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Category: Finance
Growth and underwriting: Keep your hands on the wheel - by David Kirk
May 10, 2019
Commercial real estate investment benefits generally from economic growth. Slicing and dicing the data and going deeper than the headlines and sound bites provides greater comfort for the commercial propert
Goedecke & Co., LLC assembles a new team in Westport, CT office
May 10, 2019
Westport, CT Goedecke & Co., LLC, one of New England’s largest privately held mortgage banking companies, has appointed Jay Marshall as executive vice president and Katharine Lombardo
Former trustee and vice president of the MBREA, Russell passes away
May 10, 2019
Boston, MA The Massachusetts Board of Real Estate Appraisers (MBREA) is saddened to note the death of William Russell, RA, a former MBREA Trustee and Officer.
Fed watch: Too consumer price index reliant?
May 10, 2019
There has been a great deal of reporting on the federal funds rate, inflation, and the Consumer Price Index (CPI). In short, they are all related in that the mandate for the Federal Reserve Bank is to optimize employment
Advisra Consulting hires O’Brien as senior analyst and Nichols as analyst
May 10, 2019
New Haven, CT According to Advisra Consulting, Marty O’Brien and Laurie Mentz Nichols, SRA, AI-RRS have joined John Leary, MAI, CRE and Al Franke, MAI, SRA in the firm’s valuation and advisory
Coulombe of Fantini & Gorga arranges $27 million multifamily construction loan
April 12, 2019
Cambridge, MA Fantini & Gorga has placed a $27 million construction loan. The Fantini & Gorga team was led by Derek Coulombe, senior managing director, who together with Tim O’Donnell, executive managing director and Despina Hixon, senior director, arranged the financing.
Sidel of EagleBridge Capital negotiates $2.12 million financing for Yankee Trader Seafood
April 12, 2019
Hingham, MA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $2.12 million for the future home of Yankee Trader Seafood which will be expanding to 80 Sharp St. The mortgage financing was arranged by EagleBridge principal Ted Sidel
M&T Bank closes $105 million financing for development of 100 Shawmut Ave.
April 12, 2019
Boston, MA M&T Bank has closed on $105 million of financing for the development of 100 Shawmut Ave. by The Davis Companies. The existing class B office building will be redeveloped and expanded to a luxury condominium building.
Cornerstone Realty Capital arranges $2.7 million financing for acquisition of a 12,980 s/f retail bu...
April 12, 2019
Marlborough, MA Cornerstone Realty Capital has arranged $2.7 million in financing for a 12,980 s/f retail building for the Bilotti Group Inc. The property currently houses four tenants and is anchored by a Starbucks. Spaces currently range from 1,500 to 7,466 s/f.
Doyle of Larew Doyle & Associates arranges $26 million financing
April 12, 2019
Charlestown, MA Alan Doyle, principal of Larew Doyle & Associates arranged $26 million in leasehold construction/mini-perm financing for the redevelopment of the Ropewalk and Tar House Buildings, located in the Charlestown Navy Yard, to be converted to a 97-unit residential property with a 20% affordability component.
Nazdin of KeyBank Real Estate Capital originates $12.2 million Fannie Mae first mortgage loan
April 12, 2019
Leominster, MA KeyBank Real Estate Capital has originated a $12.2 million Fannie Mae, first mortgage loan for Sunrise of Leominster. Built in 1996, the property is comprised of one, three-story, 70-unit building situated on five acres.
HFF closes sale and financing for The Veranda House Hotel Collection
April 12, 2019
Nantucket, MA Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale and arranged acquisition financing for The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms. HFF represented the private sellers in the sale of the properties to affiliates of Procaccianti Companies.
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