Real estate partners to put $1.5B into Mass. NorthPoint project

09/9/2010 | Boston Globe (tiered subscription model), The

The long-stalled NorthPoint mixed-use project that sits just outside Boston is getting a monetary shot in the arm from a real estate fund co-managed by former NBA superstar Magic Johnson. The Los Angeles-based financial group Canyon-Johnson Urban Funds says it will work with HYM Investment Group of Boston and Atlas Capital Group of New York to sink about $1.5 billion over 10 years into the 44-acre tract in Cambridge.

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