Regions Northeast
Bridge Loan Paves Way for Conversion of Retail Property to Residential in Boston Area
May 5, 2008

Boston-based Abbott Real Estate Development has secured a  bridge loan for its planned conversion of a former Wal-Mart store in Weymouth, Mass., into a 150-unit apartment complex. Equibase Capital Group L.L.C. provided the financing, which will be utilized for acquisition and redevelopment purposes, as well as for zoning of the nearly six-acre site located about 40 miles from Boston. The project, Abbott Residences at Cordage Park, will be a transit-oriented development.

 
Recent Northeast Headlines
666 Fifth Ave Carlyle, Crown Take Controlling Stake in 666 Fifth Ave. Retail for $525M
July 02, 2008
Kushner Cos. has sold a controlling interest in the 90,000 square feet of retail space at 666 Fifth Ave. in Manhattan to The Carlyle Group and Crown Acquisitions for $525 million, the companies announced today.
RSM McGladrey Leases 164,771 SF in Manhattan
July 02, 2008
CB Richard Ellis arranged a long-term, 164,771-square-foot lease renewal and expansion at 1185 Avenue of the Americas in New York City on behalf of RSM McGladrey Inc., a division of H&R Block.
Mack-Cali Realty Announces Lease  Renewal/Expansion in Jersey City
July 02, 2008
Mack-Cali Realty Corp. said today that Tullett Prebon Holdings Corp. has leased 100,759 square feet at 101 Hudson Street in Jersey City, N.J.
PropertyShark.com, Corcoran Group Release First Corcoran Report
July 02, 2008
PropertyShark.com, in collaboration with the Corcoran Group, released the first Corcoran Report with sales data audited and supplemented by PropertyShark.com. The report covers Manhattan residential real estate sales for the second quarter of 2008.
The Hampshire Cos Inks Lease at Industrial Building in New Jersey
July 02, 2008
The Hampshire Cos. has inked a 20,851-square-foot lease deal with More Specialized Transportation at its industrial building located at 30 Wesley Street in South Hackensack, N.J.