Recent content by stoweker

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    Parcel 25 | Kneeland St | Chinatown

    The radian is the only project of scale and 150 kneeland isn’t even built yet. ND has a 40 year track record in New England of building stuff, built that tower on Washington and Lagrange, ink block, and has a massive development underway on for ave
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    Parcel 25 | Kneeland St | Chinatown

    ND is doing a massive amount of lab on Dorchester Ave right now
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    Parcel 25 | Kneeland St | Chinatown

    peebles won't get it, that guy is a joke. This deal goes to Biomed or NatDev. Brookfield has cash but Hudson doesn't have the track record the others do. Guess it comes down to whether the city awards to Blackstone or Alexandria but think alexandria has the leg up with NatDev as the local...
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    Parcel 25 | Kneeland St | Chinatown

    dallas did a great job with doing this building the Klyde Warren park over central. pretty sure it was paid for entirely through private donations though, lot of money to raise!
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    Pinnacle at Central Wharf (Harbor Garage) | 70 East India Row | Waterfront | Downtown

    it's commercial real estate dude, EBITDA is what people look at not net profit. depreciation, amortization, and taxes don't matter. interest expense is 100% less than 8.5MM /year on a 90MM loan and if they were cranking out 8.5mm 10 years ago they're 10000000% doing better than that now through...
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    Pinnacle at Central Wharf (Harbor Garage) | 70 East India Row | Waterfront | Downtown

    still cheap basis, it's 1,380 spaces so $110K/space. the second mortgage likely paid off the original mortgage rather than a supplemental so say they have $90mm on it now. If it's an I/O note payments are probably like ~4mm +/- 1mm year, if fixed amortizing maybe $7mm but in any event that's not...
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    Pinnacle at Central Wharf (Harbor Garage) | 70 East India Row | Waterfront | Downtown

    i mean, it's likely set up as a GP/LP LLC with Chiofaro acting as general partner for the investment (which is why he's identified as the developer in everything) and Pru is the "silent" LP with majority control decisions. For tax reasons this likely isn't set up as a REIT as that would block a...
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    Pinnacle at Central Wharf (Harbor Garage) | 70 East India Row | Waterfront | Downtown

    Don C as an individual is a huge troll - not to smack talk someone on an online forum but he's kind of crude and likes to pick fights with people in social settings and i could never tell if it's because he likes to get a rise out of people or because he's just a jerk with limited self awareness.
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    Copley Place Expansion and Tower | Back Bay

    (1) no, they can’t do that they don’t own the Westin nor is there enough demand driver in the area for a hotel that large (especially if the Hynes goes away) (2) the noise is in your head
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    Columbus Center: RIP | Back Bay

    easy its a CDC using LIHTC.

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