News: Financial Digest

Wagner and Hosmer of Cushman & Wakefield arrange $116 million in acquisition financing

According to Cushman & Wakefield, $116 million in acquisition financing has been arranged for 10 Post Office Sq., an office property situated in the Financial District along Post Office Sq. Cushman & Wakefield's Equity, Debt & Structured Finance group has arranged financing as the exclusive advisor to a joint venture between Synergy Investments and GreenOak Real Estate. The financing was provided by Mesa West Capital. Cushman & Wakefield's managing director Jay Wagner and associate Timothy Hosmer of the Boston-based Equity, Debt & Structured Finance group arranged the financing. "Synergy, with their extensive portfolio and expertise with today's variety of Boston tenants, is the ideal group to maximize value at 10 Post Office Square" said Wagner. "The lenders that pursued the financing understood Synergy's value-add strategy in the highly desirable core of the financial district." Located on Norman B. Levanthal Park in Post Office Sq., in the Financial District, this 13-story, 445,000 s/f property is leased to several high quality tenants including Boston Private Bank and Arrowstreet Architecture & Design. As a historic bank, 10 Post Office Sq. combines heritage and innovation with its mix of tenants ranging from classical financial services to cutting-edge technology and design,
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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