The 50% Rule refers to the limitation that a homeowner can spend when renovating or repairing a dwelling that is located in a flood zone. More specifically, FEMA allows for repairs, renovations and/or improvements that don’t exceed 50% of the contributory value of the structure and appurtenances.
About six months ago, or so, Artificial Intelligence was new news, with both hope and promise. It was predicted the progress would show results within a few years. The main question afloat was whether AI would improve worker and company productivity, or would it ultimately reduce the need for workers.
Boston, MA Preparations have begin for the 37th Annual REFA Gala. Sponsorships and tickets are available for the 37th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring National Development with the Swain Distinguished Service Award.
Boston, MA Whether you’re an experienced commercial real estate professional or new to the industry, Boston University’s program equips you for greater success.
Norwalk, CT Atlantic Capital Partners Debt and Equity Platform has completed the closing of a $23 million refinance on behalf of Hall Investments, secured by a long-term Lowe’s ground-lease located at 100 Connecticut Ave. The refinancing was executed at a fixed interest rate of 5.17%.
Hanover, MA Rockland Trust has made three promotions within its business banking group. These changes reflect the team’s continued growth in size and strategic scope.
Boston, MA JLL?Capital Markets has arranged $132 million in financing for The Viridian, a 342-unit luxury multifamily community with fully leased ground-floor retail in the city’s Fenway neighborhood. JLL worked on behalf of the borrower, The Abbey Group,
Lowell, MA MassDevelopment has issued an $11.325 million tax-exempt bond on behalf of The Finishing Trades Institute of New England Trust (FTINE). A nonprofit affiliate of District Council 35 of the International Union of Painters and Allied Trades, FTINE is a postsecondary educational
Lowell, MA Hunneman has closed financing for Isobel Lofts, a 26-unit multifamily redevelopment currently under construction in downtown. The firm worked to facilitate financing on behalf of the project’s developer, Nine Zero Two Development, a boutique real estate development company
Derry, NH Newmark has arranged a $143.1 million financing loan for The Fairways, an 849-unit class B apartment complex located at 1 Forest Ridge Rd. Vice chairman Ed Belz arranged the funding on behalf of landlord Makor Capital (Makor), a multifamily owner with numerous assets throughout New Hampshire and Massachusetts.
Canton, MA Gray, Gray & Gray, LLP, an accounting and business consulting firm, has been included among the 100 largest privately held companies in Massachusetts by the Boston Business Journal. The firm is ranked 99th with annual revenues of $38 million.
Old Saybrook, CT Worth Avenue Capital, LLC (WAC) has closed a $1.6 million commercial loan for a Connecticut-based law firm. The loan proceeds were used by the borrower to purchase a luxury property in the town, for $3.4 million. This loan is secured by a first mortgage on the aforementioned property with an underlying LTV of 47%.