Massachusetts
STAG Industrial Lines Up $300M Refi on Term Debt
Boston-based REIT STAG Industrial has refinanced $300 million of unsecured debt previously scheduled to mature within the next year. The two term loans… Read more
Carr Properties’ Paul Stromberg Joins Marcus Partners
Boston-based Marcus Partners has recruited Paul Stromberg to help lead an expansion in the Washington, D.C. metro area. As SVP of asset… Read more
Historic Tax Credits Help Fund Adaptive Reuse in North Brighton
Twain Financial Partners announced the investment of $1.6 million in federal historic tax credit equity for the historic renovation and adaptive reuse… Read more
Industrial Will Remain “Economic Bright Spot” for Boston
Despite the devastating health impacts of the COVID-19 pandemic, industrial demand is anticipated to be “an economic bright spot,” JLL… Read more
Jack Callahan, Founder of John T. Callahan & Sons, Passes Away at 90
John “Jack” Callahan Jr., founder of John T. Callahan & Sons, passed away on March 29, 2020 from Alzheimer’s disease.… Read more
Meridian Associates Names New CEO
Civil engineering firm Meridian Associates, based in Beverly, MA, has named Douglas F. Reed as its new president and CEO. The 35-year… Read more
Walsh Looks Ahead to Restarting Boston Construction
Even as he reiterated that Boston’s pause on non-essential construction remains in effect, Mayor Martin Walsh said new safety guidelines… Read more
Newly Built West Roxbury Apartments Fetch $42M
Law firm Nixon Peabody represented EA Fish Development and its partner Luzern Associates LLC in the sale of the Oak… Read more
Mass. Unemployment Projected at 18% by Q4
The Massachusetts Taxpayers Foundation (MTF) said tax revenues for fiscal 2021 are projected to fall by 14.1% from the January… Read more
Delivery of Harvard’s Engineering Complex Pushed Back to 2021
With construction halted by COVID-19, Harvard University’s new Science and Engineering Complex (SEC) in Allston will move its planned fall… Read more
Massachusetts Joins Regional Group on Reopening State Economies
Massachusetts Gov. Charlie Baker said Tuesday the commonwealth had joined the group of six neighboring Northeastern states to develop a… Read more
NY Investor Snaps Up Lowell Walgreens
Marcus & Millichap arranged the sale of 1765 Middlesex St. in Lowell, MA. The site is currently occupied by Walgreens, and… Read more
Alnylam Eyes Cambridge Expansion Following $2B Blackstone Financing
Following Blackstone’s $2-billion investment in Alnylam Pharmaceuticals, the Cambridge, MA-based life sciences company said Monday it was in discussions with… Read more
Providence MOB Trades in 1031 Exchange
NKF closed on the $3.5-million sale of a medical office building at 111 Plain St. in Providence, RI, on behalf… Read more
Walker & Dunlop Brings in Gustafson to Lead Apprise in Northeast
Walker & Dunlop, Inc. has expanded its multifamily appraisal business, Apprise, with the addition of managing director Corey Gustafson. Based in Boston, Gustafson… Read more
MassHousing Crosses $1B Threshold in MAP Lending
MassHousing has surpassed $1 billion in lending through HUD’s Multifamily Accelerated Processing (MAP) program, preserving the affordability of 43 affordable housing communities… Read more
Pandemic Leads AEW to Suspend Payouts on Core Property Fund
Boston-based investment manager AEW has suspended redemption payouts for AEW Core Property Trust, its $7.2-billion US open-end core vehicle, PERE… Read more
Denver Metro Industrial Asset Achieves Full Lease-Up
Denver-based DPC Companies and Boston-based Long Wharf Capital signed more than 200,000 square feet of leases at 333-335 Centennial Parkway… Read more
WinnCompanies Elevates Benskin to COO Role
WinnCompanies appointed EVP Terri Benskin as COO of its property management arm, WinnResidential. Creation of the COO role was envisioned… Read more