Over the last several years, since the 2008 Great Recession and earlier, I have written individual articles about interest rates, whether they would increase, whether it would affect real estate values, investment, and cap rates.
Taunton, MA Cornerstone Realty Capital arranged $3.43 million for the acquisition and renovation of a 30-unit multifamily property. The property consists of three two-story, identically-structured apartment buildings originally built in 1987, that feature wood-framing, clapboard siding, and asphalt-shingled hip and gable roofs.
Providence, RI Fantini & Gorga arranged $2.5 million in permanent financing for the refinancing of 204 Westminster St. Known as The Gaspee Building, the subject is ideally located in the down city arts district. Derek Coulombe, senior managing director and Lindsay Feig, senior director of Fantini & Gorga structured and placed the financing
Norwalk, CT JLL Capital Markets has arranged $55.83 million in acquisition financing for The Berkeley at Waypointe and Quincy Lofts, a multi-housing property located at 500 West Ave. and 30 Orchard St.
Darien, CT EagleBridge Capital has arranged mortgage financing in the amount of $14.7 million for Darien Crossing, a two building office complex. The mortgage financing was arranged by EagleBridge director Brian Walsh who stated
New Haven, CT Edgewood Capital Advisors, a national commercial real estate bridge lender based in Southport, Conn., has closed a $3.5 million bridge loan on a portfolio of multifamily properties
Watertown, MA Newmark completed the acquisition financing of The Residence at Watertown Square, a 90-apartment senior living community located at 20 Summer St. Newmark managing director Sarah Anderson, vice chairmen
North Haven, CT With construction now complete, Guilford Savings Bank’s (GSB) newest branch office will officially open this month, bringing more community banking to the town. Located at the intersection of
Boston, MA MassDevelopment has issued a $6.4 million tax-exempt bond on behalf of 41 N. Margin Senior Apartments, LLC, an affiliate of East Boston Community Development Corporation (EBCDC) and Affirmative Investments, Inc.,
As we all pretty well know, industrial markets – by that, including warehousing, logistics, etc – have been the darling property sector during COVID-19. The Boston industrial market
Last month I wrote about how culture influences the creation and use of real estate. My main point was that current culture changes so quickly, leading to an uncertain future of building permanence. In this article, I am venturing a bit further, perhaps
There is a radical rapid change coming to appraisal methodology in the form of quantum computers, algorithms, and artificial intelligence. Appraisers need to get up to date with statistical modeling and away from cookie-cutter appraisals.