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Category: Finance
Boston Residential Group secures $90 million in financing to develop 55 India St. on the Greenway in...
October 11, 2024
Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units
Meshacket Commons in Edgartown on Martha’s Vineyard receives $19.75 million financing from Rocklan...
October 11, 2024
Edgartown, MA Rockland Trust has provided $19.75 million of construction financing in partnership with Affirmative Investments, Inc. and the non-profit Island Housing Trust for the development of Meshacket Commons. Located in Martha’s Vineyard’s historic Edgartown, this development
Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f propert...
October 11, 2024
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.
Interest rates - Not so fast! - by William Pastuszek
October 11, 2024
Long awaited, the Federal Reserve dropped the “benchmark” federal funds rate to the 4.75 to 5% range, a 50 basis point drop. The statement from the Fed’s rate-setting committee noted the decrease was made “in light of the progress on inflation and the balance of risks.
CATIC launches Versapay for agents
October 11, 2024
Rocky Hill, CT CATIC continues to achieve its goals of enhancing the agent experience with the company. The latest improvement, the implementation of Versapay, will allow their agents to better manage part of their transaction workflow in a safe and secure manner.
Commercial real estate property in the fall - by David Kirk
October 11, 2024
The Counselors of Real Estate (CRE) did not disappoint in NYC. Out of the box at the annual meeting of the CRE, NYC is active, if not vibrant. A grand variety of sub market volcanic eruptions. The five Burroughs are caring and sharing. And transactions are occurring and activity ramping.
Back to the office?? Say it ain’t so! - by Daniel Calano
October 11, 2024
It’s been only about six months since I wrote an article on why remote work was here to stay, a way of life. The data showed that, at a minimum, working from home would be most of the time, with perhaps only a few visits to the office to catch up, meet up, and see what’s new.
Real Estate Finance Association leaps into a packed fall
October 11, 2024
Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.
MassDevelopment provides $1.532 million to Boys & Girls Club of Chicopee for teen center
September 13, 2024
Chicopee, MA MassDevelopment has issued a $1.532 million tax-exempt bond on behalf of Boys & Girls Club of Chicopee, Inc. (BGCC), which will use proceeds to build and equip a teen center on the organization’s existing campus at 580 Meadow St. The new 4,500 s/f building
JLL handles $150m refinancing for Bedford Labs on behalf of AEW, Redgate, and Optimum A.M.
September 13, 2024
Bedford, MA JLL Capital Markets has arranged a $150 million refinancing for Bedford Labs, a 288,000 s/f, newly converted, class A life sciences facility. JLL worked on behalf of the borrower, a joint venture between AEW Capital Management, Redgate, and Optimum Asset Management
Colliers secures $41.4 million in construction financing
for The Procopio Companies for a 92,000...
September 13, 2024
Marlborough, MA Colliers’ Capital Markets team has secured $41.4 million in construction financing for a multifamily development. The developer, The Procopio Companies, was represented by a Colliers team led by executive vice president Jeff Black, vice president Sean Burke, vice president Bryan Koop and financial analyst Matt Lombardi.
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