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

The Real Estate Cycle: Where We Are and What It Means

February 21, 2026 | Author:  David J. Murphy The Four Phases Commercial real estate moves through four generally recognized phases: recovery, expansion, hypersupply, and recession. JPMorgan Chase provides a useful overview of this framework (jpmorgan.com). During recovery, occupancy improves from its low point, but new...

Commercial Real Estate Sentiment Steady in Q1 2026 as Debt Availability Improves

February 20, 2026 | Author:  David J. Murphy The Real Estate Roundtable released its Q1 2026 Sentiment Index on February 20 (full report at rer.org). The overall index registered 66, down one point from the prior quarter. Senior CRE executives describe a market in the...

Preferred Equity Investment in a 188-Unit Multifamily Acquisition in Covington, Georgia

February 18, 2026-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in the acquisition of a 188-unit apartment community on 16.78 acres in Covington, Georgia. The transaction included the assignment and assumption of an existing Fannie Mae loan. Murphy PC negotiated...