Monday, August 1, 2022

JLL secures $585 million financing for mixed-use development in Boston

 

Amy Lousararian

BOSTON, MA, Aug. 1, 2022  JLL’s Capital Markets group announced today that it has arranged $585 million in construction financing for a mixed-use project consisting of 580,905 square feet of life sciences, retail and multi-housing space in Boston, Massachusetts.

 JLL worked on behalf of the borrower, a joint venture between King Street Properties, Brookfield and Mugar Enterprises, to secure the four-year, floating-rate loan through an institutional debt fund.

Greg LaBine

 The JLL Capital Markets team representing the borrower was led by Managing Director Greg LaBine and Director Amy Lousararian.

“We are pleased JLL was able to secure financing for this important site and we look forward to our new lending relationship,” said Mike Diminico, Managing Director, King Street.

Mike Diminico

“The fact that we were able to move quickly on this loan in today’s market conditions speaks to the level of interest and confidence in Allston LabWorks.

"We are extremely proud of this transformative project and look forward to breaking ground as soon as possible.”

 Once completed, Allston LabWorks will consist of 534,000 square feet of lab space; 20,000 square feet of retail space; 35 multi-housing units, 26% of which will be affordable; as well as a 12,000-square-foot public plaza with an additional 5,000-square-foot landscaped open space and 668 garage parking spaces.

 The project, which is located on 4.27 acres at 250, 280 and 305 Western Ave., is adjacent to Harvard University’s 350-acre Allston campus, which is home to the newly opened John A. Paulson School of Engineering and Applied Sciences. 

 CONTACT:

 Cierra Lacasse, JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra Lacasse@am.jll.com

 

Real Estate Growth Continues at BCLP as Partner James Brescoll Rejoins Firm

 

James Brescoll

 Chicago, IL, Aug.1, 2022 – International law firm Bryan Cave Leighton Paisner (BCLP) today welcomed James Brescoll back to the firm.

Previously with BCLP from 2018-2021, Jim rejoined the firm as a partner in the Chicago office.

Jim joins from Riemer & Braunstein, where he maintained an active practice focused on commercial real estate.

Andrew Auerbach

“We’re excited to have Jim back with our global Real Estate Practice,” said Regional Practice Group Leader-Real Estate (US) Andrew Auerbach.

“His experience and history with the firm will benefit clients firmwide. We are very happy to welcome him back to the firm.”

Jim is often featured in legal directories for his real estate practice, and was named by Best Lawyers to its 2022 “Ones to Watch” list.

 

 CONTACT:


Brian Kiefer
312-602-5121 brian.kiefer@bclplaw.com

Leslie Leader Brooks
312-602-5187 leslie.brooks@bclplaw.com

BakerHostetler Continues to Expand Business Practice Group and Adds Real Estate and Hospitality Partner in Orlando, FL

 

Ormend Yeilding

  • ORLANDO, FL -- Ormend Yeilding joins BakerHostetler’s Orlando office as a partner in the firm’s Business Practice Group and Real Estate team and will also be a member of its Hospitality Industry team.
  • Josiah Bancroft 


  • Yeilding advises developers, institutional investors and private equity groups on the acquisition, financing and restructuring, and disposition of resorts, hotels and other leisure assets.
  •  
  •  His arrival follows the addition of an Atlanta-based Real Estate team, led by partners Josiah Bancroft and Robert Bittner, and Hospitality Industry team co-leader Jeff Diener in San Francisco, who joined earlier this year.
Robert Bittner
His arrival is the latest addition to BakerHostetler’s rapidly expanding Business Practice Group, which has added 11 partners in 2022.

 CONTACTS:

Courtney B. Smith
202-861-1514 

cbsmith@bakerlaw.com

John Garger

 917-572-4820 jgarger@rippmedia.com 

Allan Ripp 646-285-1779 arippnyc@aol.com


Ware Malcomb promotes Cory Adams to Director, Architecture in Irvine, CA office

 

 Cory Adams

 IRVINE, CA – Ware Malcomb, an award-winning international design firm, announced that Cory Adams has been promoted to Director, Architecture, in the firm’s Irvine, California office.

  In this role, Adams will lead the Architecture and Advanced Manufacturing Studios for the Irvine and Inland Empire offices. 

Adams has more than 14 years of architectural design experience and more than 11 years of construction experience.

 Adams joined Ware Malcomb in 2019 and was promoted to Studio Manager, Architecture in 2021.

 Tom Myers

“Cory is a respected leader among his peers and within the industry,” said Tom Myers, Regional Vice President for Ware Malcomb.

  “His business development savvy and exceptional client skills make him a trusted leader. We look forward to Cory’s continued contributions.” 

Adams holds a Bachelor of Construction Management from Utah Valley University and is an Associate for the American Institute of Architects.

  CONTACTS:

Rachel Devany

VP Public Relations,

KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

 

waremalcomb.com