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Rucker Investments expands to 15,000 s/f at 500 Cummings Center
September 13, 2024
Beverly, MA Rucker Investments has doubled its footprint after just one year at 500 Cummings Center. Following a large-scale custom build-out completed by Cummings’ in-house teams, the family-owned firm now occupies 15,000 s/f of custom office space.
Atwood joins Dunham Group as broker/sales agent
September 13, 2024
Portland, ME According to The Dunham Group, Joe Atwood has joined the firm as a broker/sales agent. As an entrepreneur and small-business owner, Atwood has experience in business planning and development and is a talented relationship builder. His skill set and expertise offers a valuable perspective to the firm and its clients.
Viking Construction presents the 2024 Viking Construction Education Award to Palma
September 13, 2024
Bridgeport, CT Ethan Palma of Monroe, Conn., has been awarded the 2024 Viking Construction Education Award. Palma, who plans to study Safety & Occupational Health-Construction Management at Keene State College in New Hampshire,
SMPS Boston names board
of directors for 2024 - 2025
September 13, 2024
Boston, MA SMPS Boston, a volunteer organization for marketing professionals in the architecture, engineering, and construction (A/E/C) industries, has named its new board of directors for the upcoming program year. The new board includes 12 members of SMPS Boston,
Carr Properties completes 21,910 s/f lease
renewal at 200 State St. to FTI Consulting
September 13, 2024
Boston, MA Carr Properties (Carr), a leading owner, operator, and developer of commercial office and residential properties, has completed FTI Consulting’s renewal of its lease at 200 State St. in the Financial District. The firm will continue to occupy 21,910 s/f on the 9th floor of the 16-story office building
Join the Real Estate Finance Association for an exciting fall
September 13, 2024
Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.
JLL handles $150m refinancing for Bedford Labs on behalf of AEW, Redgate, and Optimum A.M.
September 13, 2024
Bedford, MA JLL Capital Markets has arranged a $150 million refinancing for Bedford Labs, a 288,000 s/f, newly converted, class A life sciences facility. JLL worked on behalf of the borrower, a joint venture between AEW Capital Management, Redgate, and Optimum Asset Management
Brucker joins Union Savings Bank as a residential mortgage loan originator
September 13, 2024
Danbury, CT According to Union Savings Bank (USB) Elizabeth Brucker has joined the bank as a residential mortgage loan originator. In her new position, Brucker is responsible for originating residential mortgages, guiding first-time home buyers,
Essex Savings Bank promotes Jambard to vice president controller
September 13, 2024
Essex, CT Bryan Jambard, Jr., CPA has been promoted to vice president controller at Essex Savings Bank. Jambard is a Tolland resident and certified public accountant in Connecticut. He earned his BSBA in accounting from Bryant University and MBA from Quinnipiac University.
Nasser of Intercontinental Real Estate to receive REFA’s Swain Distinguished Service Award
September 13, 2024
Boston, MA According to The Real Estate Finance Association (REFA), Paul Nasser, president of Intercontinental Real Estate, has been selected to receive the Robert S. Swain, Jr. Distinguished Service Award at the 36th Annual REFA Gala to be held Thursday, October 17th, 2024 at the Omni Seaport.
Real estate: Times are a’changing - by Daniel Calano
September 13, 2024
In a former life, I was an urban planner in Los Angeles for a year or so. Planning, you say, Los Angeles? Really? Early on, I learned that planning and building in places like L.A. are ephemeral at best. In fact, I was told an L.A. building life span was about 25 years, after which it was demolished for a newer and better use.
Fall is a time for change - A good time to take a leap forward - by David Kirk
September 13, 2024
Fall is a time for change. The last summer romp and first frost, at least in the northeast. A good time to take a leap forward. Pardon the shorthand and flagrant redundancy, deliberated to reflect the rhythm that is apparent.
The rising tide of apartment tax assessments in Connecticut: A property owner’s perspective - by J...
September 13, 2024
Connecticut, often recognized for its picturesque landscapes, quaint towns, and proximity to major metropolitan areas, has been a desirable place for property owners, especially for those investing in apartment buildings. However, recent years have seen a significant rise in apartment tax assessments,
AI, appraisals and appraisers - by William Pastuszek
September 13, 2024
It’s not a generalization to say that appraisers and the appraisal profession are deliberative, and can be hesitant to change without proven reasons to do so. But change is here. Appraisers are now faced with evaluating AI technology and how the technology can-and-will-impact appraisal theory and practice. This technology has evolved in the past couple of years to have capabilities that appraisers can use to their advantage.
MassDevelopment provides $1.532 million to Boys & Girls Club of Chicopee for teen center
September 13, 2024
Chicopee, MA MassDevelopment has issued a $1.532 million tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. The new 4,500 s/f building
Worth Avenue Capital, LLC closes $3.75 million commercial loan for a construction company
September 13, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $3.75 million commercial loan for a construction company that specializes in both renovating existing homes as well as constructing new luxury homes. This company is a multiple repeat borrower for WAC who has partnered with this borrower on seven transactions over the last four years.
Paulsen appointed as senior vice president at Rockland Trust
September 13, 2024
Worcester, MA According to Rockland Trust, Robert Paulsen has been appointed as senior vice president, commercial banking center manager for the local commercial banking center. Paulsen will be leading the local commercial team as well as developing new commercial and industrial (C&I) relationships across the greater Worcester region.
Colliers secures $41.4 million in construction financing
for The Procopio Companies for a 92,000...
September 13, 2024
Marlborough, MA Colliers’ Capital Markets team has secured $41.4 million in construction financing for a multifamily development. The developer, The Procopio Companies, was represented by a Colliers team led by executive vice president Jeff Black, vice president Sean Burke, vice president Bryan Koop and financial analyst Matt Lombardi.
Dan and Nicole Harding of Lila Delman Compass complete $6 million sale of South Kingston property
September 6, 2024
Kingstown, RI Lila Delman Compass have completed the sale of 118 Turner Cove Way for $6 million. Dan and Nicole Harding of Lila Delman Compass’ Narragansett Office, represented the seller in this transaction. According to data maintained
Wright of Lila Delman Compass sells stone harbour condo for $2.7 million
September 6, 2024
Bristol, RI Lila Delman Compass has completed the sale of 345 Thames St., Unit 409N in Stone Harbour complex for $2.7 million. Alyce Wright, sales associate of Lila Delman Compass’ Newport Office, represented the seller