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Wakim of Simon Konover Company to retire role as president and COO to next generation
April 19, 2024
West Harford, CT Jim Wakim, Esq., president, chief operating officer and general counsel of The Simon Konover Company, will be retiring later this spring. Wakim joined The Simon Konover Company in May of 2008 and has been responsible for the strategic growth of the company’s investment and management portfolio
Choyce Peterson completes $6.59 million
sale of Kings-Post Associates office building
April 19, 2024
Westport, CT Choyce Peterson, Inc., a commercial real estate brokerage firm, has completed the sale of the 32,000 s/f building located at 315 Post Rd. West on behalf of the owners, Kings-Post Associates, a partnership owned by the Deluca Family. The buyer is Post West Park LLC, an affiliate of American Bailey Corp.,
Atlantic Property Management tailors its platform for the special servicer industry
April 12, 2024
Boston, MA One of the largest commercial mortgage special servicers has awarded Atlantic Property Management 3 property management assignments. Atlantic tailored its management platform to meet the unique needs
Real Estate Finance Association
jumps into a busy spring
April 12, 2024
Boston, MA Last month the REFA Innovation Committee hosted an exclusive tour of Suffolk Technology on March 19th. The tour group heard from the vice president of platform, Parker Mundt, about Suffolk’s commitment to leveraging technology and creativity
MassDev. issues $39.9m tax-exempt bond to 32 Marion Apts. LLC - Eastern Bank and Rockland Trust purc...
April 12, 2024
Brookline, MA MassDevelopment has issued a $39.9 million tax-exempt bond on behalf of 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, which will use proceeds to build 115 units of affordable housing for seniors and individuals with disabilities in the Coolidge Corner
Essex Financial’s Furgueson, LaRiviere, Nolan, Tait, and Sullivan named to 2024 Forbes list
April 12, 2024
Essex, CT According to Essex Financial, Tim Furgueson, Michael LaRiviere, Kevin Nolan, Bill Tait, and James Sullivan have been selected to the 2024 Forbes Best-in-State Wealth Advisors list, which honors top performing wealth management and financial planning advisors in each state.
Worth Avenue Capital, LLC closes $4.2 million commercial loan to home builder and developer in Green...
April 12, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $4.2 million commercial loan to a luxury home builder and developer that specializes in the construction and renovation of existing homes in town. The loan proceeds were used to purchase adjoining properties on Locust St.
Eastern Bank adds DPV Transportation as a commercial banking customer
April 12, 2024
Boston, MA According to Eastern Bank, global ground transportation company DPV Transportation, Inc. (DPV) is the bank’s newest commercial banking customer. Headquartered in Everett, Mass., DPV is one of the largest certified minority-owned ground transportation businesses in New England
Housing: Some new solutions - by Daniel Calano
April 12, 2024
I am definitely weary of reading, and writing, about the “housing crisis.” Through my and other’s last several articles regarding interest rates, permit delays, materials and labor costs, logistic issues, you have heard it all. As Yogi Berra would say, it is déjà vu, all over again.
Nahigian appointed vice-chair of chapter activities committee for the Counselors of Real Estate
April 12, 2024
Newton, MA Rob Nahigian, CRE of Auburndale Realty Co., was appointed as the 2024 national vice-chair of the national activities committee for the Counselors of Real Estate (CRE).
The deal and the data - by David Kirk
April 12, 2024
Not confusing. Complicated. Not a commodity. Commercial property is converting to a higher and better use. Still an economic derivative. Following the economy! Talk it out. Walk it out. Got gas. Use it!
The Great Apartment Boom in Connecticut - by John Nitz
April 12, 2024
Several major cities in Connecticut are exploding with new apartment development and/or proposals in recent years. The increasing demand for housing, low apartment vacancy rates, and rising apartment rents have been driving factors encouraging new development throughout Connecticut. Cities such as Hartford, New Haven, New Britain, and Stamford
Residential appraiser modernization and market update - by William Pastuszek
April 12, 2024
Ever since interest rates started their climb in 2022, appraiser volume went the other way. Residential appraisers doing mortgage work depend on two types of mortgage pipelines: purchases and refinances. For a while now, neither source has produced much flow.
Bank Rhode Island finances construction
of The One Ten apartment project
April 12, 2024
North Kingstown, RI Bank Rhode Island’s (BankRI) commercial real estate division has financed the construction of a new luxury apartment building. The building will be branded The One Ten and the project is already in progress. It is the latest development of Moran Properties and represents the final phase of the Saw Mill Square
JPMorgan Chase hires Fauth to support Community Development Banking
April 12, 2024
Boston, MA As part of JPMorgan Chase’s commitment to expanding its market presence, the firm hired Jennifer Fauth to support Community Development Banking (CDB). In her new role, Fauth will manage the delivery of affordable housing and banking products to clients across New England.
Rockland Trust secures $5.1 million financing for
Boston Pinnacle Properties
April 12, 2024
Boston, MA Boston Pinnacle Properties secures $5.1 million in financing from Rockland Trust for a 145-year-old building on Franklin St. as part of the city’s Downtown Residential Conversion Incentive Program. This will be the first project to secure funding since the Boston Planning and Development
Project of the Month: Caro Tuscan Village reaches completion - design by HDS Architecture; develope...
April 12, 2024
Salem, NH HDS Architecture, a Boston-based architectural design firm with a concentration on sophisticated high-quality residential development, alongside developer, The Dolben Company, and general contractor, Pilot Construction,
Winstanley Enterprises and NorthPoint Development receive approval for 524,000 s/f distribution faci...
April 12, 2024
Westfield, MA In a location that once thrived as part of a computer manufacturing facility for the famed Digital Equipment Corp., a joint-venture development team of Winstanley Enterprises, LLC and NorthPoint Development is moving forward with approved plans to build a general warehouse/distribution facility.
Nahigian of Auburndale Realty teaches Commercial Lease Analysis at Boston University
April 12, 2024
Boston, MA Rob Nahigian, FRICS,SIOR,CRE,MCR of Auburndale Realty has completed teaching Commercial Lease Analysis at Boston University (BU) in its Certificate of RE Studies.
Gollinger promoted to senior vice president at The Collaborative Companies
April 12, 2024
Boston, MA The Collaborative Companies (TCC), a partner of Coldwell Banker Realty in New England and a subsidiary of Anywhere Real Estate Inc., has promoted Laura Gollinger to senior vice president. With a decade of dedicated service to TCC,