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August 1, 2023

Developer Raises $68M On CrowdStreet To Fund Huge Boston-Area Project

Join Whoop Head Of Real Estate Melisa Millman As She Discusses New Corporate HQ Sept. 26

Two retail properties near Assembly Square were purchased in part using the largest CrowdStreet fund-raise to date, and the buyer is planning a major mixed-use project.

Developer Raises $68M On CrowdStreet To Fund Huge Boston-Area Project

A joint venture between Cabot, Cabot & Forbes and Normandy Opportunity Zone Fund LP, a fund sponsored by Cannon Hill Capital Partners, bought 65-75 Mystic Ave. in Somerville for $142M, according to public records.The partnership said in a press release that the deal was made possible with $68M in…

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This Week's Boston Deal Sheet

Retail real estate firm The Wilder Cos. purchased a shopping mall in the Boston suburb of Walpole for $71M. 

This Week's Boston Deal Sheet

The 429K SF Walpole Mall has a number of national retailers, including Kohl's, Aldi, LA Fitness, PetSmart and Barnes & Noble. It also has eight standalone buildings that house 14 tenants, including Five Guys, Panera, Taco Bell, Aspen Dental and Texas Roadhouse.Atlantic Capital Partners Head of Capital Markets Justin Smith, along with Chris…

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Wu Signs Executive Order Banning Fossil Fuels In New City Buildings

Wu Signs Executive Order Banning Fossil Fuels In New City Buildings  

In a new step to meet Boston’s ambitious climate goals, Boston Mayor Michelle Wu signed an executive order to ban fossil fuels in new city-owned buildings. The order, announced Monday, would also apply to major renovations done to existing city-owned buildings. The order will take effect immediately. With over…

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Developer Scraps Somerville Project After City Limited Allowable Lab Space Developer Scraps Somerville Project After City Limited Allowable Lab Space
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New Data Shows Boston's Office Market Keeps Falling, But Experts See 'Potential Green Shoots' New Data Shows Boston's Office Market Keeps Falling, But Experts See 'Potential Green Shoots'
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Portfolio Of 6 Boston-Area Industrial Buildings Sells For $167M

Portfolio Of 6 Boston-Area Industrial Buildings Sells For $167M  

Marcus Partners has sold a Boston-area industrial portfolio for $167M, a rare nine-figure deal in what has become an increasingly slow market. The firm announced Thursday it sold six warehouse distribution buildings totaling more than 1M SF. It didn't disclose the buyer, but the Boston Business Journal reported it was…

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Life Sciences' Real Estate Predicament: Too Much New Space, Not Enough Of The Right Kind

Life Sciences' Real Estate Predicament: Too Much New Space, Not Enough Of The Right Kind  

How real estate is able to weather the downturn currently affecting the life sciences sector over the coming year will play a role in the industry’s development across the U.S., experts said onstage last week at Bisnow’s New York Life Sciences and Biotech Conference.

Life sciences is still in a fledgling stage in many U.S. markets, resulting in a lack of midsized spaces for startups to grow into. But many landlords who built aggressively to respond to a surge in demand in 2021 and 2022 have large vacancies to fill and many of the same financing challenges as the…

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