Category: Financial Digest
Paulsen appointed as senior vice president at Rockland Trust
September 13, 2024
Worcester, MA According to Rockland Trust, Robert Paulsen has been appointed as senior vice president, commercial banking center manager for the local commercial banking center. Paulsen will be leading the local commercial team as well as developing new commercial and industrial (C&I) relationships across the greater Worcester region.
Colliers secures $41.4 million in construction financing
for The Procopio Companies for a 92,000...
September 13, 2024
Marlborough, MA Colliers’ Capital Markets team has secured $41.4 million in construction financing for a multifamily development. The developer, The Procopio Companies, was represented by a Colliers team led by executive vice president Jeff Black, vice president Sean Burke, vice president Bryan Koop and financial analyst Matt Lombardi.
Real Estate Finance Association hosts charitable golf and tennis tournament on July 29th at Woodland...
August 9, 2024
Boston, MA REFA hosted its 2024 charitable golf and tennis tournament on Monday, July 29th. In rain and sun, 124 golfers and 13 tennis players gathered for an exciting afternoon at Woodland Golf Club that included a golf tournament, tennis tournament
Rockland Trust appoints Reilly as vice president
August 9, 2024
Methuen, MA Rockland Trust has appointed Chris Reilly as vice president and commercial banking officer for the bank’s growing North of Boston team. In this role, Reilly will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
Cronheim Mortgage secures $5.5 million permanent financing for Fairfield Shopping Center
August 16, 2024
Fairfield, CT Cronheim Mortgage has secured $5.5 million for the refinancing of the Fairfield Shopping Center, a 72,000 s/f neighborhood retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with a portfolio lender on behalf of Albert D. Phelps, Inc.
Colliers arranges $11 million in financing for Tremont Asset Management LLC
August 9, 2024
Boston, MA Colliers has arranged $11 million in financing for two multifamily properties on behalf of Tremont Asset Management, LLC, a real estate investment and management company that with affiliates has a portfolio of over 3,500 class A apartments
The Village Bank awards 18 scholarships to Class of 2024 students
August 9, 2024
Newton, MA According to Joseph A. De Vito, president and CEO of The Village Bank, the Auburndale Community Charitable Foundation has awarded scholarships totaling $52,000 to 18 local students.
MassDevelopment issues $5.928m tax-exempt bond on behalf of Walnut Street Center, Inc.
August 16, 2024
Bedford, MA MassDevelopment has issued a $5.928 million tax-exempt bond on behalf of Walnut Street Center, Inc. and its affiliate Community Alternative Residential Environments, Inc. The organizations will use bond proceeds to buy and renovate 4-6 Alfred Circle, a 17,500 s/f building
Cela Development secures $6.34 million in financing from Rockland Trust for construction of a mixed-...
August 16, 2024
Weymouth, MA Cela Development Inc. has secured $6.34 million in financing from Rockland Trust for the construction of a mixed-use property on Bridge St. The property spans three floors totaling 31,000 s/f with the ground level designated for retail space.
Staiti promoted to senior vice president, regional executive for commercial banking at Rockland Trus...
August 9, 2024
Worcester, MA According to Rockland Trust, Peter Staiti has been promoted to the position of senior vice president, regional executive for commercial banking. In this new role, Staiti will be responsible for leading and managing a team of experienced commercial banking professionals across Worcester County and Central Massachusetts.
Tropp of Eastern Union arranges $13.297 million financing for ground-up construction of a self-stora...
August 9, 2024
Worcester, MA Marc Tropp, a senior managing director with Eastern Union, has secured $13.297 million in financing toward the ground-up construction of a four-story, 931-unit, self-storage facility at 80 Barber Ave.
JLL Capital Markets secures $27.3 million in financing for a two-building industrial portfolio for N...
August 9, 2024
Hartford, CT JLL Capital Markets has secured $27.3 million in financing for a two-building industrial portfolio spanning over 315,000 s/f in Central Mass. and Greater Hartford, Conn.
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