News: Retail

HFF arranges debt financing for Station Landing mulit-use project

The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has secured joint venture equity and debt financing of an undisclosed amount for Station Landing, a "new urbanism" mixed-use project outside of Boston. HFF senior managing director Frederic Wittmann and real estate analyst Carlos Febres-Mazzei worked on behalf of National Development to arrange joint venture equity for the project with ASB Real Estate Investments, through its ASB Allegiance Fund. HFF also secured a 37-month, adjustable-rate loan through Wachovia Bank, NA. A portion of the loan refinanced existing debt on several components of the project with the remainder providing construction financing for additional development. There is an existing loan with Babson Capital Management on the project (originated by HFF in 2006) that will remain in place. Station Landing is a master-planned project that includes 292 class A apartments, street-level retail space, a 50,000 s/f flagship Boston Sports Club, a 162,000 s/f office building, a 1,350-space parking garage and an entitled land parcel. Future development includes an additional 166 luxury apartments (Phase V) and a seven-story expansion to the existing parking garage. An additional development parcel is permitted for office, hotel or residential use.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary