Boston & New England

Related Beal, in partnership with Freeport Equity, has acquired Motor Mart Garage, a mixed-use parking and retail asset in Boston’s Back Bay neighborhood. Terms were not disclosed. The seller was CIM Group, which acquired the historic property in 2016 and initially planned to redevelop it as residential. CBRE Capital Markets brought the century-old asset to …

Boston Financial, the longest-standing syndicator focused exclusively on affordable housing, has closed on Boston Financial Institutional Tax Credits 63 Limited Partnership (ITC 63), a $191-million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. Seven institutional investors participated in ITC 63, enabling the deployment of capital with 14 affordable housing developers across 16 communities in 12 states …

Massachusetts is proposing 34 fewer neighborhoods in a second iteration of the federal Opportunity Zone program that gives investors tax benefits in return for their involvement, reported the Boston Business Journal. The Healey administration is submitting 104 zones, with tighter federal restrictions on the zones eliminating about 25% of the zones that qualified when the …

Massachusetts Gov. Maura Healey announced $330 million for 403 local economic development and housing projects in 207 communities across the commonwealth through the Community One Stop for Growth. The awards will support more than 27,000 new homes, more than 13,000 permanent jobs, and more than seven million square feet of new commercial development, while helping …

WinnCompanies and development partner Arch Communities have completed The Eastwalk, a 56-unit, transit-oriented, mixed-income development in Braintree, MA. The $47-million project was built on the long-vacant location of the Braintree Electric Light Department power plant. Federal, state and local officials joined WinnCompanies executives for a tour of the five-story community, which offers a range of …

Gale Associates, Inc. has been selected to provide on-call engineering services for Martha’s Vineyard Airport in West Tisbury, MA. Through the agreement, Gale’s Airport Engineering & Planning Group will support the airport’s infrastructure needs and capital improvement priorities as assignments are identified. “The Martha’s Vineyard Airport is pleased to welcome Gale Associates to our consulting …

A joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Rd. in Windsor, CT, near Hartford’s Bradley International Airport. The acquisition price was not disclosed. All three partners are based in the New York City area. Built in 1975, the site …

Biotech firm Invivyd is more than tripling its headquarters space in downtown New Haven, CT by signing a long-term lease for about 33,000 square feet at a landmark building neighboring Yale University. The transaction was reported by Hartford Business Journal. Invivyd will take space at 205 Church St., an historic building originally constructed in 1832 …