Natick Mall Loan Transferred to Special Servicer
Natick Mall’s debt was transferred to a special servicer and faces the potential loss of dozens of tenants with imminent expiring leases.
Galleries Fill Storefront Gaps in Malls
Mall landlords seeking to fill vacancies and local artists looking for high-traffic exhibition space were a natural match that needed an introduction.
Turn on the Taps at Ex-Bases
Money for a sewer and water connection isn’t headline news – unless it means unlocking 6,000 long-anticipated housing units near a commuter rail station.
Brookfield Buys Mass Ave. Apartment Block for $439M
Brookfield Properties paid $439 million for a Massachusetts Avenue apartment complex in the second-biggest multifamily transaction in Greater Boston since the pandemic.
New Southfield Plan Includes Potential for More Housing
The Southfield Redevelopment Authority supported changes that would give the new master development team flexibility to build more housing depending upon market conditions.
Haverhill Mill Apartments Trade for $77M
The Hamel Mill Lofts, a 305-unit renovated historic mill apartment community located at 40 Locke St. in Haverhill, has sold for $77 million.
Auction Set to Close at South Weymouth Housing Site
The federal government has received a dozen bids for a 51-acre parcel in South Weymouth that’s been the subject of a jurisdictional dispute with local officials.
Feds to Auction 51-Acre Site at Southfield Over Objections
The U.S. government is auctioning off a 51-acre site at the Southfield property in South Weymouth over the objections of the local agency responsible for redeveloping the former naval air station.
Southfield Board Set to Begin Negotiations with Developer
The Southfield Redevelopment Authority will receive nearly $1 million a year to help pay for its operations after entering an exclusive negotiating agreement with the potential new master developer at the 1,450-acre former air base.
Six Proposals Received for Downtown MassDOT Parcel
Six developers have submitted proposals for a state-owned parcel at the doorstep to downtown Boston, and in keeping with the dominant trend in local commercial real estate, five include a lab component.
2020: A Year in Giving
The real estate and lending communities gave back to their communities in so many ways this year, both big and small. Here is a small selection of these good works.
Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Community Good Works
From gifts of PPE to monetary aid to help survivors of domestic violence and efforts to increase equity in schools, members of the banking and real estate industries gave back to their communities in many ways this week.
Hong Kong Investor Makes $115M Boston Acquisition
Hong Kong real estate investor Nan Fung has made its first acquisition in Boston just months after establishing a new U.S. office to pursue life science properties, resulting in a quick windfall for the previous owner of 13 months.
Southfield Picks New Master Developer
A partnership between Brookfield Properties, Boston-based New England Development and Pinehills Managing Partner Tony Green will lead the latest attempt to redevelop the 1,450-acre Southfield parcel on the South Shore.
Two Teams Seek to Fix ‘Broken Development’ in Weymouth
Two development teams are seeking to restart the Southfield project at the 1,450-acre former South Weymouth Naval Air Station with a larger housing component while reducing commercial space.
TA Realty Buys Financial District Building for $46M
A downtown Boston office building has been bought by Boston-based TA Realty for $46.1 million.
75 State St. Sells for $635M
A storied downtown Boston office tower originally built by legendary developer Harold Brown has traded for $635 million.
The Ghosts of 75 State St.
Brookfield Properties has reached an agreement to recapitalize 75 State St. at approximately $755 per square foot. But unlike other downtown trophy properties, this building rose in the 1980s amid a scandal that threatened to topple some of Massachusetts’ most powerful figures.
