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East Brown Cow, in partnership with Malone Commercial Brokers complete $29.75 million sale of 100 Fo...
June 10, 2022
South Portland, ME East Brown Cow, in partnership with Malone Commercial Brokers, completed the $29.75 million sale of 100 Foden Rd. to Remedy Medical Properties. The 76,672 s/f medical campus sits on 8.4 acres
The Real Estate Finance Association has an educational Spring for members
June 10, 2022
Boston, MA On Wednesday, May 18th, over 150 REFA members tuned into a REFA Fundamentals Webinar on Insurance 101: Property & Liability. Industry experts Mike White, Scott Mateer, and Annie Fleming of Brown & Brown – Specialty Risk Solutions
Gaspee Real Estate Partners merges with J2 Properties - form Gaspee Companies
June 10, 2022
East Greenwich, RI Gaspee Real Estate Partners, a full-service commercial real estate firm focused on development, investment and asset management, has merged with J2 Properties, a Rhode Island-based commercial real estate investment company.
2022 Halfway to…somewhere - by Brett Pelletier
June 10, 2022
We’re halfway through 2022 and I’m not sure most people have even noticed. After what has been the longest staycation of our lives, time now seems to be moving at warp speed. Now that I’ve reflected on what has felt like a nearly unending experiment
Inflation fighting: Impacts on real estate? - Daniel Calano
June 10, 2022
Interest rates are finally increasing. Red hot inflation, now at overall 8-10%, is in the Federal Reserve Bank’s cross-hairs. The Fed increased the short term borrowing rate by .5% in May, with expectations for another raise in June and July.
Foncellino Team of Coldwell Banker Commercial leases 3,200 s/f
June 10, 2022
Cumberland, RI The Foncellino Team of Coldwell Banker Commercial listed and leased two warehouse units totalling 3,200 s/f at 45 Industrial Rd. The tenant was represented by Jim Conway of Conway Commercial.
NAI Glickman Kovago & Jacobs facilitates $6.3 million sale
June 10, 2022
Woonsocket, RI The 50,641 s/f manufacturing building at 1275 Park East Dr. was purchased by Lundgren Equity Partners for $6.3 million.
Sense of the Data - by Bill Pastuszek
June 10, 2022
I know this could be construed as broad generalization, but it’s up here for discussion. Many economic behaviors result from decisions based on
How real estate investors can use 1031 exchanges to build net worth - by Kaston and Starling
June 10, 2022
When looking to sell a property, real estate investors face major tax obligations from the resulting profits of the property being sold. To build their net worth faster, property owners can use the process of a 1031 Tax Deferred Exchange
Gov. McKee tours Flex Technology Park building #5 at Quonset - by Steven King
June 10, 2022
As New England’s leading business park with over 200 companies and 12,900 working here, the Quonset Development Corp. (QDC) team takes pride in providing flexible space options for both existing companies looking to expand and new arrivals to the park.
The case for a career as a commercial real estate appraiser - by Anthony Graziano
June 10, 2022
Finding people to fill jobs seems to be a common problem across industries these days, and the commercial appraisal field is no exception. According to the Appraisal Institute (AI), research shows the number of appraisal professionals has been shrinking at a rate of 2.6% per year for the past several years.
Warwick’s new city hall plaza will reinvigorate existing businesses - by Frank Picozzi
June 10, 2022
A pedestrian plaza. An ice skating rink. A roller rink. A splash pad. An outdoor event space for dances, concerts, food truck nights, recreational activities and so much more – all taking place in the heart of historic Apponaug Village. These family-friendly, community-based activities will soon become a reality, thanks
WAC closes $150,000 commercial loan to a CT-based developer
June 10, 2022
Groton, CT Worth Avenue Capital, LLC (WAC) has closed a $150,000 commercial loan to a CT-based real estate developer who is a repeat customer for whom WAC has funded numerous transactions during the last six or seven years.
MassDevelopment issues $3m tax-exempt bond Cape Cod Collaborative
June 10, 2022
Yarmouth, MA MassDevelopment has issued a $3 million tax-exempt bond on behalf of the Cape Cod Collaborative (CCC), an educational organization that will use proceeds to renovate and equip the former Laurence MacArthur Elementary School located at 1175 Rte. 28.
JLL Capital Markets leads financing of $193.76m construction loan
June 10, 2022
Boston, MA JLL Capital Markets has arranged a $193.76 million construction loan for the development of a new 262,468 s/f life science campus at Parcels O and P in the Raymond L. Flynn Marine Park (RLFMP) in the city’s Seaport District.
New Winters Elementary School expected to open doors this fall - by Donald Grebien
June 10, 2022
With the demolition of the Henry J. Winters Elementary in June of 2020, the state-of-the-art STEAM facility is expected to be completed before this coming school year. The new school, built on the 2.6-acre site of the old facility, will feature three levels and accommodate 643 students in grades pre-K through
The Village Bank hires Sullivan as senior vice president, human resources
June 10, 2022
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Maureen Sullivan, SHRM-SCP, as senior vice president/human resources.
Citizens’ Community Development Group closes $15.6m tax-exempt bond to Caleb Mohawk L.P.
June 10, 2022
North Adams, MA According to Citizens, its Community Development Group closed on a $15.6 million tax-exempt bond transaction to provide construction financing to Caleb Mohawk Limited Partnership, whose sponsor is The Caleb Foundation, Inc.
Walsh of EagleBridge Capital arranges $19.75 million mortgage financing for Darien Crossing
June 10, 2022
Darien, CT EagleBridge Capital has arranged permanent mortgage financing in the amount of $19.75 million for Darien Crossing, a two building office complex.
Major developments progressing - by William Fazioli
June 10, 2022
Persistence prevails when all else fails. Despite headwinds and disruptions in the construction industry, several major development projects recently reached milestones in East Providence. These projects include significant residential developments along with important commercial and industrial expansions.