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The interest rate see-saw: When we thought loans would be cheaper…- by Daniel Calano
November 8, 2024
Back in August, it seemed like the whole real estate industry was waiting /hoping that the Fed would lower the short-term borrowing rate. Daily financial news kept us on edge. What would the Fed do? When would it do it? Would it be too little, too late, and maybe create a recession? Whew!!
The Appraisal Institute chapters are here, like always, dependable, working on what will benefit mem...
November 8, 2024
The Appraisal Institute Chapters are here, like always. Dependable, working on what will benefit our members. Connecticut is here to provide education and support to residential and commercial appraisers. Supporting National AI and moving the Institute and Chapters forward.
Data, judgment and analysis - by William Pastuszek
November 8, 2024
The following falls into the category of Broadly Generalizing, but the issues need to be discussed. This isn’t the first time the subject has been discussed in this column and it’s probably far to say that the writer believe that it can’t be discussed enough.
Greystone provides $13 million in HUD-insured financing for affordable housing property in Hartford,...
November 15, 2024
Hartford, CT Greystone, a leading national commercial real estate finance company, has provided a $12,985,600 HUD-insured 207/223(f) loan to refinance an affordable housing property. The financing was originated by Eric Rosenstock, Jesse Yodice, and Daniel Daskal of Greystone.
Ranieri of Northmarq arranges $16.9 million refinancing for two multifamily properties
November 8, 2024
Milford, CT Northmarq’s senior vice president Robert Ranieri, managing director of Northmarq’s Greater White Plains regional office, arranged financing for two multifamily properties. The two properties, Milford Beach Apartments and Newport Apartments,
Walker & Dunlop, Inc. finances $137.288 million for LUKA on the Common - a 398-unit, 30-story proper...
November 8, 2024
Boston, MA Walker & Dunlop, Inc. has financed $137.288 million for LUKA on the Common, a 398-unit, 30-story trophy asset located in downtown. The Walker & Dunlop Boston investment sales team, under the leadership of managing directors Travis D’Amato and Michael Coyne, facilitated the sale
Boston Financial closes $170 million multi-investor LIHTC fund
November 8, 2024
Boston, MA Boston Financial, reportedly the largest syndicator of U.S. Low-Income Housing Tax Credits, has closed Boston Financial Institutional Tax Credits 60 Limited Partnership, a $170 million multi-investor LIHTC fund.
MassDevelopment issues $105.82 million tax-exempt bond on behalf of Williams College
November 8, 2024
Williamstown, MA MassDevelopment has issued a $105.82 million tax-exempt bond on behalf of the president and trustees of Williams College. The organization will use bond proceeds to finance several projects on the college’s campus, including (1) building and equipping a new art museum and multipurpose recreation center,
IPA Capital Markets secures $110 million in
joint venture equity and agency financing
November 8, 2024
Bridgeport, CT IPA Capital Markets, a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro,
Atlantic Property Management moves into Connecticut with 172,000 s/f assignment
November 1, 2024
Groton, CT According to Atlantic Property Management, The Sigmund Companies has selected the company to manage a premier 172,000 s/f retail property. Known for its expertise in commercial property management across
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
November 8, 2024
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building
NEREJ presents the First Annual Project of the Year Award! Vote today!
November 15, 2024
The New England Real Estate Journal proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
The fall season marks the return of IFMA Boston events
November 1, 2024
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
Navigating the insurance crisis: Challenges and solutions for community associations - by Dawn Bauma...
November 1, 2024
The growing insurance crisis continues to put pressure on community associations, particularly condominiums and housing cooperatives. Across the nation, community associations are facing the real challenges of rising insurance premiums, policy cancellations, increasing deductibles, and diminishing coverage options.
IREM President’s Message: Fostering community connections during the holiday season
November 1, 2024
The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
BOMA Boston Update – BOMA Networking, education classes and the TOBY & Industry Awards
November 1, 2024
Boston, MA On October 10th, 2024, 300 BOMA industry and affiliate companies attended the 2024 BOMA Fallfest at the Exchange at 100 Federal St. Thank you to our Affiliate Members for sponsoring. It was a fantastic night for members and their guests. Thank you BXP for hosting!
Gateway Fiber’s 100% fiber internet service coming to Pittsfield, MA
November 1, 2024
Pittsfield, MA Ultra-high-speed fiber internet provider Gateway Fiber is bringing a new internet service to residents and businesses in town. The new 100% fiber-optic network will be faster and more reliable than traditional cable and telephone-based internet, representing the company’s continuing commitment to bringing better connectivity to the area
Selecting the right façade installation firm - by Steven Powell
November 1, 2024
As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
MassDevelopment issues $45 million tax-exempt bond to help Beacon Communities redevelop Leefort Terr...
November 1, 2024
Salem, MA MassDevelopment has issued $45 million in tax-exempt bonds on behalf of BC Leefort Terrace LLC, an affiliate of Beacon Communities, which is using proceeds to redevelop the outdated Leefort Terrace housing development built in 1958 containing 50 garden-style one-bedroom units across eight buildings.
JHM Group and The Richman Group begin Wall Street Place redevelopment project
November 1, 2024
Norwalk, CT Celebrating what is a significant step in the revival of downtown, elected officials joined project leaders and the Norwalk community for the groundbreaking on the Wall Street Place redevelopment project. The event, which was hosted by project developers, the JHM Group