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Category: Finance
Rockland Trust Provides $14 million to to Rees-Larkin Development, LLC for the Moran Sq. redevelopme...
June 11, 2021
Fitchburg, MA Rockland Trust has provided a $14 million construction loan to Rees-Larkin Development, LLC. for their Moran Sq. redevelopment project in downtown. The Moran Sq. project consists of the adaptive re-use of two historic buildings, along with new construction
Stavvy starts $40 million in Series A financing with Flagstar Bank
June 11, 2021
Boston, MA Stavvy announces a $40 million Series A funding round. The investment will be used to expand the company’s aggressive hiring initiative to accelerate growth in paperless and digital solutions for banking and lending, which has seen explosive demand and interest
MassDevelopment places $800,000 for Eagle Mill Redevelopment
June 11, 2021
Lee, MA MassDevelopment has provided an $800,000 loan to Eagle Mill Redevelopment, LLC, which is using proceeds to redevelop the former Eagle Mill and surrounding parcels into a mixed-use complex featuring 128 residential housing units and 14,000 s/f of retail and office space
Fantini & Gorga places $6.672 million financing
June 11, 2021
Boston, MA Fantini & Gorga has placed acquisition financing of $6.672 million for four net leased properties located in Rochester, Tonawanda, and Depew, N.Y., and in Beaver Falls, Penn.
The Real Estate Finance Association hosts a virtual Executive Insights program on June 3rd
June 11, 2021
Boston, MA The REFA Emerging Leaders hosted a virtual Executive Insights program on June 3rd. This program featured Colleen O’Connor, VP, leasing, East Coast & U.K. Markets, BioMed Realty. O’Connor spoke about her background, projects she is working on
What is the office sector experiencing as it moves out of COVID-19? - by Bill Pastuszek
June 11, 2021
What is the office sector experiencing as it moves out of COVID? What is in store for landlords, tenants, and office occupiers going forward? The office market is an asset class that was affected very fundamentally by the lockdown: The house/apartment/loft became the office for many, and is likely to continue to be for some.
Workforce housing in N.H. - by Kathleen Holden Bergeron
June 11, 2021
Since the early 2000’s, rising home prices and rents in New Hampshire have resulted in in challenges for residents finding affordable housing in some areas. Meanwhile, record low unemployment has burdened businesses with a scarcity of qualified employees.
Increasing values and the appraiser’s challenge - by Steven Spangle
June 11, 2021
Housing prices have been increasing at amazing rates. This has been great for sellers but it is a challenge for appraisers. Projections for 2021 and 2020 are for increasing values. The percent of increase projected is generally slightly below the levels the market has been experiencing.
All property sectors are showing signs of improvement - by David Kirk
June 11, 2021
All property sectors are showing signs of improvement. For hospitality, entertainment, travel and retail, operations continue to lag substantially pre-pandemic performance and operations are forecast for extended short to long term uncertainty. Housing and places of employment are still strong and getting stronger as the economy recovers remarkably broadly.
We have stepped over the threshold into summer - by John Drew
June 11, 2021
We have stepped over the threshold into the official start of summer, and the signs of better weather are accompanied by signs of improvement in our local economy. Many experts seem to agree that as vaccination levels rise, and we begin to leave our masks behind, economic improvement will continue.
Marina Valuations – Methodology and the challenges ahead for the industry - by Marc Nadeau
June 11, 2021
The valuation of marinas is one of the most challenging appraisals to perform respective of the fact that they often contain a lot of moving parts, so to speak. This article intends to simplify the process by outlining a succinct methodology for both the appraiser and operator alike.
Small business confidence will be contagious - by Valerie Pontiff
June 11, 2021
There is nothing like a rush of confidence to fuel the spirit. Associated Industries of Massachusetts tracks monthly business confidence, with both March and April clocking in just over 60, a reading consistent with an expansion and positive business conditions.
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