Sullivan joins HarborOne Credit Union as vice president of commercial real estate
Richard Sullivan has joined HarborOne Credit Union as vice president of commercial real estate. Sullivan, a real estate finance professional brings with him experience having spent over 30 years in the financial services industry.
Sullivan's responsibilities will include efforts in developing and growing a more defined commercial real estate finance portfolio to provide for more commercial loan diversification for HarborOne's balance sheet by serving customers throughout the cities and towns south of Boston.
Prior to HarborOne Sullivan served as senior vice president, commercial real estate for Legacy Bancorp, Inc. and Legacy Banks located in Pittsfield.
Sullivan's community involvement includes leadership positions with such organizations as Berkshire Retirement Home, Berkshire United Way, The Coolidge Hill Foundation, Diocese of Springfield, Pittsfield Catholic Schools and Pittsfield Anti-Tuberculosis Association.
Sullivan is a graduate of Saint Michael's College, VT, and also received his certified mortgage banker (CMB) master designation from the Mortgage Bankers Association of America.
With $1.8 billion in assets, HarborOne is the largest community-based credit union in New England and one of the 100 largest in the United States. It has received its fifth consecutive Outstanding rating for performance under the Community Reinvestment Act (CRA) from the Division of Banks, Commonwealth of Massachusetts.
###
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
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.