HFF secures $46.35 million in construction & permanent financings for 670 Albany Street at BioSquare in Boston BOSTON--The Boston office of Holliday Fenoglio Fowler, L.P. (HFF)
has arranged $46.35 million in construction and permanent financing for
the development of 670 Albany Street, a 160,000-square-foot biotechnology research building within the BioSquare complex in Boston.
HFF senior managing director Riaz Cassum, with senior real estate analyst Anthony Cutone, worked on behalf of 670 Albany St 2004 LLC to
arrange both financings. The ten-year, fixed-rate forward permanent
financing was secured through New York State Teachers Retirement System, and the two-year, adjustable-rate construction loan was arranged with Fleet Bank.
Union Place, LLC Completes $48 Million Equity and Debt Placement FRANKLIN, Mass. - Winchester Capital, LLC a real estate investment banking firm, announced the completion of a $48,000,000 equity and permanent debt placement on behalf of Union Place LLC. A Midwestern financial institution provided both the equity and debt financing.
CRESA Partners Boston Represents Genesis Healthcare and Yankee Alliance in Andover Leases Totaling 39,000 SF ANDOVER, Mass.-Mitchell Jacoby and Joe Doyle of CRESA Partners Boston, a corporate real estate advisory firm specializing in tenant representation, recently represented Genesis HealthCare and Yankee Alliance in office leases totaling 38,948 SF in Andover.
Genesis HealthCare, a long-term care and rehabilitation therapy provider, renewed its lease of 29,200 square-foot at 200 Brickstone Square in Andover, part of a three-building, 1 million SF office complex.
Paradigm Properties Leases 2,093 SF to Clean Air Task Force at 18 Tremont Street in Boston BOSTON-Paradigm Properties LLC, a Boston-based real estate investment and management firm, leased 2,093 square feet of office space to The Clean Air Task Force at 18 Tremont Street in downtown Boston.
"This deal is another example of the fact that even in this current soft market, our reputation as a company and the services we offer still attract tenants," said John T.
MassHousing Announces Record Lending for Affordable Housing in Fiscal Year 2004 BOSTON--MassHousing announced that it provided $704 million in financing for more than 7,000 housing units in fiscal year 2004, which ended June 30. It was the strongest lending year ever for the 38-year-old quasi-public agency.
"We are making great strides to increase the supply of housing in Massachusetts and to help more people achieve the dream of home ownership," said Governor Mitt Romney.
C&R / Rizvi Hires Associate Principal BOSTON - C&R / Rizvi announced that Robert J. Rink has rejoined C&R / Rizvi as an associate principal.
Mr. Rink brings his experience as a senior designer and project architect on a broad variety of architecture and interior design projects to C&R / Rizvi.
Pyramid Hotel Group Names Alan Bednowitz VP of Sales & Marketing BOSTON--Pyramid Advisors LLC, a full-service, Boston-based development, management and advisory firm, serving clients in all phases of the hospitality industry, announced the appointment of Alan Bednowitz as vice president, sales and marketing. In his new position, he will be responsible for leading the sales and marketing initiatives at the company's 38 owned, managed and asset-managed hotels.
Robert Caruso to Lead CB Richard Ellis Westchester/Fairfield Operations STAMFORD, Conn.--CB Richard Ellis, Inc. announced that Robert Caruso will assume responsibility for the firm's operations in Westchester and Fairfield counties. Mr. Caruso, based in the firm's Stamford, CT office, will be promoted to Managing Director.
Dean Shapiro, who will take over responsibility for the firm's Midtown Manhattan brokerage operations, will transition his Westchester/Fairfield duties to Mr.