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Category: Finance
Rockland Trust hires Weinberg as senior vice president, lending center manager in Peabody
August 11, 2023
Peabody, MA Rockland Trust has expanded its local commercial lending team with the appointment of Ryan Weinberg, Esq., to senior vice president, commercial lending center manager. In this role, Weinberg will be leading a team of lenders specializing in commercial real estate
Competency: 2023 Version - by Bill Pastuszek
August 11, 2023
Let’s have a look at the concept of competency. No, no, keep reading, even though many of you are saying, “he’s going to start talk about USPAP and all those Appraisal Standards and all that boring, obtuse, useless stuff.” It won’t be boring or useless.
Apartment market has its ups and downs during uncertain times - by John Nitz
August 11, 2023
In central Connecticut, the apartment market has been fickle during questionable economic times. Last month’s article by Josephine Aberle, MAI, indicated a slowdown in investment activity with a significantly reduced number of commercial sales transactions in 2022, following escalations in mortgage interest rates.
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Economy on the mend: Hopeful signs abound over the last few months of the fears of a long recession have been replaced by the hope of soft landing in the economy.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.
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