Newmark brokers $514M “green” construction loan for Boston BioMed

Boston’s life sciences real estate market is going a bit green. Newmark arranged a $514 million construction loan for Boston BioMed’s Assembly Innovation Park in Somerville, Massachusetts. The financing will cover the first phase of the project, a 12-story, 485,000 square-foot life sciences building. The loan’s conditions don’t stop at interest and terms: The building must meet environmental sustainability standards, incorporating sustainable technologies such as rooftop solar panels to ensure it will be LEED Gold-