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Everybody's talking about it—no one's doing it, said CoreNet New York City chapter public policy community event speaker Belpointe CEO Brandon Lacoff quoting a competitor.
In conjunction with the purchase, TA Realty has hired Avison Young as the exclusive leasing, property management, and project management firm for the 15-story, 146,202-square-foot, multi-tenant, class A office building.
Located in Dorchester, the property is across the street from the 20-acre site of the former Bayside Expo Center. Accordia Partners and Ares Management were selected by the University of Massachusetts earlier this year to develop the Bayside Expo Center site.
Boston Realty Advisors reports it has secured a $30.9-million construction loan for the ground up redevelopment of 21 East St. in North Attleborough, into a Class A apartment property that will consist of 193 market rate apartment units and approximately 11,500 square feet of retail.
TD Bank provided developer Blue Sky Communities of Tampa, FL with a $22-million construction loan and a $20.3 million equity investment through the purchase of Low-Income Housing Tax Credits from TD's Community Capital Group for its Preserve at Sabal Park project.