Boston

The firms say their strategic alliance provides the industry's most comprehensive retail real estate and restructuring service offerings.

The deal adds to Brookfield's portfolio in Boston that includes 13 office and life science properties totaling more than 3 million square feet and six multifamily properties.

His new role is part of the company's strategic shift to a broader approach in delivering services.

The expansion of the existing P3 between Howard University and Corvias increases the scope of the arrangement to 3,009 beds, $144 million in capital raised, a total of $1.7 billion in total economic impact and $39.5 million in debt defeasance.

The deal enables Rubenstein to grow its footprint in the Rockville market and benefit from various economies of scale, according to Steve Evans, regional director for Rubenstein. "

The Edmonton, Canada-based firm inked a lease for 46,668 square feet of space at the building owned by Nordblom Co. and institutional investors advised by J.P. Morgan Asset Management.

“This is an incredible asset in a superb location,” says Jeff Turkanis, VP at Oxford Properties Group. “As our first residential acquisition in Boston, this deal speaks to our commitment to significantly grow our residential portfolio globally, which currently stands at over 10,000 units.”

The new patient care building will total approximately 1.035 million square feet of space. The building, which will be approximately 200 feet high, will also include six stories of underground parking (1,100 spaces) and two Centers of Excellence—a cancer center and heart center.