LOWELL, MA—The size of the amended lease at 900 Chelmsford St. in Lowell makes the 12-year deal among the largest transactions in the Greater Boston area in the past decade.

NEW YORK CITY—Fund VIII focuses on mezzanine and preferred equity investments in office properties in Paramount's target markets of New York City, Washington, DC and San Francisco.

NEW YORK CITY—In the latest Gotham Commercial Real Estate Monitor, authored by accounting firm Marks Paneth, the majority of respondents believe that prices have peaked.

The plan calls for the redevelopment of the 35,000-square-foot St. Gabriel's Monastery and the construction of four new residential buildings ranging in height from four to seven stories at the rear of the property adjacent to Brighton High School and St. Elizabeth's Hospital.

FRANKLIN, MA—The financing for the 303,096-square-foot grocery-anchored, mixed-use property was provided by Sun Life of Canada, GlobeSt.com learns in this EXCLUSIVE story.

NEW YORK CITY—Ariel Property Advisors says that Bushwick is taking on a new identity as a live/work destination with an abundance of new office and residential developments.

WAKEFIELD, MA—The office REIT headquartered in Wakefield, MA reports that Jeffrey B. Carter has been elected president of the firm.

NEWTON, MA—The buildings are currently between 90% to 95% leased, but are expected to have tenant roll over in the next 24 months involving approximately 35% of the leased space.