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Freshman of MG Commercial brokers 33,000 s/f warehouse lease to Homans Associates
November 11, 2022
Warwick, RI Julie Freshman of MG Commercial Real Estate has brokered a long-term lease of 33,000 s/f of warehouse space at 275 West Natick Rd. to Homans Associates for the landlord, 275 West Natick Road, LLC. Freshman represented the tenant and worked directly with the landlord.
Carstensen of Mott & Chace Sotheby’s sells 34 Decatur Ave. for $2.2 million
November 11, 2022
Jamestown, RI According to Mott & Chace Sotheby’s International Realty, the East Passage home at 34 Decatur Ave. has sold for $2.2 million. Nicole Carstensen, sales associate of Mott & Chace Sotheby’s International Realty, represented the seller.
Tidewater Landing & commuter rail station projects moving forward in Pawtucket - by Donald Grebien
November 11, 2022
Two of the biggest economic development projects in Pawtucket are moving forward and are poised to supercharge commercial development in our city. Phase I of Tidewater Landing, the largest economic development project in our city’s history, broke ground on August 12th.
City, EP Waterfront and Churchill & Banks break ground on East Point
November 11, 2022
East Providence, RI The City of East Providence, together with Churchill & Banks and its subsidiary Noble Development as well as the East Providence Waterfront Commission, broke ground on a new ambitious $120 million waterfront development.
Alves, Lowe, and Fox of Elite Commercial sell 2.98-acre Woonsocket development site for $1 million
November 11, 2022
Woonsocket, RI Elite Commercial Realty sold the 2.98-acre former Woonsocket Middle School at 357 Park Place for $1 million. 357 Park Place LLC, an affiliate of the Goldman Group LLC, a Boston-based real estate investment, development, and management company is the buyer.
Drinkwater and Richard of Marcus & Millichap sell 20,560 s/f office property located at 1543 Atwood ...
November 11, 2022
Johnston, RI Marcus & Millichap negotiated the sale of U.S. Citizenship & Immigration Services, a 20,560 s/f office property located at 1543 Atwood Ave., according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $10.25 million.
Churchill & Banks breaks ground on $120 million East Point waterfront community permitted for 392 r...
November 11, 2022
East Providence, RI East Point is the latest waterfront residential community to be built by Churchill & Banks, permitted for 392 residential units, many of which will have direct waterfront access and unobstructed views of the Seekonk River and Blackstone State Park across the Seekonk River.
Opportunity after the unsuccessful exchange - by Kyle Kadish
November 11, 2022
Like-kind exchanges have been occurring in some form or fashion for over 100 years. More recently codified as a 1031 exchange, real estate investors continue to actively defer taxes when selling investment property and replacing it with other property.
Current events: Complicated, not confusing - David Kirk
November 11, 2022
The Federal Open Markets Committee (FOMC) raised interbank guidance rate. Now at 4.5% after six rate increases, four of which were big increases, with puffy clouds in the skies, rippling in the ponds and whispering headwinds.
Real estate as cash machine: Not so clear now - by Daniel Calano
November 11, 2022
When you need money, you go to the bank cash machine, leave the car running, type in your pin, get how many hundreds or thousands you need. If you need more you go into the bank, refinance your home mortgage, or pile on a second mortgage or HELOC.
Appraisers are critical during uncertain times - by John Nitz
November 11, 2022
In last month’s interesting NEREJ article, Marc Nadeau, SRA, discussed the volatility of the residential market, including torrid market appreciation over the past two years and, conversely, a recent cause for concern due to rising interest rates.
Boston’s industrial market 3Q 2022 - by Bill Pastuszek
November 11, 2022
The economic landscape has dramatically changed. It seems nothing has changed much since late 2019 but the shifts experienced are big, dramatic, and unsettling. But it all fits a guiding principle: We are certain that change will occur.
REFA closes out the year with quality in-person programming
November 11, 2022
Boston, MA REFA hosted a sold-out education program on Wednesday, October 19th at WilmerHale’s office at 60 State St. 100 REFA members joined us for “Inflation, Interest Rates, and Potential Recession – Their Impact on Commercial Real Estate.” Bryan Mason, Chatham Financial, kicked off the program with an overview of the interest rate environment.
EagleBridge Capital arranges $7m financing
November 11, 2022
Philadelphia, PA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $7 million for a recently-opened NNN leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.
Newmark arranges financing for new Riverside Labs development
November 11, 2022
Weston, MA Newmark has arranged financing for Riverside Labs, a life science and innovation campus that is under development.
Boston Realty Advisors places $7.54m in financing for two props.
November 11, 2022
Eliot, ME Boston Realty Advisors has arranged acquisition financing of $7.54 million for two manufactured housing parks in Southern Maine. The two properties financed, part of a single Southern Maine Portfolio, are five miles apart and include Marshwood Estates, at 801-811 Dow Hwy.
North Easton Savings Bank names Letner as the new chief lending officer
November 11, 2022
Easton, MA North Easton Savings Bank has welcomed Ralph Letner as their new chief lending officer. With 36 years in the banking industry focused on supporting local and regional organizations, the bank welcomes his significant experience as they gear up for further expansion into the commercial and small business vertical.
Washington Trust’s Commercial Real Estate
Group provides $16.395 million in financing to V20 G...
November 11, 2022
Darien, CT Washington Trust’s Commercial Real Estate Group provided $16.395 million in financing to a V20 Group-related entity for the acquisition and improvement of a 70,000 s/f office building .
IFMA Boston hosts 2nd Annual Cornhole Tournament
November 4, 2022
>IFMA Boston hosted its second annual Cocktails & Cornhole on the Lawn event at Rivers Edge in Medford on October 12th thanks to the hospitality of Preotle Lane LLC and Agero. We were treated with a beautiful fall afternoon
CAI hosts 2022 Virtual Advocacy Summit
November 4, 2022
In October, 200 condominium and homeowner association advocates met with Capitol Hill legislators and staff in the first CAI virtual advocacy summit. Participants advocated for the more than 74 million Americans living and working in community associations