Category: Finance

A recent March 2023 McKinsey and Company report indicates that real estate developers are pausing, or even canceling, development projects that were otherwise ready to go. In some cases, projects already under construction have been stopped.

There was a time that the city was quiet for July and August…then just August…now, it’s busy all summer long. The financial markets aren’t taking the summer off, that’s for sure. The stock market has been riding the proverbial teeter-totter with good days and bad, reactions and preemptions.

Real estate investors maintain an outsized portion of benefits through the Internal Revenue Code versus nearly any other U.S. taxpayer. These opportunities exist through both the operation and eventual liquidation of real property. Even with the multiple options available to investors, many often become paralyzed, refusing to sell at

Boston, MA On Tuesday, June 20th, at 101 Seaport Blvd., PwC and REFA hosted Perspectives on CRE Valuation in an Uncertain Environment. The panel was moderated by Andrew Alperstein, real estate partner, PwC. Industry experts, Sara Cassidy, managing director, AEW;

Dedham, MA JLL Capital Markets has arranged $190 million in first mortgage refinancing, led by Wells Fargo and Truist, for Legacy Place, a 675,000 s/f, high-performing, grocery-anchored lifestyle retail center. JLL worked on behalf of the borrower, WS Development and Nuveen Real Estate, to secure the loan through a two-bank syndicate.

Taunton, MA Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Rd.

Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)

Boston, MA Three of Boston’s award-winning business leaders in the hospitality and entertainment sector, Nia Grace — owner of Darryl’s Corner Bar & Kitchen and The Underground Café & Lounge — along with Ed Kane and Randy Greenstein — owners of Big Night Entertainment Group — have joined forces to open ‘Grace by Nia’, a modern-day supper club for which Eastern Bank is providing financing

Easton, MA Rich Spencer, president and CEO of North Easton Savings Bank, has been elected to the 20-member board of directors of the Massachusetts Bankers Association (MBA) at its 2023 annual meeting. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional, and nationwide banks

Canton, MA Gray Strategic Partners, LLC, a new boutique investment banking firm, has launched operations with a focus on delivering comprehensive, end-to-end financial and strategic advisory services related to buying and selling businesses, mergers, joint ventures, strategic alliances

Boston, MA Fantini & Gorga arranged a $5 million first mortgage for a multifamily property in the Allston neighborhood. The non-recourse loan was placed with a local bank on behalf of the sponsor, Glen One LLC,

Newton, MA At The Village Bank’s annual meeting held earlier this month, president and CEO Joseph De Vito released the following officer promotions: Andy Franklin was promoted to executive vice president/chief lending officer. Franklin will continue to manage the strategic direction of all commercial, residential and consumer lending activities