News & Insights
New England Commercial Real Estate, Q1 2026: A Cycle Map
April 18, 2026 | Author: David J. Murphy A market moving in four directions at once Ask a commercial real estate broker in Boston where we are in the cycle, and you’ll get five different answers – all correct, all about the same region, all...
Murphy PC Advises Landlord on Commercial Lease for New Food and Entertainment Venue in Norwood, Massachusetts
April 16, 2026 — Murphy PC represented the owner of a commercial property in Norwood, Massachusetts in the negotiation, drafting, and execution of a new commercial lease for a food and entertainment venue. The scope of representation included landlord work and premises build-out, and compliance...
Your Non-Recourse Loan Isn’t Non-Recourse: Read the Bad-Boy Carveout Before You Sign
April 15, 2026 | Author: David J. Murphy You think you have a non-recourse loan. Your lender thinks you don’t. Buried a few dozen pages into nearly every commercial mortgage is a provision, called the “recourse carveout” or “bad-boy” guaranty, that can turn your clean,...
Murphy PC Advises Client in Joint Venture Restructuring and Mezzanine Financing
March 20, 2026-Murphy PC represented a member of a joint venture in connection with the restructuring of a joint venture arrangement relating to a multifamily property. The restructuring enabled the client to obtain mezzanine financing from a foreign lender qualifying for the portfolio interest exemption,...
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...
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....