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Category: Finance
The new normal and the last hike - by David Kirk
August 11, 2023
Stewardship of commercial property is basic - fix it, keep it clean, manage and market professionally. With the new normal, some tweaks are more expensive, more creative and more dramatic. Mobility, Wi-Fi and adaptive reuse! As a derivative of the local economy, commercial real estate currently benefits from the demand
Economy on the mend: Hopeful signs abound - by Daniel Calano
August 11, 2023
Economy on the mend: Hopeful signs abound over the last few months of the fears of a long recession have been replaced by the hope of soft landing in the economy. The Federal Reserve Bank, which has increased interest rates dramatically over the year to curb inflation, has shown signs that there will be a pause
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Rockland Trust provides $4 million in financing for the Greendale Revitalization Initiative
August 11, 2023
Worcester, MA New Garden Park, Inc., a subsidiary of the Worcester Business Development Corp. (WBDC), secured $4 million in financing from Rockland Trust for the initial phases of the Greendale Revitalization Initiative.
Maugel DeStefano Architects designs new bank branch for Milford Federal Bank
August 11, 2023
Milford, MA Maugel DeStefano Architects has begun construction on a new Milford Federal Bank branch located at 67 Medway Rd. Sited on the high visibility corner of Medway and Branch Sts., the ground-up construction features a large open concept public banking area with exposed structure, individual banking pods
Worth Avenue Capital, LLC closes two loans totaling $1.125 million
August 11, 2023
Westport, CT Worth Avenue Capital, LLC (WAC) closed a $300,000 commercial loan for a Connecticut-based real estate developer. The loan proceeds will be used for working capital purposes for his various real estate projects that are evolving.
Sidel of EagleBridge Capital arranges $3.9 million mortgage financing for an apartment property loca...
July 14, 2023
Boston, MA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $3.9 million for an apartment property located on Grove St. in the city’s Beacon Hill neighborhood, one of the city’s oldest residential communities.
Boylston Properties and J.P. Morgan close on $150m refinance from Northwestern Mutual
July 14, 2023
Watertown, MA Boylston Properties, a Boston-based developer of mixed-use properties, and J.P. Morgan Global Alternatives have closed on a $150 million loan from Northwestern Mutual for 100 Forge, a premier life science building. Located within Arsenal Yards along the Charles River, the nine-story 165,600 s/f class A building
MountainOne participated in four Fourth of July community events
July 14, 2023
North Adams, MA On July 4th, MountainOne, a longstanding financial institution headquartered in the Berkshires, participated in four Fourth of July community events, including the annual parade celebration in Pittsfield.
Gatehouse Capital Partners, Fort Amsterdam Capital, and Crayhill Capital Management provide $85 mill...
July 14, 2023
Boston, MA Gatehouse Capital Partners and Fort Amsterdam Capital, along with Crayhill Capital Management have provided an $85 million condo inventory loan to Fortis Property Group, a vertically-integrated real investment management company with a portfolio valued in excess of $3 billion.
Winchester Savings Bank appoints Salehpour and Cotter to board of trustees
July 14, 2023
Winchester, MA According to John Carroll, president and CEO of Winchester Savings Bank (WSB), they have appointed Sara Perkins Salehpour and Paula Cotter to the board of trustees.
North Easton Savings Bank names Wagner as vice president, senior commercial lender
July 14, 2023
Easton, MA North Easton Savings Bank (NESB) has welcomed industry veteran Jillian Wagner as vice president, senior commercial lender to the bank’s growing team. Wagner brings with her a wide breadth of experience helping local and regional businesses secure financing, with a specialty focus on the deployment of renewable energy projects.
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