 (1).gif)
News:
Finance
Posted: October 11, 2024
Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f property
Marlborough, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $9.2 million for 33 Locke Dr.
The mortgage financing was arranged by EagleBridge principal Ted Sidel who said that the loan was provided by a leading regional financial institution.
33 Lock Dr. is a two-story, 61,177 s/f, multi-tenant, office R&D building situated on a 3.91-acre site with parking for 212 vehicles. Tenants include XL Batteries, Communication Technology Services, and Meadowhawk Biolabs.
Locke Dr. is located less than one mile from the Rte. 20 interchange of I-495 (Exit 24), metropolitan Boston’s outer ring circumferential highway. Several office/r & d and industrial buildings are situated along Locke Dr. Located nearby are the Best Western Hotel and Trade Center, the Courtyard by Marriott and a number of corporations including TJX, GE Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle, Lockheed Martin, Boston Scientific, Hologic, Ingersoll Rand, and the Whole Foods Northeast Region headquarters as well as shopping centers, apartment complexes including the 350-unit Avalon Marlborough Apartments, and several additional hotels.
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing.
as well as joint ventures for apartment, industrial, office, flex, and R&D buildings, shopping centers, hotels, condominiums, and mixed-use properties as well as special purpose buildings.
Tags:
Finance
MORE FROM Finance
MassDevelopment issues $9m in tax-exempt bonds to Harbor Health Services Inc.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
 (1).gif)
Quick Hits
Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
