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Category: Finance
Valcre: Boston office primed for tax appraisals
April 14, 2023
Boston has a vast amount of office space as a state, regional, national and international hub for government, education, banking and finance, insurance, legal, healthcare, biotechnology, technology and R&D sectors. Faced with a slew of converging adverse conditions, office is perhaps the most troubled commercial real estate sector
The Village Bank hires Cruz as assistant vice president, fraud officer
April 14, 2023
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Jennifer Cruz as assistant vice president/fraud officer.
Cronheim secures $20.23 million financing for 100,000 s/f office property in Rowayton, CT
April 14, 2023
Rowayton, CT Andrew Stewart and Dev Morris of Cronheim Mortgage have secured $20.23 million in long-term interest-only financing for an office property. The 100,342 s/f property consists of two interconnected buildings, a historic structure developed
EagleBridge Capital arranges $6.14m construction/permanent mortgage for new CVS pharmacy
March 10, 2023
Braintree, MA EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $6.14 million for a new long-term leased CVS pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.
Smith & Henzy Advisory Group secures $37.5 million construction financing
March 10, 2023
Newington, CT Delray Beach, FL-based developer Smith & Henzy Advisory Group has secured $37.5 million in construction financing for the development of The Pike, 151-unit multifamily property.
Fantini & Gorga arranges $12 million first mortgage for Gateway Sq., Burlington, VT - arranged by Cl...
March 10, 2023
Burlington, VT Fantini & Gorga arranged a $12 million first mortgage for Gateway Sq. The non-recourse loan was placed by Wayne Clough and Colin Monahan with a regional bank for the refinancing of 30 and 40 Main St., commonly known as Gateway Sq.
Cirone elected to the board of trustees at Union Savings Bank
March 10, 2023
Danbury, CT According to Lucie Voves, chair, Union Savings Bank (USB) board of trustees, Anthony Cirone, Jr., CPA and managing partner at Cironefriedberg LLP has been elected to the USB board of trustees.
Mondelci named New Leader in Banking recipient
March 10, 2023
Essex, CT According to Diane Arnold, president and CEO of Essex Savings Bank, Hilary Mondelci, assistant vice president, loan administration manager and assistant corporate secretary, was selected as 2023 New Leaders in Banking Award recipients.
Housing markets: A year later - by Bill Pastuszek
March 10, 2023
Housing robustness was the theme of 1-4 family housing a year ago. Looking back, the differences between then and now are dramatic. Higher rates, inflationary pressures, and the Russian invasion of Ukraine are factors that have changed the face of housing.
Appraising for the Appellate Tax Board Program
March 10, 2023
The MA-RI-ME chapter of the Appraisal Institute is pleased to be holding a four-hour program entitled “Appraising for the Appellate Tax Board – Expanding Your Scope of Work Services” on May 3rd at the Hilton Boston/Dedham Hotel.
Office space demand slowing: Loan defaults ahead? - by Daniel Calano
March 10, 2023
Everyone, including myself, has opined about when and whether workers would return to the office. In the end, despite some aggressive pressure from employers, a hybrid work style has evolved, typically with employees working from home for two or three days/week, and in the office
Liquidity and default and workouts - by David Kirk
March 10, 2023
The capital markets turbulence persists and lending in the commercial property market is still sluggish. The rates are sticky. All of these conditions relate to Fed rate increases. And uncertainties related Fed action. The high employment, wage gains, job growth, and consumer spending are supporting
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