Synagogue, Mikvah, and 70-Unit Apartment Building Mixed-Use Development-Boston, Massachusetts

Murphy PC represented the developer in the acquisition of the properties, construction financing with a regional lender, and reciprocal easement agreement with Synagogue and Mikvah owns addressing access, construction, shared parking, and maintenance obligations.

This project consists of a three-phase mixed-use development of a Synagogue, a Mikvah, and a 70-unit apartment building with an underground garage with 82 parking spaces on a site with shared access and utilities between the owners of the apartment building, Synagogue and Mikvah.  The apartment building will be seven stories and will contain 1 and 2-bedroom units, including 9 affordable units, a roof deck and roof top lounge.

Murphy PC is a law firm in Boston, Massachusetts representing, developers, investors, owners, asset managers, and sponsors in all aspects of real estate, including project development, acquisitions and dispositions, joint ventures, capital markets, commercial leasing, design and construction contracts, and title and escrow services.  Our real estate capabilities include a variety of sectors and asset classes in small to middle-market segments, including, mixed-use, multi-family, office, retail, and restaurant.

News & Insights

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...

Murphy PC Advises on Joint Venture Preferred Equity Investment in a $50M Multifamily Acquisition in Georgia

Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in a $50,000,000 acquisition of a 268-unit multifamily property in Georgia. The transaction involved the assumption of a Fannie Mae loan and featured a substantial preferred equity position with a sponsor who...

US Commercial Real Estate Cap Rates Hold Steady in Late 2024

March 2, 2025 | Author:  David J. Murphy According to CBRE’s H2 2024 Cap Rate Survey, commercial real estate cap rates have generally stabilized during the second half of 2024, with variations across different property sectors and strategies. This stabilization comes after a period of...