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Brazeau of Hayes & Sherry facilitates $3.7 million sale of two apartment buildings
October 13, 2023
Providence, RI Hayes & Sherry closed a $3.7 million sale of two apartment buildings on the East Side of the city. The properties, located at 88 and 100 Taft Ave., comprise a total of 29 residential units.
Amper and Greenman of Capstone Props. sell 1300 Eddie Dowling Hwy. - $2.35 million
October 13, 2023
Lincoln, RI Neil Amper, SIOR vice president and Chris Greenman, senior vice president/co-founder/ principal broker of Capstone Properties sold a 19,800 s/f former Honda dealership at 1300 Eddie Dowling Hwy.
Giuttari and Freshman of MG Commercial sell 32,000 s/f for $3.4 million
October 13, 2023
North Kingstown, RI Michael Giuttari, SIOR and Julie Freshman of MG Commercial Real Estate completed the sale of a 32,000 s/f LEED Gold certified industrial/manufacturing facility located in the Quonset Business Park at 81 Ocean State Dr
Atlantic Capital Partners sells North Providence Marketplace for $21 million
October 13, 2023
North Providence, RI Atlantic Capital Partners has negotiated the $21 million sale of North Providence Marketplace, a 112,497 s/f grocery-anchored retail shopping center. This 87% leased center is anchored by Shaw’s Supermarket, the region’s dominant grocer,
Real Estate Finance Association hosts 35th Annual Gala at Boston Omni at the Seaport honoring Stev...
October 13, 2023
Boston, MA On Thursday, October 5th, over 500 REFA members and friends gathered to honor Steven Samuels, chairman & princiapl of Samuels & Associates, as he was awarded the Swain Distinguished Service Award at the 34th Annual REFA Gala.
Cornerstone Realty Capital arranges $4.1 million in financing for acquisition of three retail prope...
October 13, 2023
Wareham, MA Cornerstone Realty Capital arranged $4.1 million in financing for the acquisition of newly constructed commercial buildings. The retail properties are comprised of three new construction buildings consisting of a two-tenant building leased to five nationally recognized tenants
MassDevelopment issues $4.64 million tax-exempt bond for South Shore Stars
October 13, 2023
Weymouth, MA MassDevelopment has issued a $4.64 million tax-exempt bond on behalf of South Shore Stars, Inc., a nonprofit early education and youth development organization, which will use proceeds to buy a building at 163 Libbey Industrial Pkwy.
Opportunities to balance the scales of equity, inclusion, dignity, respect, and kindness - by Brett...
October 13, 2023
Housing is on the top of the mind for everyone lately, or at least that’s how it seems. Between students, legislators, developers, and bankers, it’s all I’m hearing about, and that’s a good thing. The reality of the current economy and the outlook for many people has made the housing conversation dinner table discussion material for most families in this country.
Affordable housing: Continuing the conundrum - by Daniel Calano
October 13, 2023
Everybody agrees: Housing is expensive, or worse, not affordable, at almost every level of society. Cities have been working on the problem forever, housing advocacy groups likewise. I wrote about it a few monthly articles ago, and this is a needed update. Simply put, the problem is still that there is more demand than supply, some suggesting that hundreds of thousands of housing units must be built to make a dent.
Appraisers must stick to fundamentals during hectic times - by John Nitz
October 13, 2023
Real estate appraisers, particularly those involved with commercial real estate remain busy despite rising interest rates and an overall slowdown in market activity. During these busy times, appraisers must remember to stay consistent with the fundamentals of appraising.
Multi-family trends - Part 2 - by William Pastuszek
October 13, 2023
Debt and Real Estate Lending: The cost and availability of debt makes a big difference, but maybe not as big a difference as we think. Why? Markets are adaptable and multi-family markets are getting used to the high interest rate environment. To be sure, lenders are acting with greater discipline in the current environment.
Sidel of EagleBridge Capital handles
$30 million refinancing
October 13, 2023
Wilmington, MA EagleBridge Capital has arranged mortgage refinancing in the amount of $30 million for the Ballardvale Technology Center, a flex/R&D/office complex located at 181 and 187 Ballardvale St.
Worth Avenue Capital places $130,000 loan
October 13, 2023
Weston, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a real estate investor who is purchasing a residential property in town. The loan proceeds will be used towards the purchase of the aforementioned property
MassHousing closes $14.5 million refinancing
October 13, 2023
Boston, MA MassHousing has closed a $14.5 million deal with Rogerson Communities to extend the affordability of the 76-unit Farnsworth House senior housing for at least 24 years.
JLL Capital Markets facilitates $27m refinancing
for FoxRock Properties
October 13, 2023
Quincy, MA JLL Capital Markets has arranged a $27 million refinancing for One Heritage Dr., a 172,849 s/f office building. JLL worked on behalf of the borrower, FoxRock Properties, to secure the five-year, fixed-rate loan
Eastern Union arranges $19.6 million construction
loan for 131,075 s/f project
October 13, 2023
Bridgeport, CT Eastern Union, one of America’s largest commercial real estate mortgage brokerage firms, has arranged a $19.6 million construction loan in support of the conversion of a 131,075 s/f, former healthcare complex into a multifamily property at 600 Bond St.
Kelly and Dutton of Franklin Street broker 20,000 s/f lease to White Cap, LP at Sunshine Industrial ...
October 6, 2023
Clearwater, FL Franklin Street negotiated the lease of a 20,000 s/f indoor building space coupled with 1.5 acres of industrial outdoor storage at Sunshine Industrial Park. Franklin Street’s office and industrial services team
Franklin Street arranges 26,940 s/f lease of single-tenant building in Sunshine Industrial Park
October 6, 2023
Clearwater, FL Franklin Street negotiated the lease of a 26,940 s/f single tenant building with one acre of industrial outdoor storage. The property is located in Sunshine Industrial Park, an 83-acre industrial park spanning 219,000 s/f.
Acella relocates to new 14,000 s/f office space
October 6, 2023
Rockland, MA Acella Construction Corporation (Acella), in celebration of its 20th anniversary, is relocating from 38 Washington St. in Pembroke, to 400 Hingham St. The recent move from the former 7,000 s/f building to a space twice the size at 14,000 s/f comes as a result of company growth and expansion into new vertical markets.
Wood Palace Kitchens passes down ownership
October 6, 2023
Middleboro, MA Wood Palace Kitchens, a cabinetry distributor representing select manufacturers and providing turn-key services, will have a new owner as of January 2024. Tim Holick, current owner and founder, announced that he will transfer ownership of the 44-year old company to his nephew, Michael Holick. Michael Holick has been with the company for 33 years, began his career with the company in warehousing, then project supervising, and since 2000 has been one of the company’s top salespersons.