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Category: Finance
Virus crisis: Impact on real estate, some beneficial - by Daniel Calano
April 10, 2020
We are all getting a little tired and anxious, in hearing about corona virus. The news is full of uncertainty, which continues to drive down American confidence, stock value, and yes, even real estate values.
O'Donnell, Tousignant and Feig of Fantini & Gorga arranges $9.165 million permanent financing for Ro...
March 13, 2020
Roxbury, MA Fantini & Gorga has arranged permanent financing of $9.165 million for Roxbury Highlands. The loan was placed with a national bank. Roxbury Highlands is comprised of 50 affordable apartments supported by HUD project-based subsidies
Rockland Trust provides $22m in financing to Cruz Development - for the $34m Dr. Michael Haynes Arms...
March 13, 2020
Roxbury, MA Rockland Trust Bank has provided a $22 million loan to Cruz Development Corp. for the first mortgage construction and permanent loan financing of the Dr. Michael E. Haynes Arms building. The $34 million project will
Cornerstone Realty Capital arranges $9.1million for acquisition of apartment property in Ayer, Mass....
March 13, 2020
Ayer, MA Cornerstone Realty Capital has arranged $9.1 million for the acquisition of an apartment property. The property consists of 76 units, spread between three, three-story garden-style buildings and four townhouses.
Marcone of Marcone Capital handles $18.4 million financing of Reservoir Office Park
March 13, 2020
Brookline, MA Mike Marcone of Marcone Capital, Inc. has arranged the $18.4 million financing of a 47,227 s/f medical and general office building located at 822-826 Boylston St.
Eastern Bank welcomes Rex Lumber Company as a new banking customer
March 13, 2020
Boston, MA Eastern Bank welcomes Rex Lumber Co. as a new commercial banking customer. Founded in 1946, Rex Lumber is a third-generation, family-owned and operated business distributing hardwood lumber with revenue between $50 and $100 million.
CEDAC and LISC lend $8.5m to The Neighborhood Developers
March 13, 2020
Chelsea, MA The Community Economic Development Assistance Corp. (CEDAC) partnered with Local Initiatives Support Corp.(LISC) and its Equitable Transit-Oriented Development Accelerator Fund (ETODAF), to lend a total of $8.5 million in acquisition
Landry named partner at FinanceBoston
March 13, 2020
Boston, MA Doug Landry, a principal at the real estate investment and advisory company FinanceBoston, has been named as a partner at the 16-year-old firm. Landry joined FinanceBoston as a principal in July 2018.
Lenders beware! - by Mattera and Currier
March 13, 2020
Although we are currently in the midst of the longest recovery in history, recent market events remind us that the economy is cyclical. Household debt is at a record high, while the saturated retail and restaurant sectors have been generating a number of high-profile Chapter 11
The Real Estate Finance Association has a busy month of February with multiple events
March 13, 2020
Boston, MA The Real Estate Finance Association (REFA) is coming off an eventful month. On February 25th, REFA hosted a sold-out education program at Atlantic Wharf on The Impact of the LIBOR Changes.
Industrial market overview in Boston - by Bill Pastuszek
March 13, 2020
In surveying the Boston Industrial market, I came across the following. CBRE’s 2020 Market Overview notes that “the U.S. Industrial market will see some dramatic shifts in 2020. Absorption gains will be difficult to achieve” where in some markets there are extremely low vacancy rates and limited space options.
What’s a residential lot worth and who buys them? - by Brian White
March 13, 2020
In the Seacoast area of New Hampshire, similar to many other markets in New England, the prices of single residential lots have dramatically increased over the past several years along with the prices of single family homes. After examining the asking and
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