Murphy PC Advises Purchaser In Restaurant Acquisition

May 16, 2024-Murphy PC recently advised the purchaser in acquiring restaurant assets and a liquor license for a new dining concept in Boston’s South End district. Our firm handled all aspects of the transaction, including negotiating and documenting the asset purchase agreement, lease assignment with landlord consent, lease amendments, and securing outdoor seating permits with the City of Boston.

Our client brings significant industry experience to this venture, having established successful restaurants across the Charlestown neighborhood of Boston, Somerville, and Nantucket, Massachusetts.

Murphy PC is a Boston-based law firm providing comprehensive legal services to developers, entrepreneurs, investors, and lenders in real estate and business transactions. Our expertise encompasses project development, acquisitions and sales, joint ventures, construction contracts, financing, leasing, and title insurance across diverse property types including residential, mixed-use, condominium, multi-family, office, retail, education, industrial, hotel, and restaurant developments.

 

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...