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      Agent Spotlight

      About Michael

      Executive Vice President of Gibson Sotheby's International Realty, Michael Carucci has been one of the most trusted names in the Boston real estate market for more than 30 years.

      Michael is one of Boston's highest producing agents and is consistently ranked in the top 1% in sales volume for the Greater Boston area. He is a recognized expert in the residential and commercial Boston real estate market and is regularly quoted in articles, appearing in the Boston Globe, Boston Herald, Boston Business Journal, and Banker & Tradesman. He is also a contributing editor for Boston Common Magazine...

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      Michael's Testimonials

      Working with Michael is always a pleasure. Whether on a residential sale or purchase, or a larger multi-family or retail transaction, you know that your interests are being looked after by one of [...]

      "What sets Michael apart from other brokers is his attitude that the job doesn't stop when the ink dries on the closing papers. He was a tremendous help when my family and [...]

      Michael is knowledgable, patient, and professional. If you’re considering a sale or purchase, I recommend Michael Carucci.

      "Michael is a star broker. By that, I mean he brings buyers and sellers together and makes deals happen. Both parties leave the closing table happy. He knows everybody and everybody knows him. [...]

      Michael Carucci's knowledge, advice, and guidance of the property market is extraordinary. Coupled with Michael's genuine concern for the welfare of the family in a stressful [...]

      Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference.

      Michael represented me on both the sale of my home and the purchase of a new one that better suited my family. Michael’s execution was flawless and I would highly recommend him for any of [...]

      Michael did a great job closing the deal for us per my specific requests. He is very responsive - he always picks up the phone when I call him. I highly recommend him.

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      Seaport Square gets $112M in refinancing

      Seaport Square, a master-planned neighborhood under construction in South Boston that spans 23 acres of waterfront development, has secured $112 million in refinancing.

      The six-year loan through Starwood Property Trust was negotiated by HFF on behalf of the borrowers, a venture between Boston Global Investors and Morgan Stanley Real Estate Investing (NYSE: MS). The loan was structured to allow the borrower flexibility in selling parcels while maintaining leverage such that the loan will likely carry the sponsor through full execution of their business plan, HFF said.

      Collateral for the loan consists of 15 development sites, which have been used as parking lots, and have Boston Redevelopment Authority approvals for 6.3 million square feet of offices, residences, shops, restaurants, schools, hotels and open space. Located across the Fort Point Channel and the Financial District, the parcels are situated in the heart of the Hub’s Seaport District.

      Boston Global Investors has developed projects in excess of $6 billion in the last decade. Morgan Stanley Real Estate Investing is the global real estate investment management arm of Morgan Stanley. Established in the early 1990s, Morgan Stanley has $186 billion of assets in 36 countries.

      Earlier this month, Skanska broke ground on Seaport Square’s first office tower at 101 Seaport Boulevard. The $126 million, 17-story building will be the Boston headquarters for PwC who will take 75 percent of the 450,000-square foot space. Last year, Skanska bought the one-acre parcel from Morgan Stanley and Boston Global Investors for $33 million.

      The site is adjacent to Parcel K, the property Skanska bought last year with Twining Properties for $18.6 million to develop Watermark Seaport, a 350-unit apartment building. The 275,000-square-foot residential tower will be located on the southeast corner of Seaport Boulevard and Boston Wharf Road.

      Purchase of a third parcel, across the street from the PwC site, is in the works.

      Courtesy of Thomas Grillo at the Boston Business Journal

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