Barings Buys East Cambridge Apartments for $103M
MassMutual’s Barings real estate arm has acquired the multifamily component of an East Cambridge mixed-use development for $103 million.
MassMutual’s Barings real estate arm has acquired the multifamily component of an East Cambridge mixed-use development for $103 million.
After eye-catching plans were released for the 29-story “One Mystic” apartment tower in Charlestown, questions remained about the little-known firm behind the project.
Massachusetts already has a combination of assets that make it almost unique compared to other places with fintech startups, industry leaders say. What the state needs now is a way to coordinate these independent pieces.
Office vacancies continued to fall in Boston while developers broke ground on projects that will add 2 million square feet of new workspaces in the second quarter.
For the second time in seven days, an office tower broke ground in the Seaport as Gov. Charlie Baker and Mayor Marty Walsh joined leaders from the Massachusetts Mutual Life Insurance Co. to celebrate the start of construction at 10 Fan Pier Blvd.
MassMutual’s investment arm, Barings, is closing its office in Springfield’s Tower Square, and will be replaced by an insurance company.
Michael Fallon was appointed president of The Fallon Co., just last month, but the 30-year-old real estate executive is already thinking about the long-term legacy of the Boston-based development company founded by his father Joseph in 1993.
MassMutual will add 1,500 jobs at its Springfield headquarters and another 500 at a new office building set to break ground at Boston’s Fan Pier development, while closing its Enfield, Connecticut offices that employs 1,500 people.