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Foncellino Team of Coldwell Banker Commercial sells 9,500 s/f for $450,000
May 13, 2022
Hopkinton, RI The Foncellino Team of Coldwell Banker Commercial listed and sold two buildings in the village of Ashaway at 440 Main St. for $450,000. The seller was the Elaine Johnson Trust and the buyer was Stanton Terranova.
Should commercial real estate fear rising interest rates? - by Bill Pastuszek
May 13, 2022
Maybe housing is in a bubble. Some think so. The Dallas Fed was blunt in its assessment: “U.S. house prices are again becoming unhinged from fundamentals.” But their researchers don’t think it would be a repeat of the Great Recession/Housing Crash of 2008.
Sweeney Real Estate & Appraisal sells two multi-tenanted industrial mills for $6.25 million
May 13, 2022
Pawtucket, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented the sellers in the sale of 250 Esten Ave. and 541 Pawtucket Ave. The two properties had a combined square footage of 239,200 s/f. The two renovated industrial mills
Shri development revitalizes the commuter rail neighborhood - by Donald Grebien
May 13, 2022
It started in 2010 when Alison Bologna, a Pawtucket resident and local news anchor at NBC 10, decided to open a yoga studio in one of our empty downtown storefronts. She named it “Shri Studio” with the intention of bringing light
City of East Providence has the tools to help small businesses - by Victor Regino
May 13, 2022
The city of East Providence is working to minimize the economic losses from the COVID-19 Pandemic while taking full advantage of economic growth opportunities that lie ahead. As a new member of the East Providence Planning and Economic Development department
East Cambridge Savings donates to humanitarian relief orgs. for Ukraine
May 13, 2022
Cambridge, MA East Cambridge Savings Bank made donations to two organizations providing vital services to people displaced by the ongoing conflict in Ukraine. Doctors Without Borders in the United States and World Central Kitchen
Cornerstone Realty Capital arranges $6.3m in financing for four medical office condos
May 13, 2022
Middlebury, CT Cornerstone Realty Capital arranged $6.3 million in financing for the acquisition of four medical office condos.
The Village Bank hires Bunnag as branch manager
May 13, 2022
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Mark Bunnag has been hired as assistant vice president/Nonantum branch manager.
Lument launches Boston agency production office
May 13, 2022
Boston, MA According to Lument, managing director Brian Sykes will head the company’s new office. Sykes will lead a local team responsible for originating agency loans and proprietary capital for institutional
Groblewski and Monahan of Fantini & Gorga arrange $3.478 million financing
May 13, 2022
Swampscott, MA Fantini & Gorga arranged a $3.478 million first mortgage for 430 Paradise Rd., a 8,450 s/f neighborhood strip center. Senior managing director Casimir Groblewski and analyst Colin Monahan arranged the financing for a long-standing client, a Boston-based real estate investor.
Bregman of Bregman & Co. joins Essex Financial as investment advisor representative
May 13, 2022
Essex, CT According to Essex Financial, Owen Bregman, CPA, has joined the firm as an investment advisor representative. He is the managing partner of Bregman & Company P.C. with offices in Stamford and Avon.
Middlesex Federal Savings names Barrett as senior vice president and senior loan officer
May 13, 2022
Somerville, MA Middlesex Federal Savings has appointed Leo Barrett, Jr., as senior vice president and senior loan officer. He will replace Peter Bazzinotti, who will be retiring after a transition period.
M&T Realty Capital Corp. closes $51.579m senior housing loan
May 13, 2022
Hartford, CT M&T Realty Capital Corp. has closed $51.579 million in Fannie Mae Seniors Housing loans for the acquisition financing of a seniors housing portfolio, on behalf of White Oak Healthcare REIT and Everbrook Senior Living.
Citizens arranges $193.76 million loan for the development of a 262,468 s/f life science campus
May 13, 2022
Boston, MA Citizens 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
EagleBridge Capital places $7.8 million financing for a mixed-use complex
May 13, 2022
Westport, CT EagleBridge Capital, working exclusively on behalf of its client, has arranged construction/permanent mortgage financing in the amount of $7.8 million for 785 Post Rd. East.
Executive Profile: Lattanzi, managing partner at Semper Partners R.E.
May 13, 2022
www.semperpartnersre.com was set up to help today’s small to mid-sized real estate developer with the crucial steps of finance relationships needed to build his/her projects.
North Easton Savings Bank promotes Green and St. Andre to assistant vice presidents
May 13, 2022
Easton, MA North Easton Savings Bank has promoted Jason Green to assistant vice president, commercial loan portfolio manager. In his new role, Green will be responsible for managing a portfolio of existing commercial and private banking relationships
Rockland Trust and Newburyport Bank provide $30.6 million to MINCO Development for the construction ...
May 13, 2022
Newburyport, MA Rockland Trust partners with Newburyport Bank to provide a $30.6 million loan to MINCO Development Corp. for the construction of their energy-efficient Passive Housing residential development, Newburyport Crossing at Three Boston Way.
Rockport Mortgage closes $42.4 million in financing for Market Mill Apartments - will preserve affor...
May 13, 2022
Lowell, MA Rockport Mortgage has completed the closing of a $42.4 million, HUD Section 223(f) refinance loan. The transaction will preserve affordability at the rental housing development for 39 years.