Somerville Lab High-Rise Lands Financing
Despite the general softening of the life science real estate market, a major pension fund has decided to back Somerville’s latest spec lab high-rise.
MetroWest Portfolio Gets $96M in Financing
The owner of a warehouse in the Interstate 495 Corridor has received a construction loan for a new property and refinanced its existing warehouse next door.
Cambridge Savings Provides Construction Loan to Catholic Memorial
Cambridge Savings Bank has provided a construction loan and line of credit to Catholic Memorial to help fund a renovation project at the private all-boys high school.
MBA Forecasts Big Drop in Lending for Developments This Year
The COVID-19 pandemic’s nearly year-long drag on the commercial real estate industry will likely lead to 2020 closing out the year with a large drop in loans issued by commercial and multifamily mortgage bankers.
300-Unit Cambridge Affordable Towers Get $88M Financing
A 300-unit mixed-income housing development on Memorial Drive in Cambridge will be renovated and see its affordability preserved thanks to a nearly $88 million loan.
Berkshire, Salem Five Close on $60M Loan for NH Mixed-Use Project
Even as the coronavirus crisis has shuttered restaurants and retail stores across the U.S., two Massachusetts banks have moved ahead with financing a retail development in New Hampshire.
Cambridge Crossing Gets $434M in Financing
Developer DivcoWest has received $433.8 million in construction financing for a pair of new buildings at Cambridge Crossing, including a 479,000-square-foot speculative office, lab and retail building on parcel EF.
Medtech Device Maker Expands at Devens
A $4.2 million construction loan from Eastern Bank will enable a Concord developer to build a 27,000-square-foot expansion of Bio-Techne’s device manufacturing and support facility at 8 Jackson Road in Harvard.
