Massachusetts
Driftwood Capital Originates $44M Mezzanine Loan for Economy Hotel Portfolio
Coral Gables, FL-based Driftwood Capital has provided $44.5-million financing to an institutional owner of hospitality assets for acquisition of 26… Read more
Marcus Partners Closes $650M Fund at $100M Over Original Target
Boston, MA-based Marcus Partners has closed Marcus Capital Partners Fund IV, L.P., with commitments totaling $650 million, which exceeds both… Read more
Innovative Industrial Properties Buys $22M Cannabis Facility in Webster
Innovative Industrial Properties, Inc., a real estate company focused on the regulated US cannabis industry, has completed the $21.5-million acquisition… Read more
WeWork Launches Global Partnerships to Bolster Return-to-Work Plans
WeWork has launched a global initiative comprised of 11 individual strategic partnerships, designed to foster a flexible return to work… Read more
Northmarq Lines Up Acquisition Loan for Busy Hoboken Parking Garage
Daniel Karp, VP of Northmarq’s Boston regional office, arranged $26.4 million in acquisition financing for the eight-story, 1,250-space Hudson Tea… Read more
City of Boston, Sasaki Undertake Universal Accessibility Renovation in BCHP
The City of Boston and design firm Sasaki have started a renovation of the Boston City Hall Plaza that will… Read more
Lee & Associates, Boston Welcomes Evan Koogler into Director Position
Lee & Associates, Boston has added Evan Koogler as director. In this role, Koogler will focus on the office, industrial… Read more
Boston Properties Releases 480K-SF Downtown DC Office for $531M
Boston, MA-based Boston Properties, Inc., has completed the disposition of 601 Massachusetts Avenue in Washington, DC, for a gross sales… Read more
E3 Development to Convert Somerville Parking Lot into Affordable Apartments
E3 Development, LLC, and MassHousing have closed on a total of $4.1 million in affordable and workforce housing financing to… Read more
601 Massachusetts Avenue Office Building in DC Sells for $531M
Boston, MA-based Boston Properties, Inc., has completed the disposition of 601 Massachusetts Avenue in Washington, DC, for a gross sales… Read more
Intercontinental Real Estate Drops $108M for Boston Industrial Portfolio
Intercontinental Real Estate Corporation has paid $107.5 million to acquired Yard 5, a three-building industrial portfolio totaling 196,000 square feet… Read more
Sapient Equities Sells 85K-SF Industrial Asset in Burgeoning Windsor Locks
Sapient Equities has sold 293 Ella Grasso Turnpike, an 85,000-square-foot industrial warehouse in Windsor Locks, CT. The property features ceiling… Read more
Blackfin Real Estate Investors Sells Charlotte Multifamily for $78M Following $19M Purchase in 2017
Arlington, VA-based Blackfin Real Estate Investors has closed on sale of Pressley South End apartments in Charlotte, NC for $78… Read more
Strategic Land Ventures to Build Mixed-Income Projects in Winchester with $85M from CSB
Needham, MA-based Strategic Land Ventures has received loans totaling $84.5 million from Cambridge Savings Bank to finance the construction of… Read more
Joint Venture Lets Go of Fairfield Inn Properties in Woburn, Portsmouth
A joint venture of funds managed by Contrarian Capital Management and Waramaug Hospitality have disposed of Fairfield Inn Boston Woburn/Burlington… Read more
New Office Demand Drops Nationally in July
New demand for office space fell in July to just over half of its pre-pandemic pace, according to the latest… Read more
Rockland Trust Provides $13M to MAB Community Services to Purchase Group Homes
Rockland Trust has provided over $13 million in financing to MAB Community Services for the purchase of 16 group homes… Read more
Inland Securities Corporation Adds John Cardillo as SVP of Sales, New England
Inland Securities Corporation, the dealer manager and placement agent for real estate investment programs offered by Inland Real Estate Investment… Read more
Partners Use $58M to Buy Canton Office, Redevelop into Spec cGMP Facility
Apollo Global Management and Jumbo Capital have purchased 30 Dan Road, a two-story office building in Canton, MA, for $21… Read more