 (1).gif)
News:
Finance
Posted: March 10, 2010
Washington Trust provides $5.2 million refinancing for Meriden Retail's Silver Commons Shopping Center
Washington Trust's Commercial Real Estate Group has provided $5.2 million in financing to Meriden Retail, LLC for refinancing the Silver Commons Shopping Center, located along South Broad St. on Rte. 5.
The property consists of a multi-tenanted retail building and a free-standing bank branch totaling 26,260 s/f. The center is leased to a variety of regional and national tenants including Starbucks, Cold Stone Creamery, AT&T, Aspen Dental, Hair Cuttery, Fed Ex/Kinko's, Liberty Travel, and Pizza Hut.
"We wish Meriden Retail the best of luck with the Silver Commons Shopping Center, a complex that offers great retail shopping to the central Connecticut market," said Joseph MarcAurele, Washington Trust's president and chief operating officer.
Tags:
Finance
MORE FROM Finance
From the mayor’s office to the World Cup: A dynamic season at RE&FA
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
 (1).gif)
Quick Hits
Columns and Thought Leadership
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
