NORTON, MA-Rhode Island Homes is purchasing the Bay State Affordable Portfolio from Equity Residential. The 10-property set of communities totals 931-units.

NEW YORK CITY-The three-million-square-foot development earned a unanimous vote from the New York City Council.

BILLERICA, MA-The private equity firm is buying the Billerica Business Center and Big Y Distribution Center for a combined $19.5 million out of special servicing.

BOSTON-JP Morgan purchased the 465-unit apartment property from a joint venture of Fallon Co. and Cornerstone Real Estate Advisors.

BOSTON-Nutter McClennen locked in 130,000 square feet and Foley Hoag re-signed for 198,000 square feet.

BOSTON-Northwood Investors used the senior debt to purchase the hotel and will use the rest for renovations.

GREENWICH, CT-The trust raked in a $125.2 million asset based credit agreement with Bank of America and a separate $150-million facility from Goldman Sachs.

WAKEFIELD, MA-Costantino Richards Rizzo is purchasing 545 Salem St., displacing the seller Stebbins Duffy, into Peabody.