Massachusetts
Kaplan Construction Completes Adaptive Reuse in Somerville
Kaplan Construction has completed CALA, a 91,000-square-foot adaptive reuse of the former Powder House Community School in Somerville, MA. Located at 1060 Broadway, CALA includes 48… Read more
Rise Together Files Plans for Developing Sullivan Square Parcels
Boston developer Rise Together has officially launched the process of developing the 40 parcels it has accumulated in and around Sullivan Square… Read more
Scattered-Site Boston Affordable Garners $31M Financing
MassHousing has closed on $31.4 million in affordable housing financing to The Community Builders, Inc. (TCB) for the refinancing and extension of affordability… Read more
Single-Tenant Offices Fetch $36M in Somerville
JLL Capital Markets closed the $35.5-million sale of 35 Medford St., a three-story office property totaling 58,156 square feet in Somerville,… Read more
Shareholders Sign Off on Merger of RMR Mortgage Trust, Tremont Mortgage Trust
Shareholders of RMR Mortgage Trust (RMRM) and Tremont Mortgage Trust (TRMT) have approved the merger of RMRM and TRMT, the two Newton, MA-based companies said Monday. The merger is expected to become… Read more
Calare Acquires Newton Industrial/Flex Portfolio
Calare Properties has completed the acquisition of a well-located industrial/flex portfolio totaling more than 73,000 square feet in Newton, MA, with prime visibility… Read more
Clarion Partners Trades Cambridge Office Campus for $180M
Newmark arranged the $180-million sale of the Cambridge Highlands Campus, a four-building office/R&D campus in Cambridge, MA, that serves as the… Read more
MassHousing Funds Expansion of Senior Rentals in Newton
MassHousing has closed on a total of $23.5 million in affordable housing financing to the nonprofit 2Life Communities for the expansion of… Read more
Leggat McCall, Granite Secure Funding for East Cambridge Office Redevelopment
(Updated with additional information) A joint venture of Leggat McCall Properties and Granite Properties has secured capital funding for the full redevelopment of 40 Thorndike, a… Read more
Davis Companies Names VP of Development
Kristopher Yetman has joined The Davis Companies as VP of Development, a newly created role. He’ll be involved with early-stage pre-development activities… Read more
King Street, Brookfield Form Life Science Real Estate JV
Boston-based King Street Properties, which specializes in life science real estate, has formed a partnership to pursue investment in life science… Read more
Hines Promotes Sarah Hawkins to East Region CEO
Sarah Hawkins, based in Hines’ New York Office, has been promoted to CEO of the U.S. East Region, effective immediately. Established… Read more
Taurus Names Managing Director of New Energies and Sustainable Investments
Taurus Investment Holdings, LLC, headquartered in Boston, has appointed Eric Bradley as managing director of new energies and sustainable investments. He joins Taurus as managing director overseeing the firm’s two subsidiaries… Read more
SVN | Parsons Completes Pair of Industrial Leases in Haverhill
SVN | Parsons Commercial Group | Boston completed two industrial leases for MKS Instruments, Inc. and Circuit Breaker Sales NE… Read more
Proxy Advisory Firms Endorse Merger of RMR, Tremont Mortgage REITs
Tremont Mortgage Trust and RMR Mortgage Trust announced separately Monday that proxy advisory firms ISS, Glass Lewis and Egan-Jones all have recommended… Read more
Meridian Arranges Refi on East Fenway Apartments
Meridian Capital Group arranged $18.8 million in financing to refinance a 30-unit multifamily property on Hemenway Street in Boston. The building is situated… Read more
Omni Hotel Holds Grand Opening in Seaport
Omni Hotels & Resorts’ Omni Boston Hotel at the Seaport marked its grand opening recently. At 1,054 keys, it’s reportedly the largest hotel project to open in the… Read more
MIT Tech Tracker Charts the Future of Proptech
“What is the future of technology and innovation for real estate?” It’s a question that gave rise to an educational workshop conducted by the Massachusetts Institute… Read more
RPT Realty to Acquire Dedham Shopping Center for $132M
RPT Realty, through its grocery-anchor focused joint venture platform R2G Venture LLC, has announced plans to acquire the Dedham shopping… Read more