Multifamily

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.

With the completion of construction, AvalonBay currently has two developments under construction in New Jersey— the 360-unit Avalon Piscataway, in Piscataway, NJ, and the 248-unit Avalon Teaneck in Teaneck, NJ.

Advanced Real Estate Services refinanced the 320-unit Highland Pinetree Apartments at an interest rate of 3.74%.

The firm secured the borrower $44.5 million in funding to build 212 single-family rental homes in Phoenix.

The total number of businesses grew by 11.1% from 2011 to 2016, surpassing the statewide business gains of 8.6%.