Boston
Clarion Nabs $296M Financing for M-F Office Portfolio
Clarion Partners will have some hefty payments to make in the new year, now that a $296 million financing package for a 10-building, 1.6 million-square-foot portfolio of Class A office buildings it owns has been completed.
Ashford, Prudential Complete $216M Financing on Three-Hotel Portfolio
Ashford Hospitality, along with its joint venture partner, Prudential Real Estate Investors, has closed a $216 million refinancing loan secured by non-recourse senior mortgage proceeds for a three-property portfolio of hotels.
Converse to Relocate HQs on Boston’s Lovejoy Wharf
North Andover, MA-based sneaker giant Converse wrapped 2012 up with a deal for 186,525 square feet of space in the Hoffman Building, one of the structures on Boston’s Lovejoy Wharf.
BRA Approves $60M Mixed-Use Complex in Downtown Crossing
The Boston Redevelopment Authority (BRA) unanimously voted in favor of a development project called “59 Temple Place” that will transform a pair of connected buildings on Washington Street between West Street and Temple Place in Downtown Crossing into a 135,500-square-foot complex featuring a boutique hotel, restaurant, retail space and a spa center.
Clarion Buys 408 KSF Office Portfolio in Boston’s Blossoming Seaport District for $129M
It’s been a busy couple of quarters for office transactions in Boston’s Seaport District and the change in ownership of the 408,000-square-foot Fort Point portfolio is among the latest.
Skanska Closes Land Purchase for 455 KSF Boston Office Project
Boston remains high on Skanska USA Commercial Development’s radar and the company has just made another move toward increasing its presence in the city.
USGBC Awards LEED Platinum to South Boston’s Castle Square Apartments
The U.S. Green Building Council (USGBC) has awarded LEED Platinum Certification, which is its highest green building rating, to a 540,000-square-foot mixed-use property in Boston’s vibrant community of South End.
JV Seeks Approval to Restart Stalled Lovejoy Wharf Project
A development team including The Beal Cos. and The Related Cos. revealed plans to breathe new life into the long-stalled Lovejoy Wharf project along the Charlestown Bridge the northern edge of the historic Bullfinch Triangle.
HFF Closes $107M Sale of Office Portfolio in Boston’s Seaport District
HFF has been involved with another multimillion-dollar deal in Boston’s Seaport District, an up-and-coming area along the South Boston waterfront, with the $107 million sale of a four-property portfolio to DivcoWest Properties.
75-Unit Adaptive Reuse Loft Building Opens North of Boston
Boston-based WinnDevelopment recently inaugurated a 75-unit apartment community constructed from two vacant buildings that used to be part of the former Malden Mills factory in Lawrence, MA.