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Category: Finance
MA/RI Chapter of Appraisal Institute president’s January message - by George Demopulos
January 10, 2020
The Massachusetts and Rhode Island Chapter of the Appraisal Institute had a very productive and successful 2019 under the leadership of Gregory Curtis, MAI! A very special thank you to Greg and our executive director, Lianne Andreucci! As always, our chapter continued to provide the best in appraisal education
Sherman begins one-year term as president of the Appraisal Institute
January 10, 2020
Chicago, IL Jefferson Sherman, MAI, AI-GRS, of Highland Heights, Ohio, began his one-year term as president of the Appraisal Institute on January 1. The Appraisal Institute is one of the nation’s largest professional associations of real estate appraisers
New Year, new laws: CT rings 2020 with five public acts - by Laurie Mentz Nichols
January 10, 2020
Connecticut rings in the new year with five Public Acts which affect the real estate profession. Following are summaries of the acts; detailed information on all Public Acts can be found on the Connecticut General Assembly website: https://www.cga.ct.gov
Pick it up: 2020 is the New Next Decade - by David Kirk
January 10, 2020
Commercial real estate markets will continue to be increasingly competitive and decreasingly liquid as 2020 unfolds. Many traditional measures such as rent, selling prices, vacancy/occupancy rates will slideways, or bounce marginally in both directions.
Jobs boom vs. Housing: Can Boston handle the growth? - by Daniel Calano
January 10, 2020
Mark Twain once summarized Benjamin Disraeli’s statement that there are “lies, damn lies, and statistics.” In researching the question of whether housing supply can keep up with new job growth, I found myself siding with Twain.
KeyBank Real Estate Capital provides $54.8 million of Fannie Mae financing to Bluerock
December 13, 2019
Franklin, MA KeyBank Real Estate Capital (KBREC) provided $54.8 million of Fannie Mae financing to Bluerock, a commercial and residential real estate company based in New York, to acquire a multifamily property
Citizens Commercial Banking provides $75 million construction loan to Haymarket Parcel 9 Investors, ...
December 13, 2019
Boston, MA Citizens Commercial Banking’s Commercial Real Estate Finance team provided a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties
Liddy of Kelleher & Sadowsky arranges $15 million in refinancing for a 450,000 s/f industrial proper...
December 13, 2019
Auburn, MA Kelleher & Sadowsky Associates has arranged refinancing of the industrial warehouse property at 28 Millbury St. in the amount of $15 million on behalf of Rabina Properties. Meghan Liddy, senior vice
Berkadia arranges $49.7 million in acquisition financing for Riverbend on the Charles
December 13, 2019
Watertown, MA Berkadia has arranged $49.7 million in acquisition financing for Riverbend on the Charles, a 170-unit multifamily community. Built in 2014, the property is located at 270 Pleasant St. and consists
Washington Trust provides $15.4 million in financing
December 13, 2019
Norwood, MA Washington Trust’s Commercial Real Estate Group provided $15.4 million to a Massachusetts-based developer for the acquisition of a 130,000 s/f office building. Located at the intersection of Rte. 1
Cornerstone Realty Capital handles $5.6 million refinancing
December 13, 2019
Southbridge, MA Cornerstone Realty Capital arranged $5.6 million in financing for Laurel Ridge Apartments. The apartment complex features 58 units, a mix of five studios, 26 one-bedroom, one-bathroom units and 27 two-bedroom
Bridgewater Savings Bank and Mansfield Bank plan to merge
December 13, 2019
Bridgewater, MA According to Bridgewater Savings Bank and Mansfield Bank, after months of discussion and due diligence, the boards of directors of both banks have signed a Merger Agreement to join the two banks into a single
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