Harvard University, Tishman Speyer and Breakthrough Properties were joined on June 23 by Mayor Michelle Wu and a host of university, elected, local community and business leaders to cut the ribbon on the first phase of the Enterprise Research Campus (ERC), a nine-acre mixed-use development in Boston’s Allston neighborhood.
The first phase of the ERC, a development led by Tishman Speyer and Breakthrough in partnership with the Harvard Allston Land Company, includes One Milestone, a laboratory building anchored by Roche; a 343-unit apartment property; a boutique hotel; a conference center; 40,000 square feet of retail and restaurants; and more than two acres of publicly accessible open space anchored by the new Allstonway.
“With the ERC, we have created a world-leading innovation environment that will complement and accelerate cutting-edge research taking place at Harvard and the surrounding region,” said Breakthrough CEO Dan Belldegrun. “With Roche Genetech’s innovation center as its anchor, One Milestone will produce dynamic partnerships between academia and industry, paving the way for countless life-changing discoveries.”
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
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The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...
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Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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