Murphy PC Advises on Joint Venture Preferred Equity Investment in a $50M Residential Condominium Development in Boston, Massachusetts

January 10, 2025-Murphy PC represented a preferred equity investor in a joint venture to complete construction of a $50M residential condominium development in Boston, Massachusetts.  The transaction included negotiation of a joint venture agreement and various collateral agreements with the sponsor and its affiliates.  The sponsor develops and constructs residential projects in Boston, Somerville, Cambridge, and Nantucket Massachusetts.   Our client manages a fund providing preferred equity financing to real estate developers.

Murphy PC is a law firm based in Boston, Massachusetts 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.

 

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...
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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...
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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...
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