Category: Finance

Cambridge, MA East Cambridge Savings Bank has completed the acquisition of Woburn-based Patriot Community Bank, effective August 1st. East Cambridge Savings Bank will continue to operate the former Patriot Community Bank location at 237 Lexington St.

Greenwich, CT Worth Avenue Capital, LLC (WAC) closed a $1.35 million commercial loan to a real estate investor for the purpose of purchasing a commercial condominium in Greenwich. This real estate investor is one of WAC’s existing borrowers

Boston, MA According to Eastern Bank, Brian Welch has rejoined the organization as senior vice president, team leader in the commercial real estate division. Welch’s career spans roles in commercial real estate lending with a range of clients

Newton, MA Joseph De Vito, president and CEO of The Village Bank, has announced a summer promotion called The Great Giveaway, which offers customers the chance to win $5,000 for themselves and $5,000 for a charity of their choice.

It’s the middle of the summer. A bit of a drought here in Mass. Some heat in the last couple of weeks but considering that one could have been in Paris in July or Phoenix almost any time, it hasn’t been too bad.

This isn’t another article complaining of high taxes in CT. They are quite high, fourth in the nation behind New Jersey, Illinois, and New Hampshire. That’s clearly the fault of liberals who want to spend too much, conservatives that don’t want to govern, and our fellow citizens who can’t be bothered to either pay attention or vote. It’s also not because of those things at all.

How do we make housing more affordable? Simple answer: We can’t...at least for now. It’s a tough question with complicated answers, in large part because well intentioned policies are working against each other.

The Counselors of Real Estate will crack the code at the annual meeting in Boston September 11-14. Cheers, Chowder and Change promises a current comment on ground zero. Cash is loaded in a cluster of barrels, all prepared to unload.

Somerville, MA Newmark completed the arrangement of $514 million in construction financing for Phase I of Assembly Innovation Park, a 485,000 s/f life science tower that is under development by BioMed Realty.

Allston, MA Boston Realty Advisors arranged $33.152 million in debt financing on two properties, a 32-unit Allston apartment building with retail on the ground floor and a 102-unit Marlborough, Mass.

Boston, MA REFA hosted its Annual Charitable Golf & Tennis Tournament on Monday, July 18th at Dedham Country & Polo Club, benefiting FamilyAid and Rosie’s Place.

Lowell, MA Eastern Bank has placed a $14 million loan to the Arts & Business Council of Greater Boston for its purchase of the Western Ave. Studios & Lofts (WASL). The WASL complex includes 240,000 s/f of space,