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Moody's upgrades East Providence rating; City on secure financial footing

East Providence, RI While some municipalities in our state and throughout the world are facing financial hardship, the City of East Providence has received positive news from Moody’s Investors Service. East Providence has been upgraded to an A1 rating,

Cornerstone Realty Capital arranges $7.6 million financing for Hilltop Garden Apartments

Leominster, MA Cornerstone Realty Capital has arranged $7.6 million for the acquisition of a 120-unit apartment property. Known as Hilltop Garden Apartments, the property consists of a unit mix of five studio units

Novaya Real Estate Ventures, LLC and Hawk Properties complete the sale of 55 Tech. Dr.

Lowell, MA A joint venture between Novaya Real Estate Ventures, LLC and Hawk Properties has completed the sale of 55 Technology Dr. to Legacy Real Estate Ventures. The property consists of an 89,004 s/f, two story office and flex building.

JLL arranges $19.35 million sale and $13.32 million financing for 45 Holton St., a 180,000 s/f warehouse building

Winchester, MA JLL has closed the $19.35 million sale of and arranged $13.32 million in acquisition financing for 45 Holton St., a 180,000 s/f, fully leased industrial warehouse building.

Cyrier and Saulnier of MANSARD represent Taurus Investment Holdings in $1.5 million sale

Dighton, MA Taurus Investment Holdings sold off a 550,000 s/f industrial/warehouse/manufacturing complex on 40.5 acres from its portfolio for $1.5 million. Jeremy Cyrier, CCIM, and Taylor Saulnier of MANSARD Commercial Real Estate represented the seller.

NEREJ’s One-on-One with Rick Kaplan

Norwell, MA New England Real Estate Journal launched a new YouTube show called NEREJ One-on-One with Rick Kaplan. They will be producing one interview weekly and you can find the show @ NEREJ One on One.

1031 Exchanges and Like-Kind Real Estate Interests - by Bill Lopriore

Internal Revenue Code Section 1031 allows for the deferral of capital gain tax if property held for productive use in a trade, business or for investment is exchanged for property of “like-kind.” For real estate, the definition of “like-kind” is quite broad.

Nery of Coastal Commercial Real Estate handles sale of 3,000 s/f

New Bedford, MA Coastal Commercial Real Estate has completed the sale of the commercial warehouse building located at 13 Edward St. The final sale price was not disclosed.

AKF Group earns National Recognition Award for exemplary achievement in ACEC 53rd annual Engineering Excellence Awards

New Haven, CT AKF Group has earned a National Recognition Award for exemplary engineering achievement in the American Council of Engineering Companies’ (ACEC) 53rd annual Engineering Excellence Awards (EEA) for its role in the renovation of the Manuscripts and Archives space at Yale University

Benskin names COO at WinnResidential

Boston, MA WinnCompanies has appointed executive vice president Terri Benskin as COO of its property management arm, WinnResidential, as part of the company’s plan to reinforce operational excellence while continuing