Category: Financial Digest
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.
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.
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.
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.
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.
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
Cronheim Mortgage secures $24 million financing for Avon Marketplace - a 78,687 s/f lifestyle shoppi...
July 12, 2024
Avon, CT Cronheim Mortgage has secured $24 million in permanent financing for Avon Marketplace, a 78,687 s/f lifestyle shopping center on 17.29 acres. Dev Morris, Andrew Stewart, and Allison Villamagna placed the five-year loan with a portfolio lender
MassDevelopment issues $17m bond on behalf of 733 Broadway, affiliate of Tremont Development Partner...
July 12, 2024
Lowell, MA MassDevelopment has issued a $17 million tax-exempt bond on behalf of 733 Broadway LLC, an affiliate of Tremont Development Partners LLC (Tremont). The company will use bond proceeds to build a four-story, 52-unit affordable rental housing facility
Real Estate Finance Association jumps into summer with golf and tennis tournament
July 12, 2024
Boston, MA REFA’s DEI Committee hosted its first panel on June 18th, Capital Conversations: Navigating Wealth Creation, Equity, and Real Estate Investment at Nutter, 155 Seaport Blvd. The session showcased speakers: Onay Payne, senior managing director at Manulife Investment Management;
Colliers closes $62 million refinancing for 230-unit Addison apartment community - CrossHarbor Capit...
July 12, 2024
East Boston, MA Colliers Capital Markets has arranged a $62 million refinancing for Addison, an apartment community comprising 230 units. A Colliers team led by executive vice president & national debt & equity platform leader Jeffrey Black, vice presidents Bryan Koop and Sean Burke, co-chairman Kevin Phelan and financial analyst Matthew Lombardi
Three North Easton Savings Bank employees graduate from ABA Stonier Graduate School of Banking
July 12, 2024
Easton, MA According to North Easton Savings Bank, three of its employees graduated from the ABA Stonier Graduate School of Banking, a program that equips senior-level bankers with leadership and strategy skills.
Worth Avenue Capital, LLC funds a $4.5 million loan for development of a 320-unit apt. complex in Gl...
July 12, 2024
Glastonbury, CT Worth Avenue Capital, LLC (WAC) closed a $4.5 million commercial loan for one of the premier real estate developers in Southern New England. The loan proceeds will be used by the sponsor to restructure existing debt and for working capital and development purposes on ten plus acres
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