Category: Finance

North Attleboro, MA Rockland Trust has provided financing to 150 Draper LLC for the construction of a new 40-unit mixed-income multifamily housing complex at 150 Draper Ave. The newly formed 150 Draper LLC is managed and co-owned by Kevin Lobisser of the Lobisser Companies.

Yes, but not the way you may think. Lenders who provide mortgage financing want assurances that their financed projects will be completed in accordance with the approved plans and specifications. The last thing lenders want is to be left with an unfinished project which fails to produce cash flow, especially if repayment of the financing is contingent upon completion of the project.

With apartment vacancy rates low, rents high, home-ownership out of reach for many residents and homelessness rising year after year, many communities in the Northeast are experiencing a housing crisis.

Boston, MA Jeremy Cyrier, CRE, president and commercial real estate advisor of MANSARD of Boston, has been awarded the CRE (Counselor of Real Estate) designation by The Counselors of Real Estate, a global organization of commercial property advisors.

Boston, MA Newmark has hired James Renner as a senior managing director and valuation & advisory (V&A) market leader for New England, including Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. He is based in Newmark’s Boston office.

Boston, MA REFA Emerging Leaders hosted an Executive Insights on March 20^th at Tishman Speyer’s Studio Gather, 125 High St. They heard from the 2024 REFA Gala honoree, Paul Nasser, president, Intercontinental Real Estate Corp. He discussed his upbringing,

Over the last several years, I have personally witnessed, and in one case, participated in, the “unwinding” of a residential condominium structure. The reason for, and process of, has often been recent climatic destruction such a hurricane or fire. But, as in the case of the tragic southeast Florida building collapse, it can simply be old age deterioration, outdated building codes,

Providence, RI Washington Trust’s Commercial Banking Group recently provided $11 million in financing to Track 15 Operating, LLC for construction and equipment financing for Track 15, an 18,000 s/f food hall located in the former Union Station, One Union Station.

Boston, MA MassDevelopment has issued a $45.22 million tax-exempt bond on behalf of 127 Amory Street, LLC, an affiliate of The Community Builders, Inc., which will use proceeds to build a six-story, 96-unit affordable multifamily housing development at 127 Amory St. in the city’s

South Boston, MA WinnCompanies and the Boston Housing Authority (BHA) have closed on financing for the construction of a new $62 million apartment building and $8 million in major infrastructure work for the redevelopment of the Mary Ellen McCormack public housing complex

Williamstown, MA Rockland Trust has provided $23.15 million in financing to 250 Water Street LLC, sponsored by Mitchell Properties and led by Causeway Development, for the construction of River Lofts - the third phase of the Cable Mills development. This new residential community will feature 54 mixed-income rental units,

Canton, MA Gray, Gray & Gray, LLP, an accounting and business consulting firm, has been ranked as the 18^th largest accounting firm in Massachusetts by the Boston Business Journal. The publication’s annual rankings are based on the size of the firm’s professional staff