
Marlborough Apartments Get $65M in Financing
A Marlborough property approved for a 242-unit apartment complex received $64.5 million in construction financing following a change of ownership.
A Marlborough property approved for a 242-unit apartment complex received $64.5 million in construction financing following a change of ownership.
A Lynnfield developer has begun preleasing and announced rents at a Lynn apartment tower that markets Boston-style amenities at discounts to downtown properties.
Only two years ago, it seemed unthinkable that up to 25 percent of the nation’s shopping malls might close by 2022. Now, as large retailers close outlets en masse, landlords are looking for new uses for old spaces.
A $63.9 million loan from CIT Group Inc. and Square Mile Capital Management is financing development of downtown Lynn’s largest project in decades.
Cambridge-based developer King Street Properties’ bet on Framingham’s potential to attract more life science companies has paid off with an anchor lease by a Woburn firm that recently filed for a $100 million initial public offering.