North Adams, MA According to MountainOne Bank, Jason Bianchi has joined the residential lending team as assistant vice president, community mortgage lending specialist. Reporting directly to the head of residential lending, Bianchi will work out of the Berkshires, and serve as a member of the bank’s Community Reinvestment Act (CRA) committee.
Chicopee, MA MassDevelopment has issued a $6.543 million tax-exempt bond on behalf of Mental Health Association, Inc. (MHA), which will use proceeds to buy and renovate a 78,378 s/f building at 350 Memorial Dr. where it will relocate its headquarters from Springfield, Mass. and house its mental health programs and residential and support services.
Boston, MA According to developer Millennium Partners, M&T Bank, one of the nation’s largest banks with over $200 billion in assets, has signed a lease for 39,000 s/f of office space at Winthrop Center, a 691-foot mixed-use tower in the city. The energy-efficient office space at Winthrop Center was certified by Passive House Institute as the largest Passive House office building in the world.
The Real Estate Finance Association (REFA) is pleased to be supporting Breaktime and FamilyAid Boston as our Charitable Partners...
Natick, MA Accelerator Biotechnology Incubator (ABI) Labs secured $13.6 million in financing from Rockland Trust for a strategic expansion which will provide additional state-of-the-art lab space and resources research to partnering businesses. ABI-Labs supports
Brookline, MA Colliers arranged the $16 million refinancing of Babcock Place, a newly constructed 45-unit multifamily property in the Coolidge Corner neighborhood of the city. The Colliers team, led by vice president Patrick Boyle, worked with developer Sam Slater of Tremont Asset Management LLC
North Adams, MA MountainOne Bank has promoted Richard Kelly, who has assumed the role of senior vice president, senior commercial risk officer. This newly created position supports MountainOne’s commitment to asset quality while enhancing its loan approval process.
Dedham, MA 1831 Bancorp, the mutual holding company parent of Dedham Institution for Savings (Dedham Savings), and South Shore Bancorp, the mutual holding company parent of South Shore Bank have jointly completed their merger under the 1831 Bancorp, MHC name, effective January 1, 2024.
Easton, MA North Easton Savings Bank has been recognized in the 16
th Annual
Banker & Tradesman Readers’ Poll with two gold medals – one for Best Community Bank and one for Best HELOC Provider.
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
