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Category: Finance
Every day is day one - by David Kirk
August 14, 2020
The pandemic has prevailed long enough to have established a new economy with new demography and technography – patterns of change, post pandemic. In many respects, the new norms are evolving, yet uncertainty about duration, shape and impact still prevails with daily impacts.
Future of the office: Uncertain as COVID-19 cure - by Daniel Calano
August 14, 2020
There has been a lot written about whether office life, or lack thereof, will ever be the same. It’s fairly clear…. that nothing is clear. Some say employees will zoom forever; some say they cannot survive at home; some say office employment be a mix of remote, virtual, and physical.
Coulombe and Feig of Fantini & Gorga arrange $1.8 million financing for Good Harbor Beach Condominiu...
July 10, 2020
Gloucester, MA Fantini & Gorga has announced the placement of $1.8 million financing of a new, single-floor living condo complex featuring six units – many with ocean views, called Good Harbor Beach Condominiums.
JLL secures $66 million for acquisition of a 531,916 s/f office campus - loan placed through Brookli...
July 10, 2020
Marlborough, MA JLL Capital Markets has arranged $66 million debt and equity financing for The Campus at Marlborough, a premier, four-building office campus totaling 531,916 s/f.
Lipson of Berkadia secures $21 million financing for Beacon Fairbanks and Kilsyth Manor Apartments
July 10, 2020
Boston, MA Berkadia has completed $21 million in combined financing secured for Beacon Fairbanks and Kilsyth Manor Apartments, two garden-style multifamily properties in the city. Managing director Robert Lipson
Marcone Capital arranges $18.375 million financing of Forbes Business Center - two office buildings ...
July 10, 2020
Braintree, MA Mike Marcone of Marcone Capital, Inc. has arranged the $18.375 million financing of Forbes Business Center, which consists of two office buildings totaling 131,132 s/f at 220 and 222 Forbes Rd.
CIT provides $35.9m loan for Fields Grade Development and Alpine Residential joint venture
July 10, 2020
Stamford, CT According to CIT Group Inc., its real estate finance business provided a $35.9 million senior secured loan for construction of a new 183-unit apartment building.
Rockport Mortgage handles $36.4 million FHA Section 223(f) refinancing loan for Borden Place
July 10, 2020
Fall River, MA Rockport Mortgage Corp. completed the closing of a $36.4 million FHA Section 223(f) refinancing loan for Borden Place Apartments, 261 units of age-restricted housing, located downtown.
Bridgewater Savings Bank presents 14 local students with scholarships
July 10, 2020
Raynham, MA Peter Dello Russo, president and chief executive officer of Bridgewater Savings, has named the recipients of 14 academic scholarships totaling $21,000 awarded recently to local students.
The Real Estate Finance Association update: Commitment to diversity, equity and inclusion
July 10, 2020
Boston, MA This month, REFA double down on its commitment to Diversity, Equity and Inclusion. In 2018, REFA developed a DEI Policy, which was adopted by all of the divisions of the Greater Boston Real Estate Board.
MassHousing closes $25.6m in financing for Granite Lena Park
July 10, 2020
Dorchester, MA MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corp. for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park.
Some COVID trends becoming clearer - by Bill Pastuszek
July 10, 2020
As this COVID situation drags on and even escalates, we enter this summer with great discontent and uncertainty.We thought if we hunkered down for a few months, paid our dues by staying in our bunkers and acting virtually (and virtuously)
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