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REFA is steadfast prepping and hosting events in 2023
April 14, 2023
Boston, MA The Real Estate Finance Association (REFA) hosted its second education program of the year: MBA Recap & Boston’s Lending Environment on Wednesday, March 8th at Atlantic Wharf, 290 Congress St.
Cornerstone Realty Capital arranges $8.1 million in financing for a 43-unit apartment property in Sa...
April 14, 2023
Saugus, MA Cornerstone Realty Capital recently arranged $8,100,000 for the refinance of Pennybrook Gardens, a 43-unit apartment property. Pennybrook Gardens sits on a 2.689 acres and consists of six two-story apartment buildings
Providence mayor Smiley names Thomas director of economic development
April 14, 2023
Providence, RI Mayor Brett Smiley appointed Cassandra Thomas as director of economic development for the city. Thomas is an experienced professional that brings a community-centric and innovation-driven approach to economic development, focused on creating
Springtime brings buds and blooming - stay where you are - by David Kirk
April 14, 2023
You must know what you are doing in this market. Borrowing from a counsel of the trade, I talk with measure. Let us examine the property and the location. Portfolio considerations are compelling and time sensitive. Action makes sense. With limits on liquidity and capital, commercial property
JLL arranges $17.28 million for FoxRock’s 282,924 s/f office/industrial 1 Albion Rd.
April 14, 2023
Lincoln, RI JLL Capital Markets has arranged a $17.28 million refinancing for 1 Albion Rd., a two-building office and industrial property totaling 282,924 s/f.
Artificial intelligence: Friend or foe? - by Daniel Calano
April 14, 2023
The world is abuzz with chatter about artificial intelligence (AI), and how it will help or hurt society, economy, ethics, culture, our very being. Although it seems relatively new, most people are unaware of the history of the activity.
Don’t panic the slow down - We are part of the cycle - by Jennifer O’Neill
April 14, 2023
Does the slow down bring you into an irrational panic? EVERY SINGLE TIME for me. I know the logic is that it is temporary, it’s been done before, and all is good in the world. But here we go again. Whether it is seasonal (busy summer, slow winter), or cyclical (1987 highs and 1990’s lows, 2008 crash, COVID boom and now interest rate slow down
Spring brings big change - by Bill Pastuszek
April 14, 2023
The appraisal profession – in particular, residential mortgage appraisal – is undergoing a significant period of change and upheaval. Much of this change is being imposed upon the profession from without. Some wonder if the profession, through its glacial pace of evolvement
Nogueira retires from East Cambridge Savings - Bombard named president
April 14, 2023
Cambridge, MA Gilda Nogueira, president and CEO of East Cambridge Savings Bank since 2012, plans to retire later in 2023. The announcement was made at the annual meeting of East Cambridge Savings Bank and 1854 Bancorp, the bank’s mutual holding company.
Sidel of EagleBridge Capital handles $2.232 million mortgage financing
April 14, 2023
Boston, MA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $2.232 million for an apartment property located on Snow Hill St. in the North End neighborhood, the city’s oldest residential community.
Cronheim secures $20.23 million financing for 100,000 s/f office property in Rowayton, CT
April 14, 2023
Rowayton, CT Andrew Stewart and Dev Morris of Cronheim Mortgage have secured $20.23 million in long-term interest-only financing for an office property. The 100,342 s/f property consists of two interconnected buildings, a historic structure developed
The convenience in depreciation - by Kyle Kadish
April 14, 2023
A handful of convenience stores with gas stations have opened across southern New Hampshire in the past few years, and many more like them have sold across the region. More likely than not, benefits and advantages from 2017’s Tax Cut and Jobs Act drove interest in the asset class.
The Village Bank hires Cruz as assistant vice president, fraud officer
April 14, 2023
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Jennifer Cruz as assistant vice president/fraud officer.
SIOR NE Chapter holds march landlord lunch March 22nd
April 14, 2023
Newton, MA The SIOR New England Chapter held its third chapter event for 2023 at the Sheraton Four Points on March 22nd. Approximately 50 SIORs and guests attended the luncheon to hear Tucker Kelton, founder and managing partner of Camber Development.
LBC Boston secures $50 million financing for NOVA Hancock - led by Rockland Trust
April 14, 2023
Quincy, MA LBC Boston secured a $50 million financing package led by Rockland Trust for the construction of NOVA Hancock, an apartment complex in downtown. NOVA Hancock is LBC Boston’s second project
Mott & Chace Sotheby’s International Realty sells Narragansett, R.I. property for $2.225m
April 14, 2023
Narragansett, RI Mott & Chace Sotheby’s International Realty has completed the sale of 65 Gibson Ave. for $2.225 million. The buyers were represented by Susan Radesca and The Soby Fox Team of Mott & Chace Sotheby’s International Realty, and the sellers were represented by David Carty of Carty Realty.
Margulies Perruzzi completes 31,000 s/f office
renovation for Boston Trust Walden at at One Beac...
April 14, 2023
Boston, MA Margulies Perruzzi (MP) has completed the renovation of 31,000 s/f at One Beacon St. for Boston Trust Walden, an independent, employee-owned firm providing investment management services to institutional investors and private wealth clients.
NAI Glickman Kovago & Jacobs facilitates $4.3m sale of 17.7 acres
April 14, 2023
Worcester, MA NAI Glickman Kovago & Jacobs has sold 17.7 acres at 1029 Grafton St. for $4.3 million. The seller, Brandt Lane Living Trust, was represented by NAI Glickman Kovago & Jacobs principal, James Glickman, and vice president, Nolan Ryan. The buyer is Brandt Lane Development LLC.
Horvath & Tremblay complete $6.11 million sale of ConvenientMD
April 14, 2023
Plaistow, NH Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of ConvenientMD. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,110,169.
Freudenheim Partners facilitates new 3,412 s/f office for Lannan Technologies in Seaport
April 14, 2023
Boston, MA Freudenheim Partners has facilitated a new sublease for Lannan Technologies, a cyber security company looking for a local office presence. They will now occupy 3,412 s/f at 250 Summer St. in the city’s Seaport neighborhood.