NEW YORK CITY—New York City-based financial services and investment firm TIAA acquired the seven buildings on Summer, Congress and Farnsworth streets in an all cash transaction.
BOSTON—CBRE arranged in total $84.3 million in financing for the project that was originally approved by the Boston Redevelopment Authority in September 2013.
CAMBRIDGE, MA—Since the inclusionary housing policy was put in place in 1998, more than 890 affordable units have been or are now being created without the need for capital subsidy funds from the City of Cambridge.