Financial Digest

Marcone of Marcone Capital, Inc. arranges $48 million in financing

Mike Marcone of Marcone Capital, Inc. has arranged the financing of two office/retail buildings comprising a total of 138,565 s/f located at 3 Post Office Sq. and 24 Federal St.

NELTA’s 48th Annual Convention photo recap

NELTA’s 48th Annual Convention was held at the Gurney’s Newport Resort & Marina on Goat Island in Newport, R.I.,&n...

KeyBank Real Estate Capital originates $17.6 million
in financing for a three-property multifamily portfolio

New Haven, CT KeyBank Real Estate Capital has originated a total of $17.6 million in Fannie Mae financing for a three-property, multifamily ...

Nickerson and Pontes of NorthMarq Capital arrange $15.6 million in construction financing for Harding Green project

Worcester, MA NorthMarq Capital arranged $15.6 million in construction financing for a mixed-use development in the Canal District of the ci...

Fitzgerald joins Melrose Bank as vice president, commercial lending

Melrose, MA According to Melrose Bank, Edward Fitzgerald has joined the bank as vice president, commercial lending. Fitzgerald will help to ...

Cornerstone Realty Capital arranges $12.3 million in financing for 11 properties

Chelsea, MA Cornerstone Realty Capital arranged $12.3 million in financing for a portfolio of properties throughout the city. Andrew Saccone...

People’s United Financial, Inc. to acquire First Connecticut Bancorp, Inc.

Bridgeport, CT People’s United Financial, Inc., the holding company for People’s United Bank, N.A., completed an agreement to ac...

Good construction coverage starts with accurate valuations - by Spencer Macalaster

Before I was in insurance I was in real estate. In those days, when a construction project derailed because of an unforeseen incident like a natural disaster, we’d file a claim and someone on the other end of the equation would write a check to cover a portion of the loss or damage.

Real Estate Finance Association Golf Tournament and gala honorees named

Boston, MA The Real Estate Finance Association (REFA) has named this year’s honorees for the 30th Annual Gala event. David Manfredi, C...

Cryptocurrency: Don’t drink the Kool-Aid - by Paul Dion

Cryptocurrencies like Bitcoin, Bitcash, and Ethereum rest on a foundation of  “blockchain;” a continuously growing public transaction ledger consisting of records called “blocks” that are linked together and secured using cryptography.