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Category: Finance
Kelly of CBRE secures $68m first mortgage financing for the recapitalization of Hub 25
February 8, 2019
Boston, MA The CBRE Capital Markets team has secured $68 million in first mortgage financing for the recapitalization of Hub 25, a 278-unit apartment community located at 25 Morrissey Blvd. The owner, Qianlong Morrissey LLC, is a premier owner and developer within the New England market.
NorthMarq promotes Chase to managing director of Boston office
February 8, 2019
Boston, MA The Boston regional office of NorthMarq has promoted Michael Chase to managing director. In his new role, Chase will collaborate with managing director, Ed Riekstins, to co-lead the 12-person office as it continues to serve the entire New England region
Raising the appraisal threshold: Does this make sense? by Bill Pastuszek
February 8, 2019
From the Federal Register, Vol. 83, No. 235, Friday, December 7, 2018: “The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000.” With me so far?
Jensen, Logue, Walsh and Manfra oversee new Integra-Boston office
February 8, 2019
Thomas Jensen, MAI, a seasoned commercial real estate appraisal industry veteran who joined IRR more than two decades ago, will lead the new office as senior managing director, along with Emmet Logue, MAI, CRE, executive director; Christopher Walsh, MAI, director; and Jeremiah Manfra, MAI, director.
A fresh start to the legislative year for MBREA - by Cohen and Sousa
February 8, 2019
The Massachusetts Legislature launched the 191st General Court on January 2. The senate will be led by Karen Spilka while the house will be led by Robert DeLeo. Committee leaderships and assignments have not been announced.
Vermont: Continued growth for the apartment market - by Brad Minor
February 8, 2019
After decades of under-supply, the Chittenden County apartment market has experienced a boom in new construction over the past five years. Since 2014, an average of 461 new apartments were built per year, which is three times the average annual growth rate between 2000 and 2010.
Economic Outlook and Real Estate Trends 2019 program - by Greg Curtis
February 8, 2019
On Tuesday, January 29th at the Federal Reserve Boston, the Massachusetts and Rhode Island Chapter of the Appraisal Institute held the annual Economic Outlook and Real Estate Trends 2019 program.
New resilience and traditional basics for 2019 - by David Kirk
February 8, 2019
Early recaps, wrap-ups and forecasts for commercial real estate are strong and measured. Fundamentals were stable to strong in 2018 and so were the first three quarters of 2018 for commercial real estate. The Fed has finally paused on rates and focused with transparency on its oversized balance sheet.
Citizens Commercial Real Estate Finance team handles $150 million construction loan for Bulfinch
February 8, 2019
Cambridge, MA According to Citizens Bank, the Citizens Commercial Real Estate Finance team is leading a $150 million construction loan for Bulfinch, to build a new 270,000 s/f lab building and 383 space standalone garage at Cambridge Discovery Park (CDP) known as Building 400-500.
Welch, Coppola, Poole and Jenkins of Colliers International arranges $115 million financing for Atla...
February 8, 2019
Revere, MA Colliers International’s Capital Markets group has arranged $115 million in bridge financing for Atlantic Management and VMD Cos. to refinance the 826,000 s/f former NECCO candy manufacturing facility located at 135 American Legion Hwy.
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