Case Study: Longwood Towers

Longwood Towers located in Brookline, Massachusetts consists of 277 residential units in three cross-shaped English Tudor style towers with garage parking and a grand ballroom entrance. The property was built in 1926 and was fully renovated in 1993. The plan is to convert the property from rental units to condominium units.
Colliers International Boston's Capital Markets group assisted The RADCO Companies in its purchase of the Longwood Towers in November 2005. Capital Markets obtained the $131 million, 90% non-recourse acquisition/condominium conversion loan on a tight timeframe. In addition, the Capital Markets group coordinated efforts with Colliers International Boston's Development & Advisory group on the due diligence services for The RADCO Companies' planned condo conversion project.