Boston Commercial Real Estate News

Quincy, MA-based Lee Kennedy Co., Inc., has completed construction on the Boston Arts Academy’s new $117-million facility at 174 Ipswich Street in Boston, MA. The 154,000-square-foot building, which is across from Fenway Park, will permit Boston Arts Academy to increase its enrollment by 15%. Each floor within the building is dedicated to a different art discipline with common areas throughout to encourage spontaneous performances and instruction. All levels offer flexible classrooms and different learning environments, including a STEAM lab where students can explore how subjects like math, science and technology intersect with the arts. Large public spaces, such as the lobby, double as art galleries where student work is displayed. A 500-seat theater featuring a proscenium stage is available to host both student and local-artist performances that incubate a community learning environment where students can create their own work and be inspired through working artists in and around Boston. The new facility also provides better rehearsal studios, high-tech fashion and fine art studios, a gymnasium, dance studios, a rooftop recital hall, and more. Many of the spaces are equipped with the latest technology used by professional artists, allowing students to gain experience using the same equipment they will eventually utilize outside of the classroom.

The Curtain Drops on Boston Arts Academy’s New $117M Building

By Lisa McDuffie | November 08, 2022 Quincy, MA-based Lee Kennedy Co., Inc., has completed construction on the Boston Arts Academy’s n...Read more

Taurus Investment Holdings and Aegon Asset Management have completed the recapitalization of Rosemont at Windermere in Orlando, FL.

Taurus Investment Holdings, Aegon Asset Management Finalize $86M Recap of Multifams Targeted for ESG Retrofit

By Lisa McDuffie | November 07, 2022 Boston, MA-based Taurus Investment Holdings and Aegon Asset Management have completed the recapital...Read more

Boston Financial has closed the Boston Financial Institutional Tax Credits 57 Limited Partnership, a LIHTC fund, at $164 million.

Boston Financial Closes $164M LIHTC Fund to Support Affordable Housing in 13 States

By Lisa McDuffie | November 04, 2022 Boston, MA-based Boston Financial, a syndicator of Low-Income Housing Tax Credits has closed the Bo...Read more

Jillian Standish has been named senior vice president and chief equity officer at Merchants Capital new Boston, MA location.

Merchants Capital Opens Boston Office, Names Jillian Standish to Leadership Role

By Lisa McDuffie | November 03, 2022 Merchants Capital has opened a regional office location in Boston, MA and appointed Jillian Standis...Read more

Related Beal has received approval for its $1.2-billion Chanelside development in the Fort Point area of Boston, MA.

Related Beal’s $1.2B Channelside Development in Fort Point Greenlighted by City of Boston

By Lisa McDuffie | November 01, 2022 The City of Boston has approved a $1.2-billion Fort Point development that is set to create residen...Read more

The 1912-constructed office building at 581 Boylston Street in Boston, MA has been sold for $20 million.

1912-Vintage Office in Boston’s Back Bay District Swaps Ownership for $20M

By Lisa McDuffie | October 28, 2022 Coldwell Banker Commercial Realty has facilitated the $19.5-million sale of 581 Boylston Street, a ...Read more

John Nasca has been named executive director of capital markets at Lee & Associates Boston.

Lee & Associates Boston Adds John Nasca to Head Up Capital Markets Team

By Lisa McDuffie | October 27, 2022 Lee & Associates Boston has welcomed John Nasca as executive director to lead the capital marke...Read more

East Boston Community Development Corporation has acquired a 36-building multi-housing portfolio in East Boston, MA for $47 million.

EBCBC Expands Affordability in Boston with $47M Buy of 36-Building Multifamily Portfolio

By Lisa McDuffie | October 19, 2022 East Boston Community Development Corporation has acquired a 36-building, 114-unit, multi-housing p...Read more

Suffolk has been recognized with a Healthcare Facilities Symposium Distinction Team Award for its Hale Family Building project at Boston Children’s Hospital.

Suffolk Earns Healthcare Facilities Symposium Award for Boston Children’s Hospital Project

By Lisa McDuffie | October 18, 2022 Boston, MA-based Suffolk has been recognized with a Healthcare Facilities Symposium Distinction Tea...Read more

Greystar Real Estate Partners, LLC has acquired and begun construction on a warehouse at 798 N Bedford Street in East Bridgewater, MA.

Greystar Real Estate Partners Extends $2B Logistics Portfolio into Boston with Warehouse Project

By Lisa McDuffie | October 18, 2022 Charleston, SC-based Greystar Real Estate Partners, LLC, has entered the Boston-area logistics mark...Read more

Urban Edge has completed the Holtzer Park affordable community in the Jamaica Plain neighborhood of Boston, MA.

Urban Edge Completes Affordable Community in Boston’s Jamaica Plain

By Lisa McDuffie | October 17, 2022 Urban Edge has completed Holtzer Park, a community of 62 rental apartments on Amory Street in the J...Read more

Breakthrough Properties has opened The 105 by Breakthrough, a life science office-and-lab facility in Boston, MA.

Breakthrough Properties Opens 264K-SF, Fully Leased Life-Science Property in Boston

By Lisa McDuffie | October 14, 2022 Breakthrough Properties has opened The 105 by Breakthrough, a 263,500-square-foot life science offi...Read more

DivcoWest has provided a floating rate, senior mezzanine loan to Fortis Property Group as part of the $1-billion refinancing of One Lincoln in Boston, MA.

DivcoWest Joins MSD Partners-Led $1B Refinancing of One Lincoln Tower in Boston

By Lisa McDuffie | October 07, 2022 DivcoWest has provided a floating rate, senior mezzanine loan to Fortis Property Group as part of t...Read more

Marilyn Shen has been promoted to managing principal at TRIA in Boston, MA.

TRIA Promotes Marilyn Shen to Managing Principal

By Lisa McDuffie | October 06, 2022 Boston, MA-based TRIA has promoted Marilyn Shen to managing principal. Moving forward, founding par...Read more

An expansion of the South Station in Boston will provide 670,000 square feet of office space and 166 residential units.

Hines’ South Station Expansion to Include 670K SF of Office, 166 Residences

By Lisa McDuffie | September 29, 2022 Hines has celebrated the next chapter in the expansion and improvement of the Governor Michael S. D...Read more

Jonathan Ross has joined BentallGreenOak in Boston, MA as managing director.

BentallGreenOak Names Jonathan Ross as Dual-Role Managing Director

By Lisa McDuffie | September 29, 2022 BentallGreenOak has appointed Boston, MA-based Jonathan Ross as managing director in a dual role: h...Read more

Neighborhood Property Group has secured $19.6 million in acquisition financing for a parking garage on Beach Street in Boston, MA.

Neighborhood Property Group Targets Boston Garage with $20M Financing

By Lisa McDuffie | September 26, 2022 Neighborhood Property Group has secured $19.6 million in acquisition financing for 14 Beach Street,...Read more

EagleBridge Capital has arranged $4.4 million in permanent mortgage financing for a group of retail and apartment properties in New Canaan, CT.

EagleBridge Capital Arranges $4M Mortgage Financing for New Canaan Properties

By Lisa McDuffie | September 26, 2022 Boston, MA-based EagleBridge Capital has arranged permanent mortgage financing in the amount of $4....Read more

Lendlease and Ivanhoé Cambridge have started construction the $500M FORUM life science development at in Boston, MA.

Lendlease, Ivanhoé Cambridge Launch $500M Life-Science Property in Boston Landing

By Lisa McDuffie | September 23, 2022 Lendlease and Ivanhoé Cambridge have started construction on the partnership’s $500 million life...Read more

Fortis Property Group has closed $1 billion-plus refinancing of the One Lincoln office tower in Boston, MA.

Fortis Property Group Closes $1B Refi, Secures New Anchor for One Lincoln in Boston

By Lisa McDuffie | September 19, 2022 Fortis Property Group has closed $1 billion-plus refinancing of One Lincoln, a one million-square-f...Read more

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