38-Unit Residential Condominium Development-Boston, Massachusetts

The Muse is a condominium building on Melcher Street in the Seaport District consisting of 38 loft-style units with exposed brick and high ceilings with original beams, and a large, professionally landscaped roof terrace.  The Muse was originally constructed in 1916 as a factory and in 2018 was restored and converted into a luxury condominium building. 

Murphy PC represented the developer in the residential sale closings. We advised on financial, governance, control and liability issues.  We advised on secondary market warrantability issues in connection with the developer’s ownership of a commercial unit consisting of individual apartments separate from the residential condominium structure. 

Murphy PC is a law firm in Boston, Massachusetts representing, developers, investors, owners, asset managers, and sponsors in all aspects of real estate, including project development, acquisitions and dispositions, joint ventures, capital markets, commercial leasing, design and construction contracts, and title and escrow services.  Our real estate capabilities include a variety of sectors and asset classes in small to middle-market segments, including, mixed-use, multi-family, office, retail, and restaurant.

News & Insights

Potential Property Tax Deduction Cap: Risks for Real Estate Developers and Investors

March 10, 2025 | Author:  David J. Murphy What’s being proposed? Congress is negotiating a tax and fiscal package that threatens the commercial real estate industry. Lawmakers have proposed capping or eliminating state and local business property tax deductions. This proposal faces strong opposition from...

Murphy PC Advises on Joint Venture Preferred Equity Investment in a $50M Multifamily Acquisition in Georgia

Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in a $50,000,000 acquisition of a 268-unit multifamily property in Georgia. The transaction involved the assumption of a Fannie Mae loan and featured a substantial preferred equity position with a sponsor who...

US Commercial Real Estate Cap Rates Hold Steady in Late 2024

March 2, 2025 | Author:  David J. Murphy According to CBRE’s H2 2024 Cap Rate Survey, commercial real estate cap rates have generally stabilized during the second half of 2024, with variations across different property sectors and strategies. This stabilization comes after a period of...