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Cambridge Savings Bank provides $84.5m in construction loans to Strategic Land Ventures
September 16, 2022
Cambridge, MA Cambridge Savings Bank (CSB) has provided construction loans totaling $84.5 million to Strategic Land Ventures (SLV), a vertically integrated real estate investment management and development firm.
JLL arranges $230 million financing for 262,000 s/f Somerville life sciences development
September 16, 2022
Somerville, MA JLL Capital Markets has arranged a $230 million construction loan for the development of 15 McGrath Hwy., a speculative life sciences development totaling 262,000 s/f. JLL worked on behalf of DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance
Done deal: Enough reasons to invest, develop and expand - by David Kirk
September 16, 2022
Not so fast. Inflation, hybridization, recovery, recession, COVID, credit crunch. All works in progress. Evolution, revolution, innovation. The deal has not yet gone down. Both upside and downside risks, that balance, for many, establish a stability with
The Bravitas Group hires Brian Silver as managing director
September 16, 2022
Montclair, NJ Brian Silver has joined The Bravitas Group, Inc. as managing director, acquisitions and strategic initiatives. Brian will work closely with his father Robert, co-founder and CEO of the firm, which specializes in the adaptive reuse of architecturally interesting buildings.
Workplace culture: Impacts on office use - by Daniel Calano
September 16, 2022
The discussion of office work vs. hybrid work, is not new, but has been accelerated since the beginning of the pandemic. It has been debated in studies and news, seemingly forever. The difference now is that it is not just talk… hybrid is mandatory
Things that appraisers do right - by Bill Pastuszek
September 16, 2022
Appraisers have been under some heat in the recent past. And, the heat, if this summer is any predictor, is not likely over. But today we’re going to focus on something more useful – things that appraisers do well.
North Easton Savings Bank named a Top Bank in Massachusetts by Forbes
September 16, 2022
Easton, MA For the 2nd consecutive year, North Easton Savings Bank has been named by Forbes as a top-ranked bank in Massachusetts on Forbes’ most recent listing of America’s Best Banks and Credit Unions
Newmark represents Atlantic Management in $96.5m financing
September 16, 2022
Westborough, MA Newmark has arranged $96.5 million in financing for 50 and 54 Otis St., two industrial assets that are located less than 35 miles west of Boston. Newmark co-head of U.S. Capital Markets Robert Griffin,
Quonset named sixth best industrial park in America - by Steven King
September 16, 2022
Quonset has been a top economic generator for Rhode Island for many years, and the national recognition of that success continues. Recently, we were again ranked the sixth best industrial park in America by Business Facilities Magazine.
Proposed residential development options abundant in Warwick - by Frank Picozzi
September 16, 2022
In recent months, the city has seen a variety of proposals that will increase Warwick’s housing stock and hotel offerings: a 122-room WoodSprings Suites Extended Stay Hotel, 56 townhouse-style and 19 single-family style dwellings now under construction, 238 apartment units that have been approved
Northmarq closes $15.2 million refinance for Maine retail and industrial portfolio
September 16, 2022
Bangor, ME Ed Riekstins, managing director, and Daniel Karp, vice president of Northmarq’s Boston debt/equity team, finalized the $15.2 million permanent-fixed loan for a Maine retail and industrial portfolio.
MAB Community Services receives $13m financing from Rockland Trust
September 16, 2022
Westwood, MA Rockland Trust has provided over $13 million in financing to MAB Community Services (MAB) to purchase sixteen group homes, which have been leased to house individuals MAB has served for as long as 18 years
EagleBridge Capital facilitates $4.4m mortgage financing for retail and apartment properties in New ...
September 16, 2022
New Canaan, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $4.4 million for a group of retail and apartment properties located in downtown. The financing was arranged by EagleBridge director
Company of the Month - Hayes & Sherry transitions to new ownership - Longtime partners Fair, Greene ...
September 16, 2022
Providence, RI Providence-based Hayes & Sherry, the region’s leading full service commercial real estate brokerage firm, has made a change in ownership. Founding owners Pete Hayes and Karl Sherry have sold the company to partners, Matt Fair, Bill Greene, and Dave Lucivero.
Fantini & Gorga arranges $12.5 million first mortgage for redevelopment of One Wheeler Rd., Burlingt...
September 16, 2022
Burlington, MA Fantini & Gorga has arranged $12.5 million first mortgage for the redevelopment of One Wheeler Rd. To be called Gateway Burlington, the subject will consist of a two level, on grade
Cornerstone Realty Capital places $10.25 million in financing for 65-unit mixed-use property in Mald...
September 16, 2022
Malden, MA Cornerstone Realty Capital arranged $10.25 million for the refinance of 54-72 Summer St., a 65-unit mixed-use property consisting of 54 apartments and 11 commercial retail units.
Pawtucket arts festival celebrates the past, present and future - by Donald Grebien
September 16, 2022
The city of Pawtucket is buzzing with so much activity going on; the completion of the $47 million Pawtucket-Central Falls Transit Hub, the development of the $44 million Dexter St. Commons, the construction of a new public safety center, the continuation of construction at Tidewater Landing that will
City of East Providence launches storefront improvement program - by Roberto DaSilva
September 16, 2022
East Providence is offering vital funding to qualified businesses to enhance their storefronts utilizing funds awarded to the city by the American Rescue Plan Act (ARPA) in response to the COVID-19 pandemic. Small businesses were hit especially hard by the pandemic and the ensuing changes to the retail
Kern of Sweeney Real Estate & Appraisal brokers two building sale - $700,000
September 16, 2022
Cranston, RI Jay Kern of Sweeney Real Estate & Appraisal represented Edward and Judith McDonough in the sale of 20, 22 & 0 Rolfe Sq. The site was purchased by L&C Investment Group, LLC for $700,000.
Alves and Fox of Elite Group at KW Commercial sell 9-units at 394 Metacom Ave. for $715,000
September 16, 2022
Warren, RI Michael Alves of the Elite Group at KW Commercial sold 394 Metacom Ave. on behalf of the seller David Sequino for $715,000. Robert Fox of the Elite Group at KW Commercial acted on behalf of the buyer Michael Preshman.