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Eastern Mortgage Capital Funds $12.9M For Nursing Homes
Tuesday, July 29, 2008 (352 reads)
Boston-based Eastern Mortgage Capital, a division of Eastern Bank, has financed $12.9 million in permanent financing for Aberjona Nursing Center, a 123-bed nursing facility in Winchester, and Grosvenor Park Nursing Center, a 123-bed facility in Salem.
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Class Action Filings Nearly Double In Past Year
Tuesday, July 29, 2008 (185 reads)
Driven largely by continuing turmoil related to the subprime mortgage/credit crunch, securities-related class action lawsuit filings have nearly doubled in the year-ended June 30, according to a report released today by Cornerstone Research - which has offices in Massachusetts - in cooperation with Calif.-based Stanford Law School's securities class action clearinghouse.
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Corporate Audits Getting Less Expensive
Tuesday, July 29, 2008 (191 reads)
Audit fees paid by S&P 500 companies with more than $1 billion in annual revenue increased by “only” 3.2 percent in 2007 over audit costs in 2006, according to a study by Compliance Week magazine.
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24-Story Tower Proposed For Theater District
Monday, July 28, 2008 (948 reads)
More than a year after plans were withdrawn for a hotel and condominium tower in Boston’s Theater District, a new developer has proposed a 24-story, mixed-use tower for the same site.
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Simon Says: Mall Owner Up 28 Percent
Monday, July 28, 2008 (213 reads)
Indianapolis real estate company Simon Property Group, which operates 14 malls across Massachusetts, has reported net income of $76.6 million for the second quarter of the year, a 28 percent increase from last year. Net income for the same period last year was $59.9 million.
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First National Bank Of Ipswich Q2 Down Slightly
Monday, July 28, 2008 (233 reads)
First National Bank of Ipswich has reported net income of $39,000 for the second quarter, a 26.4 percent decrease from the same period last year. Last year the bank reported net income of $53,000.
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Valliere To Lead MBREA
Monday, July 28, 2008 (216 reads)
Wayne Valliere of Plymouth has been elected president of the Dedham-based Massachusetts Board of Real Estate Appraisers.
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