Category: Finance

Another great migration causes dislocation and renewal - Valerie Pontiff

Another great migration causes dislocation and renewal - Valerie Pontiff

January 14, 2022
Referencing movement by black families from the southeast to the north and west from about 1915 to 1970, The Great Migration changed demographics in the United States in ways that endure today. Six million people, or over 100,000 per year (250,000 using today’s US population)
Real Estate and the Metaverse: Phase II - Daniel Calano

Real Estate and the Metaverse: Phase II - Daniel Calano

January 14, 2022
Last month I wrote my New England Real Estate Journal article introducing the “metaverse,” and its potential impacts on real estate. I promised to dig deeper in the next one, with more specifics on the subject. Here it is.
Coulombe of Fantini & Gorga arranges $23m loan for Brooks Street Commons

Coulombe of Fantini & Gorga arranges $23m loan for Brooks Street Commons

December 10, 2021
Worcester, MA Fantini & Gorga has completed the placement of a $23 million construction loan for the Brooks Street Commons, a to-be-built 111-unit multifamily property on the north side of the city.
JLL Capital Markets secures $35.34 million funding for two office assets

JLL Capital Markets secures $35.34 million funding for two office assets

December 10, 2021
Andover, MA JLL Capital Markets has arranged $35.34 million in financing for the acquisition and repositioning of a 233,726 s/f, two-building R&D/office portfolio into a life sciences campus in the suburban Boston community.
Marcone Capital completes $21.5m financing of Connector Park - consisting of two, four-story office buildings totaling 199,783 s/f

Marcone Capital completes $21.5m financing of Connector Park - consisting of two, four-story office ...

December 10, 2021
Lowell, MA Mike Marcone of Marcone Capital, Inc. has arranged the financing of Connector Park, a property consisting of two, four-story, high quality office buildings totaling 199,783 s/f.
Sidel of EagleBridge Capital places $14.65 million debt and equity financing for a class A, two-story building containing 77,000 s/f

Sidel of EagleBridge Capital places $14.65 million debt and equity financing for a class A, two-stor...

December 10, 2021
Andover, MA EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $14.65 million for 6 Riverside Dr., a flex/R&D building. The financing was arranged by EagleBridge principal Ted Sidel.
CBRE Investment Management closes on a $49.7 mortgage loan

CBRE Investment Management closes on a $49.7 mortgage loan

December 10, 2021
Ashland, MA A fund sponsored by CBRE Investment Management closed on a $49.7 mortgage loan to finance Taurus Investment Holdings’ acquisition and renovation of Chestnut Place, a 207-unit garden-style residential property.
PACE Loan Group provides $3.2 million in financing

PACE Loan Group provides $3.2 million in financing

December 10, 2021
Providence, RI Rhode Island Infrastructure Bank (Infrastructure Bank) completed $3.2 million in Commercial Property Assessed Clean Energy (C-PACE) program financing for energy efficiency elements being built into the new Eddy Street Self Storage facility
MassHousing closes on $9m in financing for Woodland Cove

MassHousing closes on $9m in financing for Woodland Cove

December 10, 2021
Wareham, MA MassHousing has closed on $9 million in financing to Dakota Partners, Inc., to support the development of Phase I of the Woodland Cove affordable rental housing community.
Atlantic Capital Partners sells Citizens Bank for $2.13 million

Atlantic Capital Partners sells Citizens Bank for $2.13 million

December 10, 2021
Tewksbury, MA Atlantic Capital Partners has completed the $2.13 million sale of Citizens Bank, a 3,134 s/f, free-standing, single-tenant building with drive-thru ATM.
Real Estate Finance Association virtually hosted its 33rd Annual REFA Gala on November 16th

Real Estate Finance Association virtually hosted its 33rd Annual REFA Gala on November 16th

December 10, 2021
Boston, MA REFA virtually hosted its 33rd Annual REFA Gala on Tuesday, November 16th. This year’s Gala honored Bulfinch Companies, Inc. and WinnCompanies with the Swain Distinguished Service Award.
Update on appraiser specialization - by Bill Pastuszek

Update on appraiser specialization - by Bill Pastuszek

December 10, 2021
I was looking through previous articles and came across something I wrote 4+ years ago that seems as appropriate now – if not more so – than then. Following is an update on the issue of appraiser specialization, competency, and meeting the current extraordinary demand for appraisal services.