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The 36-month, floating rate construction loan was provided by M&T Bank and was arranged by JLL for the 126-unit luxury project that broke ground on Aug. 28.
SWBC Real Estate has acquired Stoneleigh Apartments, a multifamily property located one block south of State Highway 358, and plans $3.3 million in upgrades.
"Familiarity with the Downtown Brooklyn market allowed us to quickly underwrite this transaction," said Josh Zegen, co-founder and managing principal of MRC.
The company will purchase two adjoining sites next to its current manufacturing facility in the Scott Technology Park to construct a new 200,000-square-foot facility, state officials said.
The plan for the expanded Boston Convention and Exhibition Center calls for 200,000 square feet of additional space, which is expected to include a 100,000-square-foot exhibit hall; a 60,500-square-foot ballroom and 44,000 square feet in additional meeting rooms.
Leading the way were the cities of Orlando and Miami, which ranked number one and two respectively in terms of private-sector job growth in the first eight months of this year.