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Category: Finance
JLL arranges $543 million in financing for the $596.6 million 10 World Trade
April 8, 2022
Boston, MA JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 s/f of life sciences, office and retail space in the Seaport District.
Cushman & Wakefield advises Martignetti Cos. in $92m refinance
April 8, 2022
Taunton, MA Cushman & Wakefield served as the exclusive advisor to Martignetti Companies in the procurement of $92 million for the refinancing of 500 John Hancock Rd., a class A core industrial asset. The 12-year, fixed-rate loan was provided by Northwestern Mutual.
Eagleson joins Washington Trust as vice president
April 8, 2022
New Haven, CT According to the Washington Trust Company, Brett Eagleson has joined the bank’s commercial real estate group as vice president and relationship manager in Connecticut. Eagleson will focus on the development of commercial real estate loan business,
Soares promoted to team leader at Salem Five Bank
April 8, 2022
Salem, MA Salem Five Bank has promoted senior vice president Philip Soares to team leader of its commercial real estate division, taking over for Joseph Greenough, who retired last month.
Cambridge Savings Bank empowers local small businesses through financial education courses
April 8, 2022
Cambridge, MA Cambridge Savings Bank (CSB), has launched its Small Business Financial Education Program. Led by CSB’s financial education manager, Philip Mustone, the program will provide small businesses with information on best practices related to marketing
Residential appraisal forms - by Bill Pastuszek
April 8, 2022
Fannie Mae and Freddie Mac have been working on the redesign of the Uniform Residential Appraisal Report (URAR) for several years. The GSEs, through their Uniform Appraisal Dataset (UAD) and Forms Redesign Initiative working group, have worked closely with stakeholders and allowed their input
President’s message: The PAVE Action Report - by Brad Hevenor
April 8, 2022
In March, the Department of Housing and Urban Development delivered the long-anticipated Action Plan from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to President Joe Biden. The PAVE Action Report targets dismantling racial discrimination and bias in mortgage
Residential appraising – Big changes looming - by Reynold Archambault
April 8, 2022
It’s been a crazy couple of years since the pandemic outbreak. First everything shut down and immediate thoughts, beyond health and humanity, turned to how appraiser’s were going to do their jobs. We worked through it. Temporary policies were enacted circumventing interior inspections
Confused, complex world? Time to parse the pieces - by Daniel Calano
April 8, 2022
At the moment, there are so many relevant unknowns regarding the world and its economies, it boggles the mind. The only part that has just been fixed is a playbook for interest rate hikes. Among the many remaining unknowns are supply chain issues, inflation, Covid variants, energy imbalances, geopolitical issues
Wake up and live. Fix it. Clean. - by David Kirk
April 8, 2022
Infrastructure is the only way to provide a safe and strong and connected built environment to serve all of our constituencies. For the comfort and well-being of our communities, we must focus on the changing environment and the new behaviors and demographics as they evolve, and we observe them.
REFA to host first in-person education program in two years: “Institutional Mindset: Where and how...
April 8, 2022
Boston, MA REFA hosted its first Fundamentals program of the year, Life Science Real Estate 101, on March 22nd. Over 200 REFA members attended the webinar featuring Mark Bruso, senior research manager, JLL; Hana Kolton, principal, Jacobs; and Tyson Reynoso,
BEB Lending provides $5.8 million in acquisition financing - secured by Patriot Holdings for the acq...
April 8, 2022
Marlborough, MA BEB Lending (BEB), the finance platform of BEB Capital, a leading investor and developer of industrial, office and multifamily assets throughout the East Coast, has provided a $5.85 million bridge loan to Patriot Holdings for the acquisition financing of an industrial property
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