The 96-unit development at 881 Meadowbrook Lane was built in 1987 and is situated on 4.25 acres. The complex features 96 one-bedroom units in two-story row apartments.

The first phase is for a 14-acre portion that received initial regulatory approval for 900,000 square feet of new development from the Boston Planning and Development Agency in March 2018.

The future tower, which will open in 2022, will feature more than 1.4 million square feet of office space and will serve as BMO Financials' corporate headquarters.

The complex is currently 94% leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency and Starlight Homecare Agency.

The US Senate on Thursday passed a spending bill that will provide a total of $86.2 billion to the U.S. Department of Transportation, which will help fund a number of key transportation priorities for New Jersey.

Clarion acquired the 18-story, 491,573-square-foot office tower from a joint venture of The Fallon Company and Barings, on behalf of an institutional investor.

The Washington, DC-based firm, which is the development arm of National Real Estate Advisors, has announced the addition of Canopy Philadelphia Center City, which will be part of the Hilton portfolio. The hotel is scheduled to open in the spring of 2020 at 1180 Ludlow St.

Willis Tower is currently undergoing a more than $500-million renovation, the biggest restorative transformation in the building's 46-year history.