MALDEN, MA—MassHousing provided $16.8 million in financing for an affiliate of Beacon Communities, LLC. The deal was structured through MassHousing's Multifamily Accelerated Processing/Ginnie Mae joint venture program with lender partner Rockport Mortgage Corp.
NEW YORK CITY—The office building sector here secured the largest share of investment sales consideration—41%, or $12.1 billion—thanks to a handful of large transactions.
BOSTON—Thibeault Development plans to transform 15 Congress St. and 19 Congress St. into residences with approximately 5,750 square feet of street-level retail and restaurant space.
NEW YORK CITY—Rob Speyer, president and CEO of Tishman Speyer, is currently serving his fourth year as the elected leader of the lobbying organization.
BOSTON—The BRA reports that Millennium has submitted a purchase price offer of $100 million, along with an offer of up to approximately $50.8 million based on the square footage of residential space of the building.
NEW YORK CITY—Stapleton was responsible for the leasing of approximately 1.5 million square feet of Cogswell Realty's owned/managed Manhattan office properties.
EVERETT, MA—The Las-Vegas based firm reports that it officially received the Chapter 91 license from the Massachusetts Department of Environmental Protection on Wednesday.
NEW YORK CITY—The two hotel properties were part of a Chapter 11 bankruptcy filing on Sept. 3, 2015 involving a total of four New York City hotel properties.
BOSTON—The 85-unit, six-story condominium project is being marketed to prospective buyers that are a rung below the upper crust. Construction on the development is expected to be completed by the early fall of 2017.
NEW YORK CITY—The move, which was a sale-leaseback deal, comes along with a $1.2-billion refinancing of the property by its owners, Related Cos. and Oxford Property Group.