Weston, MA Newmark has arranged financing for Riverside Labs, a life science and innovation campus that is under development.
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 .
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.
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.
Boston, MA REFA hosted a sold-out education program on Wednesday, October 19th 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.
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.
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.
When you need money, you go to the bank cash machine, leave the car running, type in your pin, get how many hundreds or thousands you need. If you need more you go into the bank, refinance your home mortgage, or pile on a second mortgage or HELOC.
The Federal Open Markets Committee (FOMC) raised interbank guidance rate. Now at 4.5% after six rate increases, four of which were big increases, with puffy clouds in the skies, rippling in the ponds and whispering headwinds.
Like-kind exchanges have been occurring in some form or fashion for over 100 years. More recently codified as a 1031 exchange, real estate investors continue to actively defer taxes when selling investment property and replacing it with other property.