MassDevelopment issues $378.51 million tax-exempt bond on behalf of Northeastern University

Boston, MA MassDevelopment has issued a $378.51 million tax-exempt bond on behalf of Northeastern University, which is using a portion of proceeds to build and equip a new science and engineering complex at 815 Columbus Ave. in the city’s Fenway neighborhood.

REFA hosts 2022 Year-End Celebration and Holiday Party

Boston, MA REFA hosted its Year-End Celebration and Holiday Party on Monday, November 21^st at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on another successful year.

North Easton Savings Bank names Letner as the new chief lending officer

Easton, MA North Easton Savings Bank has welcomed Ralph Letner as their new chief lending officer. With 36 years in the banking industry focused on supporting local and regional organizations, the bank welcomes his significant experience as they gear up for further expansion into the commercial and small business vertical.

Newmark arranges financing for new Riverside Labs development

Weston, MA Newmark has arranged financing for Riverside Labs, a life science and innovation campus that is under development.

Washington Trust’s Commercial Real Estate
Group provides $16.395 million in financing to V20 Group

Darien, CT Washington Trust’s Commercial Real Estate Group provided $16.395 million in financing to a V20 Group-related entity for the acquisition and improvement of a 70,000 s/f office building .

Boston Realty Advisors places $7.54m in financing for two props.

Eliot, ME Boston Realty Advisors has arranged acquisition financing of $7.54 million for two manufactured housing parks in Southern Maine. The two properties financed, part of a single Southern Maine Portfolio, are five miles apart and include Marshwood Estates, at 801-811 Dow Hwy.

EagleBridge Capital arranges $7m financing

Philadelphia, PA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $7 million for a recently-opened NNN leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.

REFA closes out the year with quality in-person programming

Boston, MA REFA hosted a sold-out education program on Wednesday, October 19^th at WilmerHale’s office at 60 State St. 100 REFA members joined us for “Inflation, Interest Rates, and Potential Recession – Their Impact on Commercial Real Estate.” Bryan Mason, Chatham Financial, kicked off the program with an overview of the interest rate environment.

Boston’s industrial market 3Q 2022 - by Bill Pastuszek

The economic landscape has dramatically changed. It seems nothing has changed much since late 2019 but the shifts experienced are big, dramatic, and unsettling. But it all fits a guiding principle: We are certain that change will occur.

Appraisers are critical during uncertain times - by John Nitz

In last month’s interesting NEREJ article, Marc Nadeau, SRA, discussed the volatility of the residential market, including torrid market appreciation over the past two years and, conversely, a recent cause for concern due to rising interest rates.