Finance Investment Banking
Financing for Suburban Boston Portfolio Paves Way for Repositioning
Aug 8, 2008

A financing deal valued at $27 .4 million has closed for a group of five office buildings totaling 226,000 square feet in Needham, Mass. With the assistance of commercial real estate capital intermediary Holliday Fenoglio Fowler L.P., a joint venture involving Commonfund Realty and Cabot, Cabot & Forbes secured a three-year adjustable-rate loan from Wells Fargo Real Estate Group Inc. Located about eight miles from downtown Boston, the portfolio sits within the 150-acre New England Business Center off Route 128. The joint venture plans to use the proceeds from the loan to reposition the portfolio through the redevelopment or releasing of the buildings. Presently, one entire structure is leased to Gold's Gym, while the remaining four buildings are unoccupied. Additionally, the property presents the opportunity for higher density development, and Commonfund and Cabot have already begun the permitting process for the construction of a Class A office project.

 
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Pending Home Sales, Factory Orders Dip
January 07, 2009
By Dees Stribling, Contributing Editor-- It isn't clear that the days of yo-yoing equity markets have gone away--just wait until the next international shock or surprise bankruptcy--but for the moment the Dow Jones index seems to have mellowed out. It...

REal Talk with Adam Perrotta-Tuesday
January 06, 2009
Add Macquarie and CNL Financial to the list of firms looking to capitalize on the struggling state of the investment market. The duo's just-announced $1.5 billion global REIT will likely find some pretty good bargains to be had from sellers...

Construction Industry Faces Hard 2009
January 06, 2009
By Dees Stribling, Contributing Editor-- The equity markets dropped considerably Monday morning, but then yo-yoed around for the rest of the day--small fluctuations, really--and ended up slightly down, for the first time in four trading sessions and the first time...

REal Talk with Adam Perrotta-Monday
January 05, 2009
As the new year dawns, there is much to suggest that the hangover of 2008 will be sticking around for some time to come. Troubling financial and economic reports continue to haunt the headlines, the housing market remains in the...

Markets Start 2009 With Upward Bump
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By Dees Stribling, Contributing Editor-- Instead of a lackluster lull after the New Year' s holiday, investors decided to buy equities on Friday, driving the Dow Jones index up 258 points, or nearly 3 percent. The S&P 500 and Nasdaq...

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