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
Hudson_Rail NYC West Side Railyards Deal Takes Next Step
May 22, 2008
The massive West Side railyards project (pictured) in New York City got the green light from the Metropolitan Transit Authority today to move full-steam ahead on the Related Cos., Goldman Sachs development deal.
Ground Breaks on $61M Mixed-Use Project in South Boston
May 22, 2008
Work has gotten underway on a new mixed-use project at 50 West Broadway that will bring 139 new market-rate and affordable-housing apartment residences to the site of the former Cardinal Cushing High School in South Boston.
Rebuilding Downtown Merrill Lynch in Talks to Move HQ to WTC: Report
May 22, 2008
As one financial services giant indicates it may step away from New York’s World Trade Center redevelopment, another moves toward possibly taking space in the massive rebuilding project.
Consolo, Faith Prudential Douglas Elliman to Market 75-Store Harlem Retail Portfolio to Tenants
May 22, 2008
A 15-building portfolio with 75 stores and 125,000 square feet of space in New York City’s Harlem neighborhood is being marketed to prospective tenants by the Prudential Douglas Elliman leasing team of Faith Hope Consolo and Joseph Aquino.
ColoSpace ColoSpace Deal Points to Tightening Datacenter Market
May 22, 2008
ColoSpace, a provider of datacenter space, has leased about 16,200 square feet of a datacenter facility in Waltham, Mass.