Finance - Boston

Historic MA Building Begins Rehabilitation, Expansion Process
Athenian Corner Restaurant, a five-story property built between 1896 and 1905, is a Lowell landmark. Cherrytree Group arranged financing for its revamp, which includes the addition of a boutique hotel.
Mixed Use
CIT Group Provides $29M Loan for Boston-Area MOBs
Chestnut Healthcare Partners is the new owner of the buildings. Signature Healthcare Brockton Hospital and Anna Jaques Hospital occupy the two assets.
Office
Boston Hotel Project Receives $300M Loan
New Boston Hospitality and Omni Hotels & Resorts will use the financing, provided by a syndicate of banks, to construct a 1,055-key luxury property.
Hotel

  • Boston-Area Arsenal Yards Development Receives $109M

    The project will bring more than 1 million square feet of mixed-use space to Watertown, Mass. The first phase is currently underway, with completion slated for 2019.

    18 June 2018 15:39

  • Boston-Area Flex/R&D Complex Lands $21M Loan

    Parsons Commercial Group has acquired the 330,000-square-foot Chiswick Park, for $27.5 million. Berkadia secured acquisition financing for the five-building office and industrial ensemble.

    24 May 2018 15:05

  • Novaya Sells Boston-Area Industrial Portfolio for $73M

    The fully leased distribution centers, located in Littleton and Middleborough, Mass., encompass a total of 775,000 square feet. JLL secured the acquisition financing on behalf of the buyer/borrower.

    23 March 2018 08:45

  • Boston-Area Industrial Asset Trades for $3M

    The new owner, an entity managed by Patagon Ventures LLC, plans to convert the property into a 75,000-square-foot self-storage facility.

    01 March 2018 17:17

  • LakePharma Buys 69 KSF Building in MA

    The property is located in Hopkinton, 35 miles east of downtown Boston. LakePharma will remodel the existing infrastructure to accommodate its manufacturing needs.

    26 February 2018 15:01

  • Boston Seaport Development Lands $480M

    The Seaport District offers close proximity to the MBTA Silver Line’s subway station at the World Trade Center, which also connects to South Station and Logan International Airport.

    08 January 2018 14:56

  • MA Hilton Hotel Lands $53M Financing

    Colliers secured financing for a 235-key dual-brand Hilton Hotel in Woburn, Mass. The project will be located in a well-exposed site in the northern suburbs of Boston.

    11 December 2017 23:41

  • HFF Secures $75M Refi for Rhode Island Mall

    The company worked on behalf of a joint venture between Bliss Properties, Mark T. Brennan & Co. and the Lane Family Trust to secure the 10-year, fixed-rate loan through Bank of America.

    17 November 2017 13:51

  • Boston-Area Office Portfolio Lands $23M Refi

    Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex/office portfolio in Newton, Mass.

    10 November 2017 22:14

  • Aloft and Element Hotels Receive $140M Financing

    HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.

    25 October 2017 20:32

  • HFF Arranges Refi of Boston Hotel Portfolio

    The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.

    11 October 2017 10:25

  • Charles River, AEW Land $205M Mixed-Use Financing

    Located a few miles from Boston, The District Burlington is a 1 million-square-foot urban park with suburban environment features. Tenants are attracted by its enhanced connectivity, walking trails and private shuttles.

    09 October 2017 12:10

  • UC Funds Launches New Product

    In a constrained lending environment, non-traditional lenders are offering increased flexibility. Daniel Palmier, president & CEO of UC Funds, explains what factors sponsors should consider when looking for a financing partner.

    29 August 2017 08:45

  • Boston Mixed-Use Development Lands $80M Financing

    The borrower and new owner of Suffolk Downs plans to redevelop the horse racing facility into a mixed-use project including office, retail, housing and open space.

    07 July 2017 11:49

  • NREA, HYM Land $180M in Financing

    The loan represents the first step in a long-term development plan and the formation of a strategic lending relationship between the two companies.

    08 June 2017 10:28