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News
Wood Partners Wins Somerville Site Bidding, Increases Plan To 418 Units
1+ mon, 4+ week ago (285+ words) An Atlanta-based developer is the last bidder standing to redevelop a 4-acre city-owned site in east Somerville, and it has altered its project plans. Wood Partners is the winning bidder for the redevelopment of 90 Washington St., a vacant lot near…...
IQHQ Lands Full-Building Lease At Andover Life Sciences Campus
2+ mon, 3+ week ago (456+ words) A beleaguered life sciences developer has notched a major victory in the suburbs of Boston. Clinical-stage radiopharmaceutical company AdvanCell signed a long-term, 128K SF lease at San Diego-based IQHQ's 1 Corporate Drive in Andover, the company announced Monday. The lease brings the…...
Developer Buys Andover Site With 334-Unit Plan: The Boston Deal Sheet
3+ mon, 2+ week ago (559+ words) A Houston-based development firm has acquired a vacant site in Andover with a vision for a multifamily project. The Hanover Co. acquired 300 Minuteman Road in Andover for $2.5M from Spear Street Capital, according to public records. Hanover regional development partner David…...
Worcester Office Conversion Secures $51M Loan: The Boston Deal Sheet
5+ mon, 4+ week ago (638+ words) One of the largest office-to-residential conversions in the state landed financing. Boston-based Synergy secured a $51M loan from MassDevelopment and The Washington Trust Co. for its 198-unit project at 10 Chestnut St. in Worcester. Washington Trust provided a $47.5M loan, while MassDevelopment provided…...
Mesirow Acquires 355-Unit Cambridge Apartment Complex For $218M
7+ mon, 1+ day ago (315+ words) Mesirow Financial acquired the Twenty20 apartment complex in Cambridge Crossing this past week. The Chicago-based investment firm bought the 20-story, 355-unit apartment complex from PGIM Real Estate for $218M, according to public records. The sale was listed on Feb. 10. PGIM sold it…...
FoxRock Secures $128M Loan For 465-Unit Quincy Apartment Community: The Boston Deal Sheet
7+ mon, 4+ day ago (499+ words) FoxRock Properties secured a refinancing loan for a Quincy multifamily community. The Quincy-based developer acquired a $128.2M loan for its 465-unit property at 100 Whitwell St., known as Ashlar Park, from CBRE's Fannie Mae Delegated Underwriting and Servicing platform, according to a…...
Pembroke Acquires 280-Unit Cambridge Property For $170M: The Boston Deal Sheet
8+ mon, 3+ week ago (910+ words) The real estate arm of the parent company of Fidelity Investments acquired the 280-unit Proto in Kendall Square in Cambridge. Pembroke acquired the property for $170M, the Boston Business Journal reported. The property marks the company's fifth residential acquisition in two…...
Worcester's Development Surge Tests City's Ability To Grow Sustainably
10+ mon, 2+ day ago (804+ words) Amid Worcester's growth, local developers and city officials are concerned about how the city can continue to grow sustainably without deterring new development. The city, located roughly 47 miles west of Boston, is the second largest in New England. Over the…...