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

Identifying Opportunity in the Recovery Cycle

June 7, 2025 | Author:  David J. Murphy   The recovery is underway, but timing matters The commercial real estate market has entered a decisive inflection point. Analysis by Hines Research found that as of Q3 2024, just over 66% of global markets were in...

Murphy PC Represents Client in Beacon Hill Acquisition

June 6, 2025-Murphy PC represented a Boston-based real estate development company in connection with the acquisition of two residential buildings comprising eight apartment units located in the historic Beacon Hill district of Boston, Massachusetts. The seller was represented by a national commercial real estate brokerage...

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...