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Asian Real Estate Professional Association hosts first annual Boston holiday party
December 15, 2023
Boston, MA The Asian Real Estate Professional Association (AREPA) hosted its first annual Boston Holiday Party on Tuesday December 12th, at Colliers International
Providence mayor Smiley designates additional $5.4m to affordable housing developments
December 15, 2023
Providence, RI Mayor Brett Smiley proposed, and the Providence Redevelopment Agency (PRA) approved, an additional $5.4 million in funding to the Providence Housing Trust to support six new residential projects that will create 152 units of long-term affordable housing
MountainOne’s Richard Kelly promoted to senior vice president, senior commercial risk officer
December 8, 2023
North Adams, MA MountainOne Bank has promoted Richard ‘Dick’ Kelly, who has assumed the role of senior vice president, senior commercial risk officer. This newly created position
Shawmut Design and Construction completes 250 Centre Street multifamily development
December 8, 2023
Boston, MA Shawmut Design and Construction, a leading $1.3 billion national construction management firm, joined the Jamaica Plain Development Corporation (JPNDC), The Community Builders, Incorporated (TCB), The Massachusetts Executive Office of Housing and Livable Communities
2023 Ones to Watch - Industry Leaders: Shad Brook of The Procopio Companies
November 24, 2023
What recent project, transaction or accomplishment are you most proud of? I am most proud of where I am today, as I have been able to recognize my values as an individual personally and professionally. Procopio has helped me to reaffirm my values, as I am surrounded by team members with the same goals and vision, in an environment where our shared values drive the business. This culture has allowed me to thrive.
Real Estate Finance Association hosts Year-End Celebration and Holiday Party
December 15, 2023
Boston, MA REFA hosted its Annual Year-End Celebration and Holiday Party on Monday, November 20th at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on
Pentucket Bank reaches a $1 billion milestone
December 15, 2023
Haverhill, MA Pentucket Bank has reached a milestone in the organization’s history by topping $1 billion in assets. This makes the mutual community bank one of the largest in Mass and in N.H. by asset size.
MassDevelopment issues $17.82m tax-exempt bond on behalf of 2Life Leland LLC - Brookline Bank purcha...
December 15, 2023
Waltham MA MassDevelopment has issued a $17.82 million tax-exempt bond on behalf of 2Life Leland LLC, an affiliate of 2Life Communities, which will use bond proceeds to demolish a vacant former rest home at 21 Newton St. and build a three-story,
Meehan joins MountainOne as vice president and community engagement officer
December 15, 2023
North Adams, MA MountainOne has appointed Jennifer Meehan as vice president, community engagement officer. In her role, Meehan will drive MountainOne’s community engagement efforts throughout MountainOne’s footprint in the Berkshires and the South
Union Savings Bank hires Evanko as vice president, senior commercial loan officer
December 15, 2023
Danbury, CT According to Union Savings Bank, Richard Evanko has joined the bank as vice president, senior commercial loan officer. In his role, Evanko is tasked with providing excellent service to USB’s commercial portfolio
KeyBank Real Estate Capital appoints Wood as a senior mortgage banker
December 15, 2023
Boston, MA KeyBank Real Estate Capital (KBREC) has appointed Jonathan Wood as a senior mortgage banker focused on multifamily lending in the Northeast. Wood is responsible for originating loans for the multifamily sector
The Village Bank celebrates opening of new Waltham branch
December 15, 2023
Waltham, MA The Village Bank has opened its newest office, located at 251 Moody St. The new office is the bank’s 9th branch location. “The Village Bank has always cherished its relationships with our neighbors in Waltham,” said
Olson named executive vice president, chief banking officer at East Cambridge Savings Bank
December 15, 2023
Cambridge, MA According to East Cambridge Savings Bank, Richard Olson, a seasoned banking professional with over two decades of managerial and leadership experience in the financial services industry, has joined the bank as executive vice president,
Pit stop in Vegas - Track is good - by David Kirk
December 15, 2023
The commercial property markets are gradually adjusting to the virtual workplace and collateral impact on existing and prospective inventory. The overlay of climate ready built environment is already appearing in building codes and capital grants and incentives.
High density housing - good… unintended consequences - not so good - by Daniel Calano
December 15, 2023
Many authors, including myself, have been writing about the need for more, and more affordable housing. The amount needed varies significantly by different reports. Fannie May says 4.5mm; Realtor.com figures 6.5mm; National Low Income Housing Coalition reports
The appraiser – The role in tax planning and reporting - by Marc Nadeau
December 15, 2023
Having had the experience of working in public accounting and studying tax law in graduate school, combined with working in the appraisal profession for nearly 40 years, I have come across a great many instances where the appraiser becomes an important person in the lineage
Season’s greeting: USPAP 2024 is here! - by William Pastuszek
December 15, 2023
It’s official. The first new edition of The Uniform Standards of Uniform Standards of Professional Appraisal Practice (USPAP) since 2020 is here. Do I sense a Big Yawn? Stay alert, this is some interesting stuff.
Campanelli secures $38.2 million construction loan with Cambridge Savings Bank
December 15, 2023
Boxborough, MA Campanelli is further expanding The Park at Beaver Brook. Campanelli has secured a $38.2 million construction loan from Cambridge Savings Bank, a full-service mutual bank with more than $6 billion in assets. The financing package
JLL Capital Markets secures $35 million financing for 123-unit development
December 15, 2023
Worcester, MA JLL Capital Markets has arranged $35 million in financing for The Arbella at Bramble Hill, a to-be-built, 123-unit, active adult seniors community. JLL worked on behalf of the borrower, UW Senior, LLC, through the developer,
Rockland Trust provides $12.5 million for affordable
housing development in Bourne, Mass.
December 15, 2023
strong>Bourne, MA Nonprofit Preservation of Affordable Housing (POAH) has secured more than $12.5 million in financing from Rockland Trust for the construction of Cape View Way, LLC, a 100% affordable housing development. Cape View Way will be designed to Passive