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| 800 Federal St. in Andover is one of three buildings in Woodland Park being offered for sale by developer William J. Callahan. The 600,000-square-foot portfolio being shopped to prospective buyers also includes buildings in Bedford’s Oak Park and the Fields office complex in Billerica. |
600,000-Square-Foot Portfolio Hits Sales Block North of Hub
By Joe Clements
Fresh off its blockbuster sale of 25 Mall Road in Burlington, Meredith & Grew Oncor has been tabbed to market a multi-building real estate portfolio north of Boston, with the firm retained by veteran Massachusetts developer William J. Callahan to sell properties located in Andover, Bedford and Billerica.
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Three Local Banks Have Mutual Goals
By Jennifer Jope
Almost 20 years after Congress amended the Bank Holding Company Act to allow mutual banks to form holding companies, three banks in Massachusetts now are looking to take advantage of the option, joining an emerging trend of institutions doing so with the intention of forming new business alliances, raising capital and diversifying business activity under the holding company umbrella structure.
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Network Boosts Green Building Production
By Ashley Wilkins
A collaboration of community development organizations has banded together to provide $2 million in financing to promote green building applications in the construction of affordable housing. The funding, announced in mid-August, will go toward the creation of 800 units of mixed-income housing in four area projects that will be built with innovative and progressive energy-efficient and environmental design features.
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Court Ruling Makes It Easier To Collect on Defaulted Loans
By Jennifer Jope
Banks that acquire loans through a merger or simply purchase them from the secondary market should have a much easier time collecting on a defaulted loan originated by another institution thanks to the results of a recent Massachusetts court case.
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Building’s New Owner Hoping To Take Advantage of Market
By Joe Clements
Bedford’s 19 Crosby Drive means different things to different people. For Barclay S. Henderson, the 71,000-square-foot office building was a troubled investment soured by the difficult economy and inflexible financial terms, forcing the asset’s return to lender LNR Partners just a few years after paying $6.3 million for it in May 1998.
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Hub Development Will Offer Live/Work Space for Artists
By Ashley Wilkins
ArtBlock, a new development that recently broke ground in the South End of Boston, is being constructed in order to provide artists with the room to be constructive. The project will include two new 5-story buildings and the renovation of the old Bates School on Harrison Avenue, resulting in 26 affordable units and 28 market-rate condominium units.
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