capital Markets has arranged $41.5 million construction financing for Stonington Village, a 160-unit mixed-use multifamily and retail development project. JLL worked on behalf of the borrower, READCO, in arranging the five-year,
Colliers arranges $34.3m refinancing on
behalf of Capital Properties for Long Wharf Boston
May 9, 2025
Boston, MA Colliers has arranged the $34.3 million refinancing of the Custom House Block and Gardiner Building at Long Wharf, a mixed-use office and retail asset located at 66 Long Wharf.
True Storage to open new CubeSmart-managed self-storage facility in Dracut, Mass.
May 9, 2025
Dracut, MA True Storage will be opening of a newly constructed, self-storage facility located at 55 Loon Hill Rd. The all-new class A facility will open its doors in May 2025, offering 70,425 rentable s/f of premium storage space and 807 climate-controlled units.
Low of L&P Commercial earns
2025 Office Lease of the Year award
May 9, 2025
Springfield, MA William Low, president of L&P Commercial, was named the 2025 Office Lease of the Year CoStar Impact Award winner in the Hartford market. Winners – chosen for their growth, diversification, and ability to overcome unique challenges in their markets
Angel Commercial arranges 6,402 s/f lease of distribution/warehouse space at 260 Hathaway Dr.
May 9, 2025
Stratford, CT Angel Commercial LLC has arranged a lease of 6,402 s/f of distribution/warehouse space at 260 Hathaway Dr. The landlord, 260 Hathaway Drive, LLC, was represented by Eva Kornreich, vice president of Angel Commercial LLC,
Keogh and Brissette of
NAI Glickman Kovago handle $6m sale
May 9, 2025
Shrewsbury, MA NAI Glickman Kovago & Jacobs has been part of the transaction at 223 Hartford Tpke. on Rte. 20. James Keogh and Alexis Brissette of NAI Glickman Kovago & Jacobs brokered the sale of an Industrial Outdoor Storage (IOS) property,
Ciluzzi of Premier Commercial sells 88 acres to the town of Sandwich for $3.3 million
May 9, 2025
Sandwich, MA John Ciluzzi, president of Premier Commercial, orchestrated the $3.3 million sale of vacant land to the town of Sandwich. This transaction, finalized on April 22, 2025, at the Barnstable Registry of Deeds, marks a pivotal moment for the community.
Bowdoin promotes and hires project managers
May 9, 2025
Needham, MA Mike Kelly has been promoted to the role of project manager at Bowdoin Construction. In addition, Sinead Kelly has joined the firm as an assistant project manager.
The Stubblebine Company facilitates $31.5 million sale to Seabrook Real Estate Partners
May 9, 2025
Hampton, NH The Stubblebine Company/CORFAC International brokered the sale of Appleton Oaks, a 113-unit apartment complex located at 241 Drakeside Rd., for $31.5 million. David Berman, James Stubblebine, David Stubblebine and Zack Hardy of The Stubblebine Company
CM&B promotes Tassinari to executive vice president and chief operating officer
May 9, 2025
Boston, MA CM&B has promoted Tom Tassinari to executive vice president and chief operating officer (COO). In this role, Tassinari will oversee the internal operations of the Boston and New York offices, managing critical departments. His promotion
Feinmann, Inc. hires Reepmeyer as president
May 9, 2025
Lexington, MA Feinmann, Inc., an award-winning design-build firm, has hired Maren Reepmeyer, AIA LEED AP, as the company’s new president. This leadership position aligns with the company’s Employee Stock Ownership Plan (ESOP) and vision for the future. Peter Feinmann,
DeWolfe and Gatti of Greater Boston Commercial
Properties, Inc. sell office building for $2.45 m...
May 9, 2025
Chelmsford, MA Greater Boston Commercial Properties, Inc., has completed the sale of a 14,800 s/f office property located at 229 Billerica Rd. Tyler DeWolfe and Ben Gatti of Greater Boston Commercial Properties, Inc. represented the seller in the transaction.
Prolman Realty Inc. and Binswanger complete
$6.8 million sale to W.H. Bagshaw Co., Inc.
May 9, 2025
Hudson, NH Prolman Realty, Inc. has completed the sale of 11 Executive Dr. to W.H. Bagshaw Co., Inc. Mark Prolman represented the buyer and Nick Biedron and John Harris of Binswanger represented the seller, Semikron Danfoss, Inc.
Rhode Island Ready is preparing state for new industrial development - by Steven J. King
May 9, 2025
For nearly 20 years, Quonset Business Park has been growing, bringing new jobs to Rhode Island and expanding the state’s tax base. Today, we are home to more than 250 companies and well over 14,000 jobs. While there is still space available for small and growing businesses in our Gateway
Foncellino Team of Coldwell Banker leases 2,500 s/f warehouse/office building
May 9, 2025
Warwick, RI Foncellino Team of Coldwell Banker commercial division listed and leased a 2,500 s/f industrial building located at 100 Central St. The warehouse/office space, on a .19 acre lot, includes an overhead door with nine ft. ceilings and ten parking spaces