The financing was provided by Bank OZK for the 289,000-square-foot, Class A office and lab development in the Boynton Yards area of Somerville. JLL arranged the first mortgage financing deal for the joint venture.

Besides the lower projects costs, which resulted in part due to project planning and engineering enhancements, other significant changes under the revised plan include Amtrak increasing its funding commitment from $704 million to $1.282 billion as part of the updated tunnel plan.

Commercial real estate transaction volumes in China hit a record high US$25 billion in the first half of 2019, according to JLL.

"The market is experiencing steady rent growth and an active acquisition environment which makes deals easy to finance."