Tags: office

Side by side comparison of 40 thorndike street before and after renovations.

Cambridge Office Tower Sells for $1

A newly redeveloped East Cambridge office tower has transferred to Brookfield for a reported $1, along with nearly $232 million in outstanding construction debt. The sale of 40 Thorndike Street highlights the ongoing challenges and shifting dynamics shaping Greater Boston’s office market.

Read more
New Owners Update 980K SF Gateway Project in Somerville

New Owners Update 980K SF Gateway Project in Somerville

A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master developer US2 are partnering on the 980,000-square-foot Gateway Innovation Center project at 200 McGrath Highway, […]

Read more
Partnership Trio to Build $230M Life Science Development in Somerville

Partnership Trio to Build $230M Life Science Development in Somerville

JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with Oxford Properties Group. “Greater Boston continues […]

Read more

Compare