Massachusetts
New Balance Opens $65M Factory Addition in Maine
Boston-based athletic shoe manufacturer New Balance has opened a $65-million expansion of its Skowhegan, ME manufacturing facility. The company has… Read more
Broder Secures $8M Financing for Financial District Offices
JLL Capital Markets arranged $8 million in financing for 15 Broad St., a 10-story, 75,000-square-foot, jewel box office building in Boston’s… Read more
Affordable Units, Public Library to Rise on City-Owned Parking Lot in Boston’s Chinatown
City and state officials joined the Asian Community Development Corporation (ACDC) for the groundbreaking of the Parcel R-1 redevelopment at… Read more
Insurer Expands to 25K SF at Resnick’s One Seaport Plaza
Jack Resnick & Sons finalized a five-year lease renewal and expansion with Seneca Insurance Company at One Seaport Plaza, Resnick’s office tower located at 199… Read more
Milford Sale Indicative of Demand for Medical Office
Marcus & Millichap arranged the sale of Hill Office Park, a three-building, 39,424-square-foot medical office park in Milford, MA. The… Read more
Planning & Development Agency Approves New Downtown Boston Zoning
The Boston Planning & Development Agency (BPDA) voted to approve new zoning for Downtown Boston that would allow towers up… Read more
PREIT Completes $56M Refi of Dartmouth Mall
PREIT closed on a $56-million loan secured by Dartmouth Mall in North Dartmouth, MA, further advancing the company’s strategy to reduce… Read more
KKR Signs First Downtown Boston Office Lease at International Place
The Chiofaro Company and PGIM Real Estate said Thursday that KKR has signed a 15-year lease for 132,529 square feet… Read more
MassDevelopment Arranges Financing for Jamaica Plain Conversion
MassDevelopment has issued a $37,630,000 tax-exempt bond on behalf of 361 Centre St LLC, an affiliate of Pennrose, LLC, which… Read more
Biogen Breaks Ground on Kendall Common Headquarters
Biogen held a ceremonial groundbreaking for the first private development in MIT’s three-million-square-foot Kendall Common in Cambridge, MA. The new… Read more
Everett Affordable Project Secures $56M from Tax-Exempt Bond, LIHTC
MassDevelopment has issued a $34,308,000 tax-exempt bond on behalf of 25 Garvey Street Housing, LLC, an affiliate of Atlanta-based Impact… Read more
Massachusetts Auctions Surplus Land for Housing Development
The Commonwealth of Massachusetts has auctioned off five parcels of surplus land for housing in the first such sales under… Read more
Simon’s Shops at Chestnut Hill Undergoes Refresh
Retail REIT Simon has launched a comprehensive revitalization of The Shops at Chestnut Hill, an upscale, two-level enclosed shopping center in the Chestnut Hill area… Read more
Healey Proposes Fast-Tracking Environmental Review for Housing Projects
Massachusetts Gov. Maura Healey announced draft regulations to accelerate environmental review of qualifying housing projects. The proposal would allow these… Read more
Blackstone Acquires 352-Key Brickell Hotel
Trinity Investments and Certares Real Estate Management offloaded the 352-key EAST Miami in Florida to funds affiliated with Blackstone Real… Read more
JLL’s Patrick Shields Relocates to Join Boston Team
JLL Capital Markets announced the relocation of managing director Patrick Shields from its Chicago office to partner with managing director Scott Carpenter and strengthen… Read more
Fenway CDC Opens First Ground-Up Construction in Two Decades
The City of Boston and the Fenway Community Development Corporation (CDC) commemorated the opening of Burbank Terrace Apartments. The project… Read more
Qinetiq Renews Lease for Nearly 50K SF of R&D Space in Waltham
R.W. Holmes arranged a lease extension of 49,260 square feet of R&D space at Waltham Research Park, 358 2nd Ave.… Read more
Newmark Lines Up $167M of Debt for Santa Clara Office Acquisition
Newmark arranged $167.1 million in acquisition financing for The Campus @ Scott, a three-building, 460,000-square-foot Class A office complex located… Read more