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Berkson joins Savings Bank of Danbury as assistant vice president/community development manager
March 8, 2024
Danbury, CT According to Savings Bank of Danbury, Brian Berkson joined the bank as assistant vice president/community development manager. In his new role he will be responsible for maintaining, strengthening and onboarding relationships in the community.
Quonset Business Park celebrates 14,000 job milestone - by Steven J. King
March 8, 2024
Quonset has hit an important milestone. Just 14 months after celebrating our 13,000th job, the Quonset Business Park is now home to 14,379 jobs at 239 companies. Hitting this key milestone reflects our commitment to
Historic preservation and springtime in Boston - by David Kirk
March 8, 2024
The commercial property market plugs forward and falls back as demand for traditional property types, office and retail predominantly, ripples and recedes in spite resilient economy. Lower water marks in occupancy are prevalent and persistent, particularly in the older inventory in the built environment in the central business district.
Pawtucket’s Tidewater Landing project coming to fruition - by Donald Grebien
March 8, 2024
For decades, the city of Pawtucket has been working diligently to revitalize our downtown and to open up access to our beautiful waterfront along the Blackstone and Seekonk rivers. Bit by bit we have been making real progress towards these goals, with two
Partial interest valuation of real estate - A case study - by Marc Nadeau
March 8, 2024
Partial interest valuation is a technique used by appraisers and other valuation professionals to estimate the value of a fractional interest in real estate. Fractional interests in real estate result from the owner’s ownership of less than 100% of a given property.
Appraisal regulation: A brief history - by William Pastuszek
March 8, 2024
With the issuance of a new edition of USPAP, after a four-year hiatus, this is a good time to review some aspects of appraisal history and appraisal regulation. According to The Appraisal Foundation website, The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards
City of East Providence remains open for business - by Roberto DaSilva
March 8, 2024
On December 11th 2023, I received an emergency call from the Rhode Island Department of Transportation informing me that the westbound span of the Washington Bridge carrying I-195 was to be immediately shut down due to serious safety concerns
Lila Delman Compass #1 in Kent and Washington Counties for 2023 commercial sales
March 8, 2024
strong>Narragansett, RI According to data maintained by the Rhode Island Statewide MLS, Lila Delman Compass agents participated in two of the top three commercial sales across the state. Furthermore, per RIMLS, Lila Delman Compass
Union Savings Bank board of trustees promotes Piche to executive vice president
March 8, 2024
Danbury, CT According to Union Savings Bank (USB), Marlene Piche has been promoted to executive vice president. In her new role, Piche will oversee branch banking, business banking, the call center, as well as treasury and merchant services.
Groblewski and Monahan of Fantini & Gorga arrange $3.3 million in financing on behalf of Skydra Deve...
March 8, 2024
Warwick, RI Fantini & Gorga has arranged $3.3 million in financing on behalf of its client, Skydra Development LLC, an affiliate of a leading development and management firm based in Massachusetts. The parcel, located near T.F. Green Airport
Cassata joins Rockland Trust as business owner advisory strategist
March 8, 2024
Hanover, MA Rockland Trust’s Investment Management Group (IMG) is expanding its services with the appointment of Michael Cassata as the business owner advisory strategist. In this newly developed role, Cassata provides business owners with the strategic support and guidance
Casey of Sweeney Real Estate represents sellers of 33 Veterans Memorial Parkway - $750,000
March 15, 2024
East Providence, RI Kevin Casey, vice president, brokerage of Sweeney Real Estate & Appraisal represented the sellers of 33 Veterans Memorial Pkwy. in their sale of the real estate to 33 Vets, LLC. The property was a total of 7,708 s/f and was comprised of warehouse space, office suites
Cornerstone Realty Capital arranges $2.7 million in financing for construction of condominium develo...
March 8, 2024
Boston, MA Cornerstone Realty Capital arranged $2.7 million in financing for the construction of a residential condominium development. The development will feature six condominiums, a mix of three studio units, one one-bedroom unit, one two-bedroom unit, and one three-bedroom unit.
MEREDA’s Forecast Conference highlights a robust real estate industry full of collaboration & inno...
March 8, 2024
Portland, ME On Thursday, February 29th, over 800 of Maine’s real estate and development professionals gathered at the Holiday Inn By the Bay to learn about the latest trends and predictions for the real estate
CrowdStreet Inc. secures $11.5 million capital for Rhino
Capital Adviors’ advanced manufacturi...
March 8, 2024
Taunton, MA CrowdStreet, Inc. , an award-winning online real estate investing platform, raised $11.5 million of capital for Rhino Capital Advisors’ development of an advanced manufacturing property.
Roger Williams University real estate symposium to be held on April 25th
March 8, 2024
Providence, RI The real estate industry faces powerful forces including destabilizing rises in interest rates, city-altering office space vacancies, high inflation in material and labor costs, shortages of affordable, basic housing
Washington Trust opens 27th branch located
at Smithfield Crossing, 371 Putnam Pike
March 8, 2024
Smithfield, RI Washington Trust opened its 27th branch located at Smithfield Crossing, 371 Putnam Pike. Edward Handy III, Washington Trust chairman and CEO, and Mary Noons, Washington Trust president and COO, as well as other members of the bank’s executive team, were on
Brazeau of Hayes & Sherry brokers $1.25 million
sale of former Lincoln Memorial School
March 8, 2024
Lincoln, RI A historic former school has been sold and will be redeveloped into affordable housing. Hayes & Sherry, a Cushman & Wakefield alliance member, represented the town in the $1.25 million sale of
Improvement or Construction Exchanges under IRC Section 1031 - by Brendan Greene
March 8, 2024
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment”, to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale, and acquires other “like kind” property within 180 days of the sale.
Top 1031 Exchange pitfalls - by Lynne Bagby
March 8, 2024
As we enter into a “spring” market here in New England, real estate investors who are contemplating a 1031 tax deferred exchange transaction sometimes find that they have an unexpected or unplanned issue that could obstruct their ability to successfully complete a 1031 exchange as anticipated. This article briefly addresses some of the most frequent 1031 exchange mistakes and pitfalls to be avoided.