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Kennedy Wilson invested approximately $11 million of equity, including closing costs, and secured a $14-million loan from Freddie Mac at a fixed rate of 4.33% for 10 years.
Today, the telecommunications firm and the city announced a mew $10-year, $600-million deal that will expand its local wireless network, bring Fios Internet and TV to the city's remaining neighborhoods not covered in the original franchise agreement, and collaborate with Boston on Smart Communities solutions.
The agency gave the go-ahead for the Related Beal project that calls for the redevelopment of seven parcels in the Fenway neighborhood known as 533-541 Commonwealth Ave. and 650-660 Beacon St.
The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.
PECO's merger with REIT II creates a national portfolio with ownership interests in 334 grocery-anchored shopping centers encompassing approximately 37.7 million square feet located across 32 states.
The October employment report represented the 99th consecutive month where monthly private sector job numbers in Connecticut exceeded the numbers in the same month in the previous year.
Rick Wolf, head of Greystone's small loan platform, says that Greystone has closed more than 400 small loans with the two GSEs that he says “clearly demonstrates our commitment to the agency small loan business.”