Boston

Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

The project at 12 Mountfort St. will be the first major office building to be constructed in Downtown Portland in the last quarter century and will be a major economic catalyst for the region as Vets First Choice expects to ramp up hiring here.

Harmonic Drive has outgrown the two buildings it currently occupies in Peabody and the move to Dunham Ridge will allow it to consolidate its functions into one building and expand its footprint to accommodate growth.

Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.

All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.

The $30.167 million construction and permanent loan was provided by Eastern Bank and was arranged by Holliday Fenoglio Fowler, L.P.

The four-story, 68,500 square-foot property is the largest facility for University Medicine, which operates nine other clinics throughout Rhode Island.