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Category: Finance
CBRE arranges $180 million construction loan for life sciences development at 101 College St., New H...
August 13, 2021
New Haven, CT CBRE has arranged a $180 million financing for the development of a life sciences facility at 101 College St. by Harrison Street and Winstanley Enterprises. A large commercial bank led the origination with significant participation from Webster Bank.
Messier of Lument closes on a $26 million Fannie Mae DUS conventional multifamily loan to refinance ...
August 13, 2021
Hartford, CT Lument has completed the closing of a $26 million Fannie Mae DUS conventional multifamily loan to refinance Garden Hill Apartments, a 591-unit mid-rise portfolio. Josh Messier, managing director in Lument’s New York office, led the transaction.
McIsaac of Bluestone Bank elected to the Mass. Bankers Association board of directors
August 13, 2021
Raynham, MA Meg McIsaac, president at Bluestone Bank has been elected treasurer of the Massachusetts Bankers Association (MBA) at its annual meeting in June. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.
The Real Estate Finance Association is gearing up for a busy fall schedule
August 13, 2021
Boston, MA REFA hosted a few events this past month for its Emerging Leader membership. On July 27th, the Emerging Leaders Committee met in person for the first time since early 2020. Over 40 members gathered at Tia’s on the Waterfront for an evening networking reception.
Period architecture: A renewed interest in the art and structures - market perspective - by Marc Nad...
August 13, 2021
Being from New England, when one thinks of a historic home the image often conjured up is that of a 1700s center chimney cape, a Federal style from the early 1800s, a Second Empire Victorian or even a brownstone. All have become part of the architectural landscape that helps define New England.
Racial bias and the real estate industry - by Steven Spangle
August 13, 2021
Racial bias is front and center of the news. Accusations involve all sections of the real estate industry, appraisers, brokers, and lenders. Appraisers have been accused of using inappropriate comparable sales that indicate values below the true market value of a property that is owned by a person of color.
Three approaches to appraisal theory - by Bill Pastuszek
August 13, 2021
Three Approaches. Appraisal Theory gives real estate appraisers and users of appraiser services three approaches with which to arrive at value opinions. Let’s review the approaches.
Family-owned business disputes - by Roger Durkin
August 13, 2021
Equity holders of family-managed businesses commonly develop disagreements and strong differences of opinion, which lead to heated clashes. These disputes are not unique to your specific family business, and they are especially common in second- and third-generation family-managed businesses.
Winding down the dog days of summer - by John Drew
August 13, 2021
As we wind down the dog days of summer, the Appraisal Institute is not in short supply of programs, initiatives, and information that will provide our membership, and others in the appraisal community, more than enough to fill their fall agendas.
Viability of Conceptual Plan - by Marsha Campaniello
August 13, 2021
As appraisers, we are often asked to complete an appraisal based on a conceptual plan of the subject property. The client may be requesting this appraisal for a multitude of reasons such as for bank financing; for feasibility of the plan in the current market; or to help determine the highest
Inflation worries? … or “not to worry?” - by Daniel Calano
August 13, 2021
We have all worried about the recent inflationary situation impacting real estate, where commodities like wood and steel have become extremely expensive, to say the least. Some commodities have increased in price by several hundred percent.
For rent: The ecosystem - by David Kirk
August 13, 2021
Daily rates available. Do not try to run the show. We are always in rehearsal! The built environment is a derivative of the economy and the ecosystem. Subject to factors of supply and demand for the built inventory, operators manage, developers build and adapt
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