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Wonderland Yoga Studio celebrates grand opening at 129 Wayland Ave.
May 10, 2024
Providence, RI Wonderland Yoga celebrated its grand opening on April 20th in a newly designed 2,381 s/f space at 129 Wayland Ave. This “Mindful Movement Playground” aims to cultivate a space where individuals can explore the depths of their practice while embracing creativity, playfulness, and community.
Schultheis of Sweeney Real Estate & Appraisal sells
3,600 s/f office building for $500,000
May 10, 2024
East Providence, RI Eric Schultheis of Sweeney Real Estate & Appraisal represented the sellers of 2740 Pawtucket Ave. The 3,600 s/f office building sold for $500,000 to Vladislav Naydenov and Violeta Dimitrova.
DESIGNxRI accepting applications for statewide Design Catalyst Program - deadline May 12
May 10, 2024
Providence, RI DESIGNxRI, the leading organization for design advocacy and support in Rhode Island, is accepting applications for the Design Catalyst Program. The deadline for applications is May 12, 2024. Originally launched in Providence with funding from the city, the program has grown to encompass the entire state, reflecting DESIGNxRI’s commitment
Walker & Dunlop HUD team finances
$135.32 million for six Carpionato properties
May 10, 2024
Warwick, RI Walker & Dunlop, Inc. arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024. The team worked alongside the U.S. Department of Housing and Urban Development (HUD) to complete the financing. They utilized HUD’s FHA Section 223(f) program, allowing the client to secure six fully
Real Estate Finance Association
blooms with programming
May 10, 2024
Boston, MA The Real Estate Finance Association (REFA) would like to congratulate 2024 REFA president-elect Jill Sharif, Commonwealth Land Title Insurance Company - NCS as the recipient of CREW Boston’s 2024 Leadership Award!
MassDevelopment issues $11m tax-exempt bond on behalf of The Wheeler School - Berkshire Bank purchas...
May 10, 2024
Seekonk, MA MassDevelopment has issued an $11 million tax-exempt bond on behalf of The Wheeler School, an independent coeducational college preparatory day school, which will use proceeds to fund several capital projects at its campus at 357 Walker St.
What will interest rates be? Not your father’s loan package - by Daniel Calano
May 10, 2024
>Back in the good old days, and I do mean old, real estate planning was relatively simple: The key metric was location, location, location, later improved by timing, timing, timing. Yes, there was a nod to supply/demand analysis, and thus competition, but the data was not as available as you needed.
Rates and dates - The Fed likely to hold off - by David Kirk
May 10, 2024
After the Wednesday May 1st Federal Open Market Committee (FOMC) meeting chairman Powell delivered what was characterized as a dovish announcement. Some pundits called this one the first dovish announcements by chairman Powell, for that matter, also any of the members serving on the FOMC under his leadership.
Appraisal Career Foundations: The joys of real estate appraisal - by Arnold Grant
May 10, 2024
At times it is challenging to coax an individual to consider becoming a real estate appraiser. Potential candidates without appraisal experience may be reluctant to enter a new field of study. Yet attracting new people can revitalize an appraisal firm. Appraisal offers an entry into the realm of commercial real estate opportunities.
News from Fannie, Freddie and USPAP - by Bill Pastuszek
May 10, 2024
For residential appraisers: the GSEs continue to publish guidance for residential appraisal practice. Here are some recent excerpts. Fannie Mae - Reconsideration of Value Guidance (Selling Guide Issuance, May 1, 2024, effective August 1, 2024).
JLL completes sale and financing of
Hopkinton office and data center asset
May 10, 2024
Hopkinton, MA JLL Capital Markets has completed the sale and financing of 117 South St., a two-story office and data center building totaling 56,324 s/f. Details of the sale and financing were not disclosed. JLL marketed the property on behalf of a confidential seller, and procured the buyer, Rhino
Colliers arranges $52.75 million in financing for
Oliver Street Capital and Bain Capital Real Es...
May 10, 2024
Peabody, MA Colliers has arranged the $52.75 million refinancing of 140 Summit St., a headquarters warehouse and distribution facility in Centennial Park. The Colliers team, led by executive vice president John Broderick and vice president Patrick Boyle, worked on behalf of their client Oliver Street Capital and Bain Capital Real Estate
MassHousing provides $50 million in financing
for Clarendon Hill Towers
May 10, 2024
Somerville, MA MassHousing has provided $50 million in financing for Clarendon Hill Towers, a 501-unit apartment property. Residents will benefit from preserved affordable rents and $13 million in property improvements. Connolly & Partners, LLC, and the Clarendon Hill Towers Tenant Association
M&T Realty appoints Newton as managing director
May 10, 2024
Boston, MA M&T Realty Capital Corporation has appointed Matt Newton as managing director. Newton joins the production team and will handle nationwide loan origination using various capital sources, including agency, FHA, life companies, debt funds, and M&T Bank capabilities.
Rockland Trust provides financing for two
developments totaling $16.1 million
May 10, 2024
>Fall River, MA Hajjar Management has secured $10.6 million in financing from Rockland Trust for the redevelopment of the 151-year-old Sacred Heart Church and rectory. The former 37,850 s/f church and rectory, located at 160 Linden St., will be converted into 46 market-rate apartments.
“Talking Toastmasters with Angela Nuss” celebrates 3rd anniversary
May 10, 2024
Braintree, MA The Podcast “Talking Toastmasters” recently celebrated its third anniversary, and the completion of more than 40 episodes. The podcast is the creation of Angela Nuss, director of special projects at Jay Nuss Realty Group, LLC.
Xeal deploys 80 advanced
EV chargers at Osborn Triangle
May 10, 2024
Cambridge, MA Xeal, one of the only no-central-network-needed EV charging solutions with industry-leading uptime, has collaborated with an affiliate of The Bulfinch Companies, and Harrison Street, on the strategic deployment of over 80 advanced EV chargers at Osborn Triangle, a life sciences campus
Bullio joins Auburn Construction Co., Inc. as vice president/project executive
May 10, 2024
Whitman, MA Marc Bullio has joined Auburn Construction Co., Inc. as vice president/project executive. Bullio brings to the table over 20 years of leadership experience. In his role as a project executive, he is responsible for the overall management and coordination of a project, beginning with business development
Mott & Chace Sotheby’s International Realty
brokers $2.48 million sale
May 10, 2024
North Kingstown, RI Mott & Chace Sotheby’s International Realty has completed the sale of 76 Wilbert Way for $2.48 million. The sellers were represented by Donna Conway, sales associate of Mott & Chace Sotheby’s International Realty.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
May 10, 2024
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.