Category: Finance

Boston, MA On May 28th, REFA attended a walking tour of Lyrik Back Bay followed by a networking reception at the citizenM hotel; A destination for work, play, and culture, and a new gateway to the city and a vibrant anchor for the Back Bay neighborhood.

Stonington, CT JLL Capital Markets has arranged $41.5 million construction financing for Stonington Village, a 160-unit mixed-use multifamily and retail development project. JLL worked on behalf of the borrower, READCO, in arranging the five-year,

Boston, MA Colliers has arranged the $34.3 million refinancing of the Custom House Block and Gardiner Building at Long Wharf, a mixed-use office and retail asset located at 66 Long Wharf.

Danbury, CT According to Union Savings Bank (USB) president and CEO Chelen Reyes and chair of the board Lucie Voves, six new corporators have been elected at the bank’s annual meeting.

Templeton, MA MPZ Development LLC (MPZ) and Capstone Communities LLC (Capstone) have closed on the financing of the Baldwinville School Apartments redevelopment project (project). With funding secured, Capstone and MPZ will begin the development process for the town’s first multifamily housing project

North Attleboro, MA Rockland Trust has provided financing to 150 Draper LLC for the construction of a new 40-unit mixed-income multifamily housing complex at 150 Draper Ave. The newly formed 150 Draper LLC is managed and co-owned by Kevin Lobisser of the Lobisser Companies.

Yes, but not the way you may think. Lenders who provide mortgage financing want assurances that their financed projects will be completed in accordance with the approved plans and specifications. The last thing lenders want is to be left with an unfinished project which fails to produce cash flow, especially if repayment of the financing is contingent upon completion of the project.

With apartment vacancy rates low, rents high, home-ownership out of reach for many residents and homelessness rising year after year, many communities in the Northeast are experiencing a housing crisis.

Boston, MA Jeremy Cyrier, CRE, president and commercial real estate advisor of MANSARD of Boston, has been awarded the CRE (Counselor of Real Estate) designation by The Counselors of Real Estate, a global organization of commercial property advisors.

Boston, MA Newmark has hired James Renner as a senior managing director and valuation & advisory (V&A) market leader for New England, including Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. He is based in Newmark’s Boston office.

Boston, MA REFA Emerging Leaders hosted an Executive Insights on March 20th at Tishman Speyer’s Studio Gather, 125 High St. They heard from the 2024 REFA Gala honoree, Paul Nasser, president, Intercontinental Real Estate Corp. He discussed his upbringing,

Over the last several years, I have personally witnessed, and in one case, participated in, the “unwinding” of a residential condominium structure. The reason for, and process of, has often been recent climatic destruction such a hurricane or fire. But, as in the case of the tragic southeast Florida building collapse, it can simply be old age deterioration, outdated building codes,