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Cook’s Corner Receives Financing

Cook’s Corner Receives Financing

| February 24, 2020

Brunswick, ME – Washington Trust’s Commercial Real Estate Group recently provided $18.75 million to Brunswick MZL, LLC for the refinancing and renovation of a 300,259sf multi-tenant retail space in Brunswick, Maine, known as “Cook’s Corner.” Situated on a 24-acre parcel, the retail center is located at 8,11, 13 and 19 Gurnet Road with convenient access […]

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Three Affordable Housing Projects Receive Loans

Three Affordable Housing Projects Receive Loans

| February 18, 2020

Providence, RI – Citizens Bank announced that its Community Development Group has provided $24.2 million in construction loans for three separate affordable housing projects in Massachusetts. Citizens is providing an $11.7 million loan to RHW Development LLC, whose sponsors are EA Fish Development and Planning Office for Urban Affairs, for the new construction of 64 […]

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BPDA Approves 433 Income-Restricted Units in February

BPDA Approves 433 Income-Restricted Units in February

| February 17, 2020

Boston – The Boston Planning & Development Agency (BPDA) board of directors this month approved development projects in neighborhoods across the city of Boston, which will result in new residential units, economic development, and jobs. The projects approved this month will create an additional 625 residential units, 433 of which are income-restricted, representing nearly 70% of […]

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Suffolk Completes L.A. High-Rise Project

Suffolk Completes L.A. High-Rise Project

| February 3, 2020

Los Angeles – MacFarlane Partners, a real estate investment manager and developer, officially celebrated the completion of its two towers: Park Fifth, a 24-story high-rise building, and the adjacent Trademark, a seven-story mid-rise building overlooking Pershing Square in Downtown Los Angeles. Suffolk Construction provided construction management services for Park Fifth, and Bernards was construction manager […]

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ICYMI: MBC’s The Fenway & Beyond

ICYMI: MBC’s The Fenway & Beyond

| January 28, 2020

Boston – The Massachusetts Building Congress held its first breakfast series of 2020, with Peter Sougarides, principal of Samuels & Associates, as the guest speaker. Sougarides discussed the current transformation of Boston’s Fenway neighborhood, including Fenway Triangle, a mixed-use project consisting of 576 luxury apartments and ground floor retail.  He also shared the company’s other current […]

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Universal Provides Historical Windows for Thorndike Exchange

Universal Provides Historical Windows for Thorndike Exchange

| January 20, 2020

Marlborough, MA – Universal Window and Door provided nearly 500 custom historical replica windows for the recently completed Phase One of Thorndike Exchange, the mixed-use complex developed by the Lupoli Companies. Phase One is comprised of 65 market-rate apartments and 28,000sf of commercial space, featuring a restaurant and coffee shop, with the remainder of the […]

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BPDA Approves New Affordable Projects

BPDA Approves New Affordable Projects

| January 17, 2020

Boston – The Boston Planning & Development Agency (BPDA) board of directors this month approved development projects in neighborhoods across the city of Boston, which will result in new residential units, economic development and jobs. The three, fully affordable residential projects located in Roxbury will bring 79 new income-restricted units and 12 renovated income-restricted units to […]

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BPDA Approves 1,044 Housing Units in December

BPDA Approves 1,044 Housing Units in December

| December 19, 2019

Boston – The Boston Planning & Development Agency (BPDA) board of directors approved development projects in neighborhoods across the city of Boston, which will result in new market-rate and income-restricted residential units, economic development, and jobs. Development projects include: 566 Columbus Avenue will bring 66 home-ownership units including 11 income-restricted artist live/work units to the […]

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Worcester’s Greendale Mall Acquired

Worcester’s Greendale Mall Acquired

| December 17, 2019

Worcester, MA – Finard Properties, a real estate development and management company specializing in retail, office, and hospitality, announced the acquisition of the Greendale Mall, located at 7 Neponset St. in Worcester. Robert E. Griffin, Jr. and his team at Newmark Knight Frank represented the seller in the transaction. Built in 1987, the Greendale Mall […]

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MassHousing Finances Energy-Efficient Apartments

MassHousing Finances Energy-Efficient Apartments

| December 11, 2019

Boston – MassHousing has provided a total of $4.1 million in affordable housing financing to TLee Development LLC for construction of 14 new energy-efficient apartments on a vacant parcel at 191 Talbot Avenue in Dorchester. All 14 of the apartments will be deed-restricted workforce housing units affordable to moderate-income households. The new building will have […]

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