Murphy PC Advises on Joint Venture Preferred Equity Investment in a $15M Multifamily Acquisition and Condominium Conversion in Cambridge, Massachusetts

May 30, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 20-unit multifamily property in Cambridge, Massachusetts to convert the property to a $15M condominium project. We negotiated and advised on the joint venture operating agreement for the project entity.

Our client is a real estate capital advisory firm, provides real estate operators and developers with custom capital solutions for acquisitions, developments, and refinances in New England, Miami and Palm Beach Florida.

The sponsor is a real estate development company that specializes in building high-end residential projects in New England.

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

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Murphy PC Advises on Joint Venture Preferred Equity Investment in a $16M Multifamily Acquisition and Condominium Conversion in Raleigh, NC

May 19, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 42-unit multifamily property in Raleigh, NC to convert the property to a $16M condominium project. Murphy PC negotiated and advised on the joint venture operating...

Murphy PC Advises Sale of Limited Partnership Interest in 60-Unit Multifamily Property in Western Massachusetts

May 16, 2025-Murphy PC represented a Massachusetts limited partnership in the sale of limited partnership interests in a 60-unit multifamily property in Western Massachusetts to existing limited partners.  We negotiated and advised on the limited partnership interest purchase and sale agreement, the assignment of limited...

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...