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Suffolk hires Rango as west region president

Boston, MA  Suffolk has hired Tony Rango as president of Suffolk west region. Rango will be responsible for leading Suffolk operations in its existing markets of San Francisco, Los Angeles and San Diego and expanding

Rockport Mortgage Corp. handles $9 million financing for Lowell Belvidere Apartments - managed by Peabody Properties

Lowell, MA Rockport Mortgage Corp. completed the closing of an FHA Section 223(f) refinancing loan totaling $9 million for the Lowell Belvidere Apartments. The property is managed by Peabody Properties

IBEW Local 103 donates 20,000 PPE masks to front-line nurses

Boston, MA Amidst a dire, statewide shortage of critical medical supplies, the region’s largest electrical workers’ union, IBEW Local 103, has donated 20,000 medical-grade protective masks to the Massachusetts Nurses Association (MNA) for direct distribution to front-line caregivers at Brigham and Women’s Hospital.

EBI Consulting relocates Quincy, Mass. office

Quincy, MA EBI Consulting has opened their new office. Having outgrown their original office in the city, opened in 2012, the company has relocated the regional office to a larger facility in the same city. The new facility located at 2 Batterymarch Park

Virus 2020 - Companies rise to challenge - by Stanley Hurwitz

When a business and brand are associated with worthy causes, it makes a powerfully positive impression. It helps Coca Cola’s brand when they sponsor sports teams and the Olympics. It’s good PR when Amgen’s cardio drugs support the American Heart Association. 

Jefferson Apartment Group completes $103.6 million sale of Jefferson One Upland

Norwood, MA Jefferson Apartment Group (JAG) completed the sale of Jefferson One Upland for $103.6 million, marking the first sale in JAG’s Income Fund. The community was acquired through a joint venture with KKR and JAG in 2017.

Boyle of Chozick Realty, Inc. facilitates $460,000 apartment sale

Plymouth, CT Tom Boyle of the Hartford office of investment broker Chozick Realty, Inc., has facilitated the sale of Burnham Street Apartments, located at 11 Burnham St. This eight-unit property brought a price of $460,000.

The Boston Foundation has awarded $1 million in rapid response grants

Boston, MA According to The Boston Foundation, one of its donor advised funds has awarded $1 million in rapid response grants to meet the needs of children impacted by school closings due to the COVID-19 crisis.

Basile of Lila Delman Real Estate brokers $1.337m sale of 4,186 s/f property

Providence, RI Lila Delman Real Estate continues to drive market activity during these unique times, as is evidenced by the sale of 53 Stimson Ave. on the East Side of the city for $1.337 million.

IRS notice extends 1031 Exchange deadlines - by Lynne Bagby

Many New England real estate investors seeking tax deferral in a 1031 exchange or contemplating a sale of an investment property in the near future and intending to perform a 1031 exchange have been anxiously awaiting guidance from the IRS on the impact of the COVID-19 pandemic