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Category: Finance
Colliers arranges $11 million in financing for Tremont Asset Management LLC
August 9, 2024
Boston, MA Colliers has arranged $11 million in financing for two multifamily properties on behalf of Tremont Asset Management, LLC, a real estate investment and management company that with affiliates has a portfolio of over 3,500 class A apartments
Rockland Trust appoints Reilly as vice president
August 9, 2024
Methuen, MA Rockland Trust has appointed Chris Reilly as vice president and commercial banking officer for the bank’s growing North of Boston team. In this role, Reilly will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
Real Estate Finance Association hosts charitable golf and tennis tournament on July 29th at Woodland...
August 9, 2024
Boston, MA REFA hosted its 2024 charitable golf and tennis tournament on Monday, July 29th. In rain and sun, 124 golfers and 13 tennis players gathered for an exciting afternoon at Woodland Golf Club that included a golf tournament, tennis tournament
Cronheim Mortgage secures $24 million financing for Avon Marketplace - a 78,687 s/f lifestyle shoppi...
July 12, 2024
Avon, CT Cronheim Mortgage has secured $24 million in permanent financing for Avon Marketplace, a 78,687 s/f lifestyle shopping center on 17.29 acres. Dev Morris, Andrew Stewart, and Allison Villamagna placed the five-year loan with a portfolio lender
MassDevelopment issues $17m bond on behalf of 733 Broadway, affiliate of Tremont Development Partner...
July 12, 2024
Lowell, MA MassDevelopment has issued a $17 million tax-exempt bond on behalf of 733 Broadway LLC, an affiliate of Tremont Development Partners LLC (Tremont). The company will use bond proceeds to build a four-story, 52-unit affordable rental housing facility
Real Estate Finance Association jumps into summer with golf and tennis tournament
July 12, 2024
Boston, MA REFA’s DEI Committee hosted its first panel on June 18th, Capital Conversations: Navigating Wealth Creation, Equity, and Real Estate Investment at Nutter, 155 Seaport Blvd. The session showcased speakers: Onay Payne, senior managing director at Manulife Investment Management;
Colliers closes $62 million refinancing for 230-unit Addison apartment community - CrossHarbor Capit...
July 12, 2024
East Boston, MA Colliers Capital Markets has arranged a $62 million refinancing for Addison, an apartment community comprising 230 units. A Colliers team led by executive vice president & national debt & equity platform leader Jeffrey Black, vice presidents Bryan Koop and Sean Burke, co-chairman Kevin Phelan and financial analyst Matthew Lombardi
Three North Easton Savings Bank employees graduate from ABA Stonier Graduate School of Banking
July 12, 2024
Easton, MA According to North Easton Savings Bank, three of its employees graduated from the ABA Stonier Graduate School of Banking, a program that equips senior-level bankers with leadership and strategy skills.
Back to the basics of appraisals in 2024 - by Pastuszek
July 12, 2024
There are times when the appraisal process needs to be reviewed and one’s understanding of the foundational elements renewed. Given current markets, this is a particularly good time to do so. The essence of appraisal is the benchmarking appraisers engage in by comparing the subject of the appraisal to similar properties.
Automobile dealership industry update for appraisers - by Nitz
July 12, 2024
The performance of auto dealers can have a direct impact on the appraisal of its real estate, i.e. automobile dealerships. Currently the automobile dealership industry faces its challenges and the industry remains uncertain at the close of the second quarter of 2024.
The Federal Open Markets Committee is foot dragging - by Kirk
July 12, 2024
Being late to the cutting date has started to color commentary on data and apparent conditions. Without much impact on the markets. Go figure. Innovation, including Artificial Intelligence and automaton, personal and business services, construction, among other sectors, are continuing to add jobs while trimming, in different directions.
Affordable housing redux… Look to the past - by Calano
July 12, 2024
There has been so much thought and so many articles on affordable housing…with little movement on solving the problem. Why is it so? Because they focus on market response, which has not responded well. The often touted and most significant problems in the news are summarized,
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