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The Peabody Companies reaches 15,275 unit milestone
July 8, 2022
Braintree, MA The Peabody Companies has realized a milestone with 15,275 units under its management and nearly 600 team members.
Aho Properties sells Westborough, MA industrial building for $1.537 million - 24,696 s/f on 2.78 acr...
July 8, 2022
Westborough, MA Joel Aho, president of Aho Properties, represented the seller and procured the buyer directly in the sale of 62 Hopkinton Rd. for $1.537 million.
Gordon Brothers and Ciminelli Real Estate acquire 93,500 s/f building for $19.8 million
July 8, 2022
Andover, MA Gordon Brothers, in a joint venture with Ciminelli Real Estate Corp., has acquired a 93,500 s/f research and development building on 7.4 acres for $19.8 million.
Gearing up for REFA’s summer programming
July 8, 2022
Boston, MA On Wednesday, June 29th, REFA Emerging Leaders gathered for a Happy Hour at The Landing in downtown. On July 26th, the REFA Emerging Leaders are hosting a Property Tour of 212 Stuart St.
Reckoning with recession - by David Kirk
July 8, 2022
The economic trends are a starting point for any strategy. Because time and the current dynamics in the market are pressing change, any reckoning is complicated and even short-term forecast challenging. The Fed has put emphasis on
Economy update… “it’s messy out there.” - by Daniel Calano
July 8, 2022
Last month I wrote about inflation and its impact on real estate. It was fairly obvious that interest rate increases by the Fed was going to be the main tool to soften inflation. But it was also clear there were other variables which
The Netflix series "Ozark" and eminent domain - by Anthony Alderman
July 8, 2022
If you’re a fan of Netflix’s “Ozark,” you might remember when eminent domain was featured as a major plot device in season two. (If you’ve not seen the second season, please be warned that the following contains
Summer musings, possible misgivings - by Bill Pastuszek
July 8, 2022
>Coming out of a nicely timed and sorely needed July 4th holiday, we move right into the heat of the summer. I looked at a July 4th article from 2017 and thought it might be fun to do some “that was then, and
Eastern Bank provides $14 million loan to The Arts & Business Council of Greater Boston
July 8, 2022
Lowell, MA Eastern Bank has placed a $14 million loan to the Arts & Business Council of Greater Boston for its purchase of the Western Ave. Studios & Lofts (WASL). The WASL complex includes 240,000 s/f of space,
JLL Capital Markets arranges $39.1m in construction financing for 38 Upton Dr. development
July 8, 2022
Wilmington, MA JLL Capital Markets has arranged $39.1 million in construction financing for the development of 38 Upton Dr. at Upton Crossing. The project will encompass two industrial/R&D facilities consisting
Understanding preferred equity in real estate - by Victor Lattanzi
July 8, 2022
What is preferred equity real estate financing? Many investors, capital providers, and real estate developers use the term ‘preferred equity’ often. But what exactly does it mean, and what’s its utility when it comes to funding
M&T Realty provides $35 million financing for The Platform Sono
July 8, 2022
Norwalk, CT M&T Realty Capital Corp. has closed a $35 million Freddie Mac Optigo conventional loan for the refinancing of The Platform Sono, a 122-unit apartment complex.
Dunn, Phaneuf and Falese of Berkadia handle sale and secure $24.37 million financing for The Bixby
July 8, 2022
Haverhill, MA Berkadia has competed the sale of and financing secured for The Bixby, a 128-unit high-rise multifamily property. Managing director Adam Dunn and senior managing director Chris Phaneuf of Berkadia Boston
Fantini & Gorga places $38 million for Country Glen Apartments, Groton, CT
July 8, 2022
Groton, CT Fantini & Gorga has placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on a 30-acre campus.
Muller of Eastern Union secures $83.8 million in financing for two multifamily properties
July 8, 2022
Amherst, MA Michael Muller, a senior managing director with Eastern Union, has arranged a total of $83.8 million in financing in support of The Boulders, a 256-unit, multifamily property in Amherst, and Cliffside Apartments, a 280-unit property in Sunderland, Mass.
Arpin International Group promotes Cole, Amatucci, and Bannon
July 8, 2022
West Warwick, RI Arpin International Group promoted Tracy Cole, Kevin Amatucci, and Karen Bannon. “Tracy, Kevin, and Karen all have a lot in common: hard work, smarts, willing to change, adapt, and
Conway and Monaco of Mott & Chace sell 50 Skating Pond Lane
July 8, 2022
North Kingstown, RI Mott & Chace Sotheby’s International Realty said that the Tuscan Villa estate at 50 Skating Pond Ln. sold for $1.875 million. Donna Conway, sales associate, and Bettina Monaco, sales associate: both of Mott
Quonset Business Park also offers recreational spaces and amenities - by Steven King
July 8, 2022
Quonset Business Park is New England’s premier business park and one of the largest in the Northeast. Home to more than 200 companies, over 12,000 people work at Quonset in a wide variety of industries. The business park spreads across more than 3,200 acres that includes world-class transportation
City of Warwick issues Request for Proposals - by Frank Picozzi
July 8, 2022
Several years ago, the Warwick school committee consolidated some schools, and, as required by city charter, returned their care and custody back to the city. The city has begun issuing Requests for Proposals (RFP) for these properties. In May, the city council approved
Alves of Elite Group at KW Commercial sells 216 Wood Ave.
July 8, 2022
Woonsocket, RI Michael Alves of the Elite Group at KW Commercial sold 216 Wood Ave. on behalf of Joel Alleyne seller and Robert Fox on behalf of Anthony Giuliani buyer. Elite Group acted on behalf of both the buyer and seller.