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URI and Gilbane partnership to build additional student housing
December 13, 2024
Kingston, RI The University of Rhode Island is moving forward with a plan to construct additional housing on the Kingston Campus that will provide more than 1,100 additional beds for undergraduate and graduate students at the state’s flagship research university
Hobbs Brook Real Estate signs 125,500 s/f
of new leases/renewals at 1301 Atwood Ave.
December 13, 2024
Johnston, RI Hobbs Brook Real Estate (HBRE) has executed 125,500 s/f of new leases and extensions at Northwoods, a three-story, 315,710 s/f, class A, LEED Gold-certified office building located at 1301 Atwood Ave. The tenants include: • Dimeo Construction Company signed a 28,000 s/f lease. The firm served
Werfen celebrates opening of 169,500 s/f R&D facility with ribbon cutting
December 6, 2024
Bedford, MA A ribbon cutting was held to celebrate the grand opening of Werfen’s new 169,500 s/f advanced research and development facility. The two-story building, which features 27,500 s/f of laboratory space and 91,000 s/f of office space on each level
Atlantic Property Management continues
its growth into Nashua, NH
January 10, 2025
Nashua, NH Atlantic Property Management is proud to announce its latest assignment: a 133,000 s/f, grocer-anchored retail center. Known for delivering tailored management solutions to commercial assets across New England and the East Coast, Atlantic Property Management will
Real Estate Finance Association hosts Year-End Celebration and Holiday Party
December 13, 2024
Boston, MA The Real Estate Finance Association (REFA) hosted its Annual Year-End Celebration and Holiday Party on Monday, November 25th at Central Wharf Co. Members had the chance to network with colleagues and friends and reflect on another successful year. REFA members and mentees also gathered
The Trump regime: Pledges, promises and real estate impacts
December 13, 2024
Now that the election has settled, and President Elect Trump is setting up cabinet, departments, congressional favorites and so on, at a rip-roaring pace, we need to be aware and understand impacts to our industry. First, consider his pledges, which he has been fulfilling well before he is inaugurated.
Campanelli of Needham Bank leads panel on Italian Excellence in Business at the Festival of Italian ...
December 13, 2024
Needham, MA Joseph Campanelli, chairman, president, and CEO of Needham Bank, hosted a panel discussion as part of the Festival of Italian Creativity. The panel, The Italian Influence on Successful Businesses, was scheduled for Thursday, November 21st, at 10:15 a.m. at the Consulate General of Italy in Boston in the Federal Reserve Building
Property rights and short-term rentals – impact on value - by Marc Nadeau
December 13, 2024
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights.” The Bundle of Rights is in effect the exclusive right, use and disposition of the property that belong to the property owner. Inherent within the Bundle of Rights can be the right to sell, the right to mortgage, the right to occupy,
Newmark arranges sale and financing of 2 Executive Dr. for Rhino Capital
December 13, 2024
Chelmsford, MA Newmark has secured the $14.5 million sale of 2 Executive Dr., an R&D/office/lab building. Newmark co-head of U.S. capital markets Robert Griffin and Newmark’s Boston Capital Markets group executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Worth Avenue Capital, LLC arranges $1 million real estate development loan
December 13, 2024
Montville, CT Worth Avenue Capital, LLC (WAC) has closed a $1 million real estate development loan towards the construction of a new 22-unit condominium complex. This loan was funded as a “follow on” construction line of credit after the initial $2.5 million construction loan
Greystone consults on $303 million Freddie Mac Q-Series securitization for Webster Bank
December 13, 2024
Boston, MA Greystone, a leading national commercial real estate finance company, has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was collateralized by 19 loans, secured by 31 properties with a total of 1,236 units, all located on the East Coast.
MassDevelopment and M&T Bank deliver
$16.5 million bond to Brimmer and May School
December 13, 2024
Chestnut Hill, MA MassDevelopment has issued a $16.5 million tax-exempt bond on behalf of the Brimmer and May School (Brimmer), an independent day school serving students in pre-kindergarten through grade 12. Brimmer will use proceeds to demolish
Guilford Savings Bank and Eastern Connecticut Savings Bank plan to merge
December 13, 2024
Norwich, CT Guilford Savings Bank (GSB) and Eastern Connecticut Savings Bank intend to merge, combining two organizations with deep roots in the Connecticut communities they serve. This partnership, approved unanimously by both boards, will create a bank with $1.4 billion in combined assets and 25,000 clients.
525 LINC secures $58 million refinance
loan - funded by Aareal Bank
December 13, 2024
Allston, MA FAM Asset Management, Arx Urban, and Boylston Properties, closed on a $58 million loan from Aareal Bank to refinance 525 LINC, a coliving development that opened its doors in January 2024. 525 LINC includes 80 coliving suites and studios, equaling 279 rentable bedrooms, in a mix of studios, 3- and 4-bedroom suites.
Brady Capital Advisors, LLC arranges $29.1 million acquisition and renovation financing for Shawomet...
December 13, 2024
Somerset, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $29.1 million in acquisition and renovation financing for Shawomet Gardens, a 240-unit residential portfolio located on 12.46 acres at 102 Shawomet Ave.
WinnCompanies and Westmass deliver 95 mixed-income
units at The Residences at Mill 8 in Ludlow
January 31, 2025
Ludlow, MA WinnCompanies and Westmass Area Development Corp. (Westmass) celebrated the opening of The Residences at Mill 8, a mixed-income community, featuring 95 apartments for adults 55 and older. State and local leaders gathered in the western Massachusetts community
Affordable Housing and Services Collaborative, Inc. nears completion of Prospect Estates
December 13, 2024
Webster, MA Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, is near completion of Prospect Estates, a 25-unit affordable housing community
Goldberg of Spire Investments purchases
three property portfolio for $5.35 million
December 13, 2024
Beverly, MA Jay Goldberg, president and owner of Spire Investments, has completed the purchase of a three-building portfolio. The properties consist of a total of 21 units, mostly residential with a couple mixed-use commercial tenants.
Opening doors to inclusivity: Automatic doors align with the mission of International Persons with D...
December 13, 2024
Boston, MA International Persons with Disabilities Day is observed each December 3rd, shining a light on the importance of removing physical barriers for the over one billion people worldwide living with disabilities. The American Association of Automatic Door Manufacturers (AAADM) works hard to amplify the message that these efforts benefit society as a whole.
Berkowitz, Morris and Massirio of O,R&L Commercial handle two deals
December 13, 2024
Bloomfield, CT O,R&L Commercial, LLC has completed deals including the following: Mark Berkowitz of O,R&L Commercial brokered the lease of 4,582 s/f of industrial space at 6A Northwood Dr. 6A Northwood is a 13,981 s/f industrial building situated on 1.07 acres in the I-2 zone.