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Needham officials hope to block Amazon facility from prominent Route 128 site


Needham officials hope to block Amazon facility from prominent Route 128 site
A proposed rezoning of the Muzi Ford and WCVB properties would rule out warehouses
By Jon Chesto Globe Staff,Updated April 18, 2021, 1 hour ago
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An Amazon Prime truck at a warehouse in Dedham. Warehouses have recently been appearing in higher-profile locations to speed deliveries.Steven Senne/Associated Press
Needham officials are watching Amazon warehouses proliferate throughout Greater Boston’s suburbs, and they worry one of their town’s most prominent sites could be next.
That has provided added motivation to rezone 15 acres on Highland Avenue overlooking the town’s main Route 128 ramps — land occupied by the Muzi Ford and Chevrolet dealerships and the WCVB-TV studio. ....

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Affiliate of Paceline Equity Partners Acquires Commercial Loan Secured by Sheraton Needham Hotel in Boston Metro Area


Press release content from Business Wire. The AP news staff was not involved in its creation.
Affiliate of Paceline Equity Partners Acquires Commercial Loan Secured by Sheraton Needham Hotel in Boston Metro Area
February 12, 2021 GMT
DALLAS (BUSINESS WIRE) Feb 12, 2021
An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has acquired a commercial loan secured by a senior mortgage encumbering a Sheraton Hotel located in the Boston suburban area of Needham, Massachusetts from a regional bank. The acquisition closed in January 2021.
The Sheraton Needham hotel is a 247-room full-service hotel with a full suite of amenities. Just outside Boston, the hotel is well located on the I-95 Corridor, within the 41-acre Needham Crossing business district home to a diverse tenant base, including office, flex/industrial, multi-family, and retail. ....

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