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Newmark completes seven leases for Drucker at 211 Congress St.
August 19, 2022
Boston, MA Newmark has completed seven leases totaling more than 30,000 s/f at 211 Congress St. in the city’s Financial District. Newmark senior managing directors Jason Cameron and Jim Brady and associate Liam O’Connor serve as exclusive leasing advisors
CVE North America and Live Oak Bank close $6.6 million debt financing for two solar projects in Acus...
August 19, 2022
Acushnet, MA CVE North America (CVE) and Live Oak Bank (Live Oak) have closed a permanent debt financing of $6.6 million for two projects totaling 4.2 megawatts (MW). Over the last two years, CVE has partnered with Live Oak for permanent debt financing on its portfolio
Girolamo of Horvath & Tremblay brokers $4.394m mixed-use sale
August 19, 2022
Beverly, MA Stephen Girolamo of Horvath & Tremblay arranged the sale of 188 Cabot St. The historic property sold for $4.394 million, a per unit price of $274,672.
City Realty Group hires Flynn as vice president of marketing, public relations and social media
August 19, 2022
Boston, MA City Realty Group (CRG), a community-focused real estate development company, has hired Maggie Flynn as the vice president of marketing, public relations and social media. Flynn brings more than a decade of marketing experience to her new role.
Gray, Gray, & Gray, LLP named as one of the Top 200 accounting firms
August 19, 2022
Canton, MA Gray, Gray, & Gray, LLP, a certified public accounting and business advisory firm, has been named one of the country’s Top 200 accounting firms by INSIDE Public Accounting magazine.
Brady Sullivan Properties sells the Indian Head Bank building in downtown Nashua property for $1.6 m...
August 19, 2022
Nashua, NH Brady Sullivan Properties sold one of downtown’s most recognized landmark properties. Commonly referred to as the Indian Head Bank building, 146-150 Main St. consists of over 18,000 s/f and features period architecture
R.W. Holmes Realty negotiates $17.59 million building sale to MathWorks - sold by LMF Cochituate Co...
August 19, 2022
Natick, MA R.W. Holmes Realty has negotiated the sale of a 107,300 s/f office building for $17.59 million. MathWorks, a leading developer of mathematical computing software, purchased Cochituate Place located at 24 Superior Dr.
Real Estate Finance Association hosts golf tournament and summer panel & reception
August 12, 2022
Boston, MA REFA hosted its Annual Charitable Golf & Tennis Tournament on Monday, July 18th at Dedham Country & Polo Club, benefiting FamilyAid and Rosie’s Place.
Boston Realty Advisors arranged $33.152 million in debt financing
August 12, 2022
Allston, MA Boston Realty Advisors arranged $33.152 million in debt financing on two properties, a 32-unit Allston apartment building with retail on the ground floor and a 102-unit Marlborough, Mass.
Newmark arranges $514 million in financing for Phase I of Assembly Innovation Park - a 485,000 s/f d...
August 12, 2022
Somerville, MA Newmark completed the arrangement of $514 million in construction financing for Phase I of Assembly Innovation Park, a 485,000 s/f life science tower that is under development by BioMed Realty.
Recession and Recovery - by David Kirk
August 12, 2022
The Counselors of Real Estate will crack the code at the annual meeting in Boston September 11-14. Cheers, Chowder and Change promises a current comment on ground zero. Cash is loaded in a cluster of barrels, all prepared to unload.
Housing conundrum: Conflicting policies - by Daniel Calano
August 12, 2022
How do we make housing more affordable? Simple answer: We can’t...at least for now. It’s a tough question with complicated answers, in large part because well intentioned policies are working against each other.
CT real estate taxes – What? Really!? Why?
August 12, 2022
This isn’t another article complaining of high taxes in CT. They are quite high, fourth in the nation behind New Jersey, Illinois, and New Hampshire. That’s clearly the fault of liberals who want to spend too much, conservatives that don’t want to govern, and our fellow citizens who can’t be bothered to either pay attention or vote. It’s also not because of those things at all.
Summertime: Is the living easy? - by Bill Pastuszek
August 12, 2022
It’s the middle of the summer. A bit of a drought here in Mass. Some heat in the last couple of weeks but considering that one could have been in Paris in July or Phoenix almost any time, it hasn’t been too bad.
The Village Bank to offer $10,000 Great Giveaway
August 12, 2022
Newton, MA Joseph De Vito, president and CEO of The Village Bank, has announced a summer promotion called The Great Giveaway, which offers customers the chance to win $5,000 for themselves and $5,000 for a charity of their choice.
Welch rejoins Eastern Bank as senior VP
August 12, 2022
Boston, MA According to Eastern Bank, Brian Welch has rejoined the organization as senior vice president, team leader in the commercial real estate division. Welch’s career spans roles in commercial real estate lending with a range of clients
Worth Avenue Capital closes $1.35 million commercial loan
August 12, 2022
Greenwich, CT Worth Avenue Capital, LLC (WAC) closed a $1.35 million commercial loan to a real estate investor for the purpose of purchasing a commercial condominium in Greenwich. This real estate investor is one of WAC’s existing borrowers
East Cambridge Savings Bank and Patriot Community Bank officially complete merger
August 12, 2022
Cambridge, MA East Cambridge Savings Bank has completed the acquisition of Woburn-based Patriot Community Bank, effective August 1st. East Cambridge Savings Bank will continue to operate the former Patriot Community Bank location at 237 Lexington St.
Rockland Trust provides $4.5m acquisition financing to Hajjar Mgmt.
August 12, 2022
Salem, MA Hajjar Management Co., Inc. secured $4.5 million from Rockland Trust for the acquisition of the historic inn, The Merchant. Hajjar has a long-standing reputation for developing and managing successful commercial and residential properties in New England.
Fantini & Gorga places $23.04 million for mixed-income apartments in Portland, ME
August 12, 2022
Portland, ME Fantini & Gorga has placed $23.04 million in permanent financing for Danforth Heights, a 166-unit mixed-income multifamily apartment complex located between the city’s historic district and waterfront. The loan was placed with Fantini & Gorga’s correspondent, Eastern Mortgage Capital, a national MAP Lender