News & Insights
Removal Events in Real Estate Joint Ventures: What Capital Partners Need to Know
January 6, 2026 | Author: David J. Murphy When a real estate joint venture goes wrong, the removal event provision determines whether the capital partner can act, and how quickly. These clauses define the triggers that allow an investor member to take management control away...
New England Commercial Real Estate at Year-End 2025: What the Data Says
December 28, 2025 | Author: David J. Murphy Late-2025 data reveal New England commercial real estate in the midst of a selective recovery. Higher borrowing costs continue to constrain development and transaction volume, yet leasing activity and fundamentals in key sectors are stabilizing rather than...
Murphy PC Advises Borrower in Refinancing of Lifestyle Shopping Center North of Boston
December 18, 2025-Murphy PC represented a borrower limited liability company in connection with the refinancing of a lifestyle center located North of Boston, Massachusetts. The borrower is an affiliate of a property owner and development company with substantial shopping plaza holdings in Massachusetts and California....
Murphy PC Advises Borrower in Financing of Mixed-Use Property Featuring Historic Restaurant and Luxury Residences
December 10, 2025-Murphy PC represented a borrower limited liability company in connection with the refinancing of a mixed-use property located in Nantucket, Massachusetts. The property, which includes a restaurant and luxury residences, is occupied by a master lease tenant whose subtenant operates a historic restaurant...
Murphy PC Advises Borrower in Commercial Property Refinancing in Nantucket, Massachusetts
December 10, 2025-Murphy PC represented a borrower limited liability company, an affiliate of a real estate investor managed by the investor’s family office, in connection with the refinancing of a commercial property located in Nantucket, Massachusetts. The retail property is leased to a national residential...
Why Capital Partners Need SPE Covenants in the Operating Agreement
November 28, 2025 | Author: David J. Murphy Special purpose entity covenants occupy an awkward place in real estate joint venture documentation. The covenants themselves typically appear in the loan documents, where they protect the lender’s interest in maintaining a bankruptcy-remote borrower. But the party...
Murphy PC Advises on Joint Venture Preferred Equity Investment in a 50-Unit New Construction Apartment Building Project
October 24, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a permitted property in Somerville, Massachusetts to construct and lease a 50-unit apartment building. We negotiated and advised on the joint venture operating agreement for the...
Murphy PC Represents Client in South End Acquisition for Boutique Hotel Use
October 3, 2025-Murphy PC represented a Boston-based real estate development company in the acquisition of a property to convert to a boutique hotel in the South End neighborhood of Boston, Massachusetts. The transaction encompassed comprehensive negotiation of a joint venture agreement, purchase and financing agreements,...
Murphy PC Represents Purchaser of Newton Centre Distinctive Commercial Building Purchase
September 19, 2025-Murphy PC represented the purchaser in acquiring a distinctive five-story commercial building consisting of 34,000 square feet of office and retail space in a converted neo-Romanesque church building in Newton Centre area of Newton, Massachusetts. Our attorneys conducted comprehensive due diligence, including title...
Murphy PC Advises on Joint Venture Preferred Equity Investment in a 55-Unit New Construction Apartment Building Project
September 18, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of property in Cambridge, Massachusetts to permit, construct and lease a 55-unit apartment building. We negotiated and advised on the joint venture operating agreement for the project...