Search
Story results for:
Worth Avenue Capital, LLC closes $1million construction loan to CT-based developer
February 10, 2023
Montville, CT Worth Avenue Capital, LLC (WAC) closed a $1 million construction loan to a CT-based real estate developer. The loan proceeds will be used to partially fund the construction of a 12-unit condominium complex. The loan is secured by a first mortgage on the property in Montville, as well as a junior mortgage on real property in Wilton, Conn., with an underlying LTV of 55%.
Carthy named a principal at FinanceBoston
February 10, 2023
Boston, MA Shane Carthy has been named a principal at the growing commercial real estate capital advisory firm FinanceBoston. Carthy, who joined FinanceBoston as an associate in June 2021, will have responsibilities in business development, closing transactions and account management.
Gregory joins Union Savings Bank as VP, construction lending manager
February 10, 2023
Danbury, CT According to Union Savings Bank (USB), Shawn Gregory has joined the bank as a vice president, construction lending manager. In her new role, Gregory is responsible for the management of the bank’s construction portfolio as well as new business development for commercial lending.
Utility Supply & Construction expands into 100,000 s/f at West Davisville Commons
February 10, 2023
North Kingstown, RI Utility Supply & Construction Company of Reed City, MI joined the West Davisville Commons (WDC) in December of 2022. The company’s growth changed their footprint in the WDC from 40,000 s/f to 100,000 s/f in a few weeks. Utility Supply & Construction also added
Rockland Trust promotes O’Malley and Rizzo to executive leadership team
February 10, 2023
Hanover, MA Rockland Trust Company has elevated Kathryn O’Malley and James Rizzo, two tenured commercial colleagues, to the bank’s executive leadership team. O’Malley is the senior vice president, chief credit officer at Rockland Trust overseeing credit risk management, loan structuring, approval, work out, appraisal, and environmental risk mitigation for the organization.
Brazeau of Hayes & Sherry facilitates $2.68 million sale of 12-acre property
February 10, 2023
Charlestown, RI Hayes & Sherry has facilitated the $2.68 million sale of a 12-acre property. The property, 5407 Post Rd., was sold in late January. Derek Brazeau, a specialized multifamily broker for Hayes & Sherry, led the transaction. He represented the seller.
EagleBridge Capital arranges $20.1 million mortgage financing for multifamily portfolio in Southern ...
February 10, 2023
Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $20.1 million for a diverse multifamily portfolio located in Southern New England. The mortgage financing was arranged by EagleBridge director Brian Walsh who stated that the loan was provided by a leading thrift institution.
Scaralia of Albert Realtors and Rainieri of Empire Real Estate sell 7,200 s/f mixed-use for $755,000...
February 10, 2023
Cranston, RI Carole Scaralia of Albert Realtors was the listing broker of 11 Auburn St., a 7,200 s/f commercial mixed-use building. The selling agent was Jimmy Rainieri of Empire Real Estate Group. The sale price was $755,000. The seller was Econ Properties LLC and the buyer was Bordello Realty LLC.
Finegold Alexander Architects unveils design of Gladstone Elementary School in Cranston, RI
February 10, 2023
Cranston, RI Finegold Alexander Architects is working with the city and public schools on the design of the new Gladstone Elementary School, to replace an existing 1950s-era school. Finegold Alexander, a firm known for its expertise in educational facility design, is leveraging
Thru the Lens: Pearce Real Estate donates 25 Thanksgiving baskets
February 10, 2023
North Haven, CT According to Nanette Pastore, president of Pearce Real Estate, the Pearce Realtors made and donated Thanksgiving holiday baskets. The 25 baskets are actually foil roasting pans festively wrapped and filled with all the Thanksgiving staples plus a grocery gift card to purchase a turkey.
Thru the Lens: Griffin Electric donates items to Project New Hope for veterans and families
February 10, 2023
Holliston, MA In honor of Veterans Day, Wayne J. Griffin Electric, Inc. (Griffin Electric) donated hundreds of personal care items in benefit of veterans and their families through Project New Hope. A leading electrical subcontractor throughout New England and the Southeast for nearly 45 years, Griffin Electric was proud to partner with this military-affiliated non-profit organization and support veterans of the U.S. Armed Forces.
Thru the Lens: International Brotherhood of Electrical Workers Local 103 hosts annual toy drive
February 10, 2023
Boston, MA To spread holiday cheer, members of The International Brotherhood of Electrical Workers (IBEW) Local 103 donated thousands of new toys and articles of winter clothing to children and families in Boston and Lawrence. The Holiday Toy Drive is an annual tradition at IBEW Local 103 to give back to the communities where their members live and work.
Thru the Lens: Helge-Gansett supports Revere Police Activities League Youth Basketball Tournament
February 10, 2023
Revere, MA Helge-Gansett sponsored the Revere Police Activities League (PAL) Youth Basketball Tournament held at Revere High School. Helge-Gansett provided a donation for the tournament and to support upcoming programs benefiting local youth.
Thru the Lens: City Realty Group donates Chromebooks at the Timothy L. Riley Education & Training Ce...
February 10, 2023
Gloucester, MA City Kids, a youth education nonprofit created by City Realty Group, donated 20 Chromebooks to Action Inc., a local nonprofit and community action agency. For more than 50 years, Action Inc. has been a champion for the people and communities of Cape Ann.
R.W. Holmes 2022 – Fourth quarter office and industrial highlights
February 10, 2023
Wayland, MA R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, released its fourth quarter market report and forecast for 2023, reporting a shift towards tenants in the office market for the first time in five years, continued activity in the industrial sector, and an expectation that investment sales will pick up by Q3 2023.
Question of the month: How do you maneuver uncertainty in today’s economy? - by Alan Doyle
February 10, 2023
The Federal Reserve’s attempts to control a 9.0% annual inflation rate in March of 2022 led to seven successive rate increases by year-end. While effective, the Fed’s rate increases could prove to be more of a sledgehammer than a scalpel in cooling off the economy and combating inflation.
Redgate hires Gregoriadis, Lavery and Mueller
February 10, 2023
Boston, MA Redgate has expanded its senior leadership team with the hiring of Laura Gregoriadis, who will serve as the company’s first chief financial officer, Sharon Lavery, Redgate’s first senior director of human resources and culture, and Brian Mueller, who joins the company as vice president of asset management.
Newmark and CBRE complete 30,665 s/f lease for ASMPT AEi at 101 Billerica Ave. in the Axis Park Nort...
February 10, 2023
Billerica, MA Newmark has completed the 30,665 s/f R&D lease for ASMPT AEi–a global leader in the automotive camera active alignment market–at 101 Billerica Ave. in the Axis Park North campus. Newmark senior managing director Rory Walsh and executive managing directors Richard Ruggiero, Torin Taylor and Matthew Adams represented the landlord
North Branch Construction donates safety fine program proceeds to two organizations
February 10, 2023
Concord, NH North Branch Construction has donated the proceeds from the firm’s annual safety fine program to two deserving non-profit organizations – Community Bridges in Concord, and Lakes Region Community Developers in Laconia, N.H. In 2022, the safety fine program proceeds totaled nearly $4,000, resulting in a $2,000 donation to each organization.
Constantopoulos named partner at Gray, Gray & Gray
February 10, 2023
Canton, MA Gray, Gray & Gray, LLP has elected Bill Constantopoulos as a partner. He will continue to lead Gray, Gray & Gray’s Sage Intacct & Advisory practice group, which manages the design, transition and implementation process for clients who adopt the system.