Graf of Houlihan-Parnes arranges refinancing of 51,628 s/f in Unionville
Ed Graf of Houlihan-Parnes Realty Advisors, LLC has arranged the refinancing of Riversedge Plaza, a 51,628 s/f shopping center located at 45 South Main St. The non-recourse $5,418,500 first mortgage is fixed for 5 years at 4% with a 30-year amortization schedule. The loan was done at par and has a 5-year extension option, plus a right to prepay throughout the term on a descending scale.
The center, anchored by a CVS Pharmacy, is located at the intersection of Rte. 4 and Rte. 177 in Hartford County in central Conn.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary