May 15, 2024
Property

Property transfers that took place in April in Greater New Bedford

One of this week’s top-selling homes is a renovated Colonial with water views in Freetown that sold for $1,035,000. Built in 1994, the single-family house situated on a 1.56-acre lot at 69 Narrows Road, Freetown, boasts 3 bedrooms with bonus playroom and 3.5 baths.  Overlooking Assonet Bay and Shepherds Cove, the 3,924-square-foot home features a

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Investment

Asheville-based renewable energy company receives $650M investment

ASHEVILLE – A local renewable energy company has received a over half billion dollar investment to allow the company to expand their services and continue the development, operation and financing of solar energy production and energy storage facilities. Pine Gate Renewables, based in Asheville, has received a $650 million investment from three investment partners: Generate

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Loans

Nonprofit awards $12 million in loans to Ventura County projects

A nonprofit lender that supports developers building affordable housing announced Thursday it will loan $12 million to several projects in Ventura County. Housing Trust Fund Ventura County will make loans to Arrive Ventura and Valentine Road Apartments in Ventura, Citrus Flats in Santa Paula and Aspire Apartments in Oxnard. “For us to approve $12 million

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Property

Rental scams soared during the pandemic, hurting renters and landlords

Inflation, undersupply, high demand and exorbitant home prices are often reasons cited for why rents are high. But there’s another few people talk about, rampant fraud. Since the pandemic, rental fraud has exploded nationwide. Nearly all respondents (93.3%) to a survey of members of the National Multifamily Housing Council (NMHC) and the National Apartment Association

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Property

NJ’s property tax rate leads the country. Where does your town stand?

New Jersey’s 564 towns all levy property taxes and invariably receive backlash over the cost — not surprising, as the state boasts the highest concentration of the highest property tax bills in the nation. Its property tax rate on owner-occupied property as a percentage of home value leads the 50 states, according to a 2023

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Mortgage

OceanFirst makes mortgages more affordable, if you can find the home

MARLBORO – Patricia Kelly signed up for affordable housing 2½ years ago, hoping to buy a place of her own where she and her disabled daughter, Jessica, could live with security, steady payments and, finally, their own bedrooms. Last fall, a two-bedroom townhouse came onto the market. Its walls were black. It smelled of cigarette

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Investors

Where did the money go?

What happened to all the money entrepreneur Rodney Grubbs borrowed from his creditors, including dozens of friends and associates he met in the fast-growing world of pickleball? That was the $47 million question at a hearing Tuesday in Grubbs’ bankruptcy case. And the answer remained a mystery at the conclusion of a virtual meeting of

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Investment

Detroit nets $1B housing investment with E Jefferson development

A milestone East Jefferson Avenue residential development has just pushed Detroit affordable housing investments since 2019 past $1 billion, officials announced Friday. Gathered at the construction site, a 150-unit riverfront affordable housing development near Van Dyke Avenue, Mayor Mike Duggan, investors, developers and other government officials celebrated 71 affordable housing projects built or under construction

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Finance

Banking, finance sector layoffs hit NJ

Some of the world’s largest banks and financial institutions are cutting their head counts to tighten budgets amid uncertain economic times, and the phenomenon has hit New Jersey. Data from state filings showed that five financial institutions announced New Jersey layoffs so far in 2024: The Bank of New York Mellon Corporation, TD Bank, Prudential

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Property

Property transfers this month in the Greater New Bedford

This week’s top-selling home in Dartmouth is a cozy Cape that sold for $612,500. Located in a sought-after neighborhood, 632 Elm St. could use some updating but it retains a lot of charm.  The four-bedroom home with 1,874 square feet of living space has brand-new oak floors, sun-drenched rooms, and impeccably made built-ins. It offers a sweet

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