Category: Financial Digest

Real estate investors maintain an outsized portion of benefits through the Internal Revenue Code versus nearly any other U.S. taxpayer. These opportunities exist through both the operation and eventual liquidation of real property. Even with the multiple options available to investors, many often become paralyzed, refusing to sell at

Boston, MA On Tuesday, June 20^th, at 101 Seaport Blvd., PwC and REFA hosted Perspectives on CRE Valuation in an Uncertain Environment. The panel was moderated by Andrew Alperstein, real estate partner, PwC. Industry experts, Sara Cassidy, managing director, AEW;

Dedham, MA JLL Capital Markets has arranged $190 million in first mortgage refinancing, led by Wells Fargo and Truist, for Legacy Place, a 675,000 s/f, high-performing, grocery-anchored lifestyle retail center. JLL worked on behalf of the borrower, WS Development and Nuveen Real Estate, to secure the loan through a two-bank syndicate.

Taunton, MA Berkeley Partners has secured $3.9 million in financing from Washington Trust’s Commercial Real Estate Group for the acquisition of a fully leased industrial property at 75 John Hancock Rd.

Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)

Boston, MA Three of Boston’s award-winning business leaders in the hospitality and entertainment sector, Nia Grace — owner of Darryl’s Corner Bar & Kitchen and The Underground Café & Lounge — along with Ed Kane and Randy Greenstein — owners of Big Night Entertainment Group — have joined forces to open ‘Grace by Nia’, a modern-day supper club for which Eastern Bank is providing financing

Easton, MA Rich Spencer, president and CEO of North Easton Savings Bank, has been elected to the 20-member board of directors of the Massachusetts Bankers Association (MBA) at its 2023 annual meeting. Founded in 1905, the MBA is the only association representing FDIC-insured community, regional, and nationwide banks

Canton, MA Gray Strategic Partners, LLC, a new boutique investment banking firm, has launched operations with a focus on delivering comprehensive, end-to-end financial and strategic advisory services related to buying and selling businesses, mergers, joint ventures, strategic alliances

Boston, MA Fantini & Gorga arranged a $5 million first mortgage for a multifamily property in the Allston neighborhood. The non-recourse loan was placed with a local bank on behalf of the sponsor, Glen One LLC,

Newton, MA At The Village Bank’s annual meeting held earlier this month, president and CEO Joseph De Vito released the following officer promotions: Andy Franklin was promoted to executive vice president/chief lending officer. Franklin will continue to manage the strategic direction of all commercial, residential and consumer lending activities

The commercial real estate market is seriously troubled, and relief is not in view. That said, not all commercial is the same. The broad group of commercial property includes many groups from multifamily housing, to retail, to self-storage and warehousing. Not all commercial is in the same boat. The best is multi-family. The worst case is office, and even this, can be parsed to include class A new buildings, to older deteriorated ones.

Newton, MA MassDevelopment has issued a $129 million tax-exempt bond on behalf of 2Life Opus Newton LLC, an affiliate of 2Life Communities Inc., which is using proceeds to purchase four acres of land at 777 Winchester St. and build a 174-apartment senior living community for individuals aged 62 and older. Dubbed Opus Newton, the community will offer gathering spaces including a library, café, business center, game room