News: Financial Digest

Capital One Bank provides $96.3 million loan to Jamestown Premier 245 First, LLC

Capital One Bank has provided a $96.3 million, seven-year term loan to Jamestown Premier 245 First, LLC. The loan will be used to finance the acquisition of Riverview, a commercial real estate property. Jamestown is a real estate investment and management company headquartered in Atlanta. The Riverview property consists of two buildings located at 245 First St. in Kendall Sq. with a total of 300,000 s/f: an 18-story office tower that sits atop a 344-space parking garage; and Cambridge Science Center, a six-story, life science facility that was converted in 2004. "Jamestown has become a close and valued client of ours, and we are pleased to help them acquire this premier property," said Ben Stacks, Greater New York market manager, Capital One Bank commercial real estate. "We look forward to supporting their future financing needs." "Capital One Bank continues to present us with strong financing solutions that are tailored to our needs," said Shak Presswala, head of capital markets at Jamestown. "Their dedicated commercial real estate team provides exemplary service that will help us achieve our long-term goals." Capital One Bank's commercial real estate group provides financing in markets including NY; NJ; MA; PA; Washington, D.C.; VA; MD; TX; and LA. The group offers a comprehensive array of solutions for property owners and developers, including commercial lending, financing, underwriting, and treasury management. Capital One Financial Corp. is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank(USA), N. A., had $206.9 billion in deposits and $289.9 billion in total assets as of September 30, 2013. Headquartered in McLean, VA, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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Investing in a falling rate environment - by Harrison Klein

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