BOSTON-The state's affordable housing bank made an $11.9-million loan commitment for Westland Avenue Apartments, a 96-unit development located in the Fenway neighborhood and also made a $3.6-million loan commitment for Cedar Meadows, a 59-unit mixed-income rental development in East Falmouth.
BOSTON-The law firm is leasing 14,259 sf of space on the 13th floor of 100 Cambridge St. and becomes the first-ever private tenant occupying the 570,000-sf building in its 39-year history. MassDevelopment renovated the former state building.
CAMBRIDGE, MA-Banta Integrated Media renews its lease for 14,662 sf at 150 CambridgePark Dr., a 140,582 sf, first-class office building located in CambridgePark. The three-building, 571,672-sf, master-planned office complex is located in the Alewife submarket.
BOSTON-The Foundation for Informed Medical Decision Making expands at 40 Court St., a 115,000-sf office building in the financial district. The Foundation, which helps patients select among treatment options, increased its space by 4,370 sf to 9,300-sf.
BOSTON-Beacon Capital Partners proposes a major renovation of 501 Boylston St., the 10-story building it bought from MetLife Inc. for about $130 million in late 2002. The plan involves doubling the building's retail space and renovating 250,000 sf of office space that MetLife is vacating.
NEEDHAM, MA-New Boston Fund purchases 254 Second Ave. for $10.9 million. The 85,890-sf building is fully leased to Community Newspaper Co., a consortium of local community newspapers and a subsidiary of the Boston Herald, which uses it as its corporate headquarters.
KINGSTON, MA- Andrew F. Gelson and Thomas E. St. Jean, two former senior vice presidents of JP Morgan Property Exchange, establish Compass Exchange Advisors LLC, a firm that focuses on providing guidance, strategies, and solutions for Section 1031 Like-Kind Exchanges.
NORWOOD, MA-Ovid Technologies's regional headquarters will remain at 100 River Ridge Rd. After considering other options, the medical information services company renewed its lease for 23,745 sf of first-class office space in the 103,321-sf building near the Route 128/ 95/Route 1 interchange.
WORCESTER, MA-Berkeley Investments Inc. closes on its acquisition of the Worcester Common Outlets, a one-million-sf outlet mall at 100 Front St. adjacent to Route 290. The Boston-based developer plans to build a two-million-sf development of housing, retail and office space on the site.
BOSTON-MassDevelopment leases up nearly 85% of the 22-story Leverett A. Saltonstall building at 100 Cambridge St. The 560,000-sf building was renovated by the quasi-public economic development authority and has half of its space occupied by the state.
