News: Financial Digest

J.M. Feeney arranged financing of $3.8m for the Heritage Building

John Feeney, principal of J.M. Feeney & Associates, has arranged permanent financing in the amount of $3.8 million for The Heritage Building, 1495 Hancock St. The Heritage Building is a four-story steel and masonry multi-tenant retail and office building. Originally constructed in 1920, the building was completely renovated in the early 1980s. Formerly the headquarters of The Bank of New England, the building is fully sprinklered and has two elevators. The gross building area is 41,990 s/f. The building's primary architectural features are its concrete aggregate facade which rises from a polished black marble base and its reflective plate glass along the front and rear of the property. The first floor is occupied by Alba Restaurant, a restaurant that opened in 2002.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.