Financial Digest

Durkin’s last hurrah! Ways to improve appraisal profession - by Roger Durkin

One last blast about what appraisal associations and individual appraisers should be doing to improve the appraisal profession. Here is a partial list: Lobby for a rule of lenity for appraisal regulations requiring that vague and ambiguous rules be

Regenbogen of Arbor funds $12m in student housing transactions

Hartford, CT Arbor Realty Trust, Inc. funded bridge transactions for two student housing properties in Northeastern Connecticut. E...

IRS final rule cites the Uniform Standards of Professional Appraisal Practice

Washington, DC The Internal Revenue Service (IRS) has issued a new rule which governs how cash and noncash charitable contributions should b...

MassDevelopment issues $25m tax-exempt bond for Stonehill College

Easton, MA MassDevelopment has issued a $25 million tax-exempt bond for Stonehill College, a co-educational liberal arts college. Stonehill ...

Cinquegrana joins BayCoast Mortgage Company as senior loan officer

Middletown, RI According to BayCoast Mortgage Company, LLC, Robert Cinquegrana has joined the company as a senior loan officer. In this r...

Banking on Connecticut land banks: A good investment - by Ann Catino

Connecticut land banks require interest, but not necessarily with a steep financial rate attached. In 2017, the Connecticut General Assembly established the authority for one or more municipalities to establish land banks and the interest is

Spiegel Associates completes a $2.5 million acquisition loan

Mattapan, MA Sidney Spiegel of Spiegel Associates, arranged a $2.5 million acquisition loan for a mixed use, retail and office property. The...

McDonald, CFP, joins TFC Financial Management as a senior client advisor

Boston, MA According to TFC Financial Management, an independent, majority employee-owned registered investment advisory and financial ...

Thomaston Savings Bank opens new branch in Watertown, Conn.

Watertown, CT Thomaston Savings Bank celebrated the grand reopening of its new branch with a ribbon cutting ceremony and reception. Attended...

Much agreement on: Top ten issues in real estate - by Daniel Calano

What are the top ten issues affecting real estate? Last month, the Counselors of Real Estate (CRE) provided its annual list of their issues along with their nationally collected thoughts. They nicely divided the issues between five that are current