Property Sale

Cambridge’s Central Square sees a significant multifamily investment with the $53.6 million sale and financing of 929 MASS. Walker & Dunlop Capital Markets facilitated the transaction, with John M. Corcoran & Company and Stars REI acquiring the mixed-use property. JMC secured $37.1 million in Fannie Mae financing. The 127-unit property with commercial space is slated for renovations, capitalizing on Cambridge’s strong market driven by intellectual capital and proximity to major institutions.

Eagle Plains Resources clarified its property sale agreement with Trident Resources, involving four Saskatchewan claim blocks (16,245 hectares) sold for $14,730. Eagle Plains retains a 2% Net Smelter Royalty. The deal is classified as non-arms length due to a common director, Tim Termuende. Exemptions from formal valuation and minority shareholder approval were granted under MI 61-101 because the transaction value is less than 25% of Eagle Plains’ market capitalization. The TSX Venture Exchange still considers it a reviewable transaction.