Financial Digest

Washington Trust named Best Place to Work

Westerly, RI The Washington Trust Company received the Best Places to Work Award in R.I. by Providence Business News (PBN). The bank was selected as top employer in the Enterprise category, representing companies with 500 or more employees. This is the 13th straight year Washington Trust has been recognized as a top employer.

HarborOne Bank relocates Randolph, MA branch to 19 Warren Street, replacing the current branch located at 245 North Main Street

Randolph, MA In a move that will increase accessibility and convenience for customers, HarborOne Bank is relocating its local banking center to 19 Warren St., formerly home to Café Bella, replacing the current branch located at 245 North Main St.

MassDevelopment issues $25 million tax-exempt bond on behalf of CIL Realty of Massachusetts, Inc.

Boston, MA MassDevelopment has issued a $25 million tax-exempt bond on behalf of CIL Realty of Massachusetts, Inc. (CILRM), a nonprofit real estate developer that is using bond proceeds to buy, construct, and/or renovate 21 community residences in Massachusetts that will provide housing for up to 105 persons

East Cambridge Savings Bank wins New England Financial Marketing Association award

Cambridge, MA East Cambridge Savings Bank received the Gold Award for Best Digital Marketing Campaign of 2022 at the New England Financial Marketing Association (NEFMA) 2023 Spring Conference. The bank’s award-winning Debit Card for Teens campaign was an extensive omni-channel marketing

CATIC forms National Agency Division

Rocky Hill, CT CATIC has formed its National Agency Division. The division will include Kyle Rank, senior vice president, national accounts manager who joined CATIC in January of this year. Joining Rank will be Christine Huff, vice president, national agency manager,

Welch joins Essex Savings Bank as vice president, senior business banking officer

Essex, CT Essex Savings Bank has added Carolyn Welch as vice president, senior business banking officer. “We are pleased that Ms. Welch has joined our expanding business. With over 40 years of experience in banking including over two decades in commercial lending, her experience will be an asset for both

A little at a time: Structuring an installment sale - by Kyle Kadish

Real estate investors maintain an outsized portion of benefits through the Internal Revenue Code versus nearly any other U.S. taxpayer. These opportunities exist through both the operation and eventual liquidation of real property. Even with the multiple options available to investors, many often become paralyzed, refusing to sell at

Gearing up for REFA’s summer programming

Boston, MA On Tuesday, June 20th, at 101 Seaport Blvd., PwC and REFA hosted Perspectives on CRE Valuation in an Uncertain Environment. The panel was moderated by Andrew Alperstein, real estate partner, PwC. Industry experts, Sara Cassidy, managing director, AEW;

JLL arranges $190 million in first mortgage refinancing for WS Development and Nuveen Real Estate

Dedham, MA JLL Capital Markets has arranged $190 million in first mortgage refinancing, led by Wells Fargo and Truist, for Legacy Place, a 675,000 s/f, high-performing, grocery-anchored lifestyle retail center. JLL worked on behalf of the borrower, WS Development and Nuveen Real Estate, to secure the loan through a two-bank syndicate.

Washington Trust provides $3.9m for Berkeley Partners industrial property

Taunton, MA Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Rd.