Financial Digest

Internal Revenue Code §1031 exchange: Closing costs and "allowable" exchange expenses

A frequently asked question is: "What items can be deducted from the exchange proceeds of an exchange transaction without resulting in a tax...

How tax credits can help preserve historic property and promote smarter development

The adaptive reuse of an existing building eliminates the need for ground-up construction, but can still involve substantial costs, particul...

Wagner and Hosmer of Cushman & Wakefield arrange $116 million in acquisition financing

According to Cushman & Wakefield, $116 million in acquisition financing has been arranged for 10 Post Office Sq., an office property situate...

BayCoast Bank opens Providence loan office; Offers commercial lending

BayCoast Bank has officially come to the city, with the opening of a new loan office at 10 Dorrance St., dedicated to commercial lending. Th...

CBRE/NE's Juszczyszyn, Febres-Mazzei, Coutts and Shepard finance $12 million

CBRE/New England's Debt & Structured Finance team secured construction financing for the Fairfield Inn & Suites by Marriott, located at 867 ...

Wittman and King of HFF secure $56.5 million in permanent financing

HFF has arranged $56.5 million in permanent financing for the Residence Inn Boston/Back Bay Fenway, a newly-built, 175-key, extended stay ho...

NorthMarq Capital arranges two loans totaling $7.537 million

NorthMarq Capital has financed the following two area deals totaling $7.537 million. In the first deal, Ed Riekstins, senior VP of NorthMarq...

MacNeil, Adlerstein and Simpson of Meridian Capital Group, LLC handle $16.2 million financing for the Bentley Commons at Keene senior living facility

Meridian Capital Group, LLC arranged $16.2 million in CMBS financing for the Bentley Commons at Keene senior living facility on behalf of Pa...

Marcone of Marcone Capital, Inc. arranges $24 million financing of Dedham Place

Mike Marcone of Marcone Capital, Inc. has arranged the $24 million financing of Dedham Place, a class A, 160,911 s/f office building located...

Herbst from AEW Management draws record crowd for REFA Gala

On Thursday, October 2, over 550 REFA members and guests gathered at the Westin Copley Place for the 26th Annual REFA Gala to honor Pam Herb...