Regions Northeast | Boston
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 6, 2008

Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.The highly-structured loan will be used to support Abbott Real Estate’s acquisition, zoning, and redevelopment of a vacant Wal-Mart located in Plymouth, Mass., into a 150 unit apartment complex on the property’s 5.8 acres of land. The apartment complex, known as Abbott Residences at Cordage Park, is the cornerstone of the Cordage Park Smart Growth District. Abbott Residences at Cordage Park will be a commuter-friendly development adjacent to the Plymouth MBTA station of the South Shore commuter rail line.

 
Recent Boston Headlines
FAA Officials: Planned Boston Tower Must Shrink for Safety
May 16, 2008 - Source: Boston Globe
Boston Mayor Thomas M. Menino wanted a 1,000-foot-tower in downtown Boston, but the FAA has ruled it may obstruct aircraft.
Adobe to Buy Boston-Area Office Building Upon Completion
May 15, 2008
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
Software Firm Stakes a Claim to 15,000SF in Cambridge
May 14, 2008
Allurent Inc. has just signed a lease with Transatlantic Investment Management Inc. for a 15,000-square-foot space at the 114,400-square-foot American Twine Building in Cambridge.
Twice Burned, Third Time Careful: Harvard Cautious In Announcing Proposed Art Museum
May 13, 2008 - Source: Boston Globe
Neighbors have complained at least twice before when the university proposed building museums. This time, Harvard Art Museum leaders are flying under the radar.
Seven-Person East Coast Retail Team Joins HFF
May 13, 2008
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.