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BOSTON-C. Talanian Realty, the owner of 137 Newbury St., has received $12 million to refinance the nine-story Back Bay retail and office property. The was arranged by locally based mortgage banking firm Fantini & Gorga with an undisclosed correspondent life insurance company lender.

Built in 1929, the 48,000-sf building, located one block from Copley Square and two blocks from the Boston Public Garden, is home to a number of retail and commercial businesses, including the owner’s office. Among the tenants are the environmental consulting company BlueWave Strategies and several law firms, including Mackie Shea O’Brien.

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