Apartment Developers Turn to Non-Bank Lenders for Construction Loans

By Bendix Anderson  Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment buildings. But rising interest rates and a string of banks failures—most prominently Silicon Valley Bank, Signature Bank […]

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Firefly grows in wake of healthcare disruptions in southeastern Mass.

By Cassie McGrath – Reporter, Boston Business Journal Healthcare in southeastern Massachusetts has been hampered by unforeseen events this year. In June, Quincy-based physician organization Compass Medical abruptly shut down, leaving many in Southeastern Massachusetts without access to primary care providers. That came on top of a shutdown of parts of Signature Brockton Hospital in February due to an 11-alarm […]

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State may deny grants to communities that don’t comply with new MBTA housing law

By Andrew Brinker Globe Staff, Massachusetts housing officialson Thursday added to their arsenal of financial penalties for communities that don’t comply with an ambitious new state law to boost housing development near transit stops, while granting them one big compromise that may make it easier to meet its requirements. The new rules threaten towns that avoid rezoning under […]

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A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due

By Konrad Putzier Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property world. Investors bid up the prices of multifamily buildings for years, attracted by steadily rising rents and the prospect of outsize returns. Many took on too much debt, expecting they could raise rents fast enough to […]

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These retailers will take over Bed Bath & Beyond’s ‘top-notch’ store leases

Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part of its bankruptcy proceedings, court records show.  The doomed big-box store selected bidders for 109 of its leases after a Monday auction. Off-price giant Burlington agreed […]

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