Category: Finance

Wilton, CT Marcus & Millichap Capital Corporation (MMCC) has completed the arrangement of $6.53 million in financing across two transactions–one for a mixed-use medical office and retail property at Sun Plaza, 151 Old Ridgefield Rd.

Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.1 million construction loan for a repeat borrower for the purpose of building a new “spec” house on Stanwich Rd. The loan is secured by a junior mortgage on the Stanwich Rd.

Westerly, RI Berkshire Bank completed a Historic Tax Credit (HTC) investment to support the revitalization of The United Theatre. The project also supports Berkshire’s previously announced BEST Community Comeback in which it is lending and investing in activities that revitalize local economies.

Milford, MA Washington Trust’s Commercial Real Estate Group provided financing to Quarry Milford, LLC for the acquisition and redevelopment of Quarry Sq., a 196,674 s/f retail center,

Boston MA The Real Estate Finance Association (REFA) has named its Board of Directors for 2022. Lauren O’Neil, managing director COO, private equity at AEW Capital Management will serve as president, along with president-elect, Nilesh Bubna,

Appraisal opportunities often not considered are those involving Eminent Domain as a result of “the right of a government or its agent to expropriate private property for public use, with payment of just compensation” through due process of law. Whether the appraisal client is the property owner or the government agency, whether the property is residential, commercial, industrial or vacant land

For most real estate professionals and for nearly all appraisers, 2021 was a hard-working year. With respect to economic behavior as it relates to real estate and valuation, the COVID era continues to challenge and surprise.

Seasonally and algorithmically adjusted data is spilling forth. The Fed has reported that rate action, guiding inter-bank lending and borrowing, can be expected to increase in 2022 significantly. Other quantitative easing, primarily Fed portfolio purchases

Yarmouth, MA Robert William Saben Jr., MRA ,74, passed away peacefully at his home in Canton, Georgia on Tuesday, December 21st, 2021, surrounded by loving family members.

There is a growing awareness of bias in the appraisal profession. President Biden has established a task force to address race-associated disparities in home appraisals. The commission will primarily focus on the issues of mandatory data reporting and automated valuation methods.

As we welcome in 2022, I would like to personally thank the 2021 Connecticut Chapter of the Appraisal Institute officers and directors for their leadership/service during last year. They gave their time to help promote and strengthen the Appraisal Institute