Financial Digest

Cornerstone Realty Capital arranges $58 million for a 269-unit Quarry Hills - a 100% market-rate apartment community

Quincy, MA Cornerstone Realty Capital arranged $58 million in financing for the construction of Quarry Hills, a 269-unit 100% market-rate ap...

Coulombe and Feig of Fantini & Gorga arrange $2.8 million financing for a 36,660 s/f flex/industrial property

Shrewsbury, MA Boston-based Fantini & Gorga arranged $2.8 million in first mortgage financing for a 36,660 s/f, flex/industrial property...

First exposure draft of proposed USPAP changes to reporting requirements - by Bill Pastuszek

The Appraisal Standards Board has issued the first exposure draft of proposed USPAP changes for the 2020-21 Edition of the Uniform Standards of Professional Appraisal Practice (USPAP). Sorry, this is important: don’t stop reading.

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...