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BOSTON — Boston Properties Inc. (NYSE:BXP), a real estate investment trust, has completed the $615 million acquisition of 100 Federal Street, a 1.3 million-square-foot office tower in Boston’s Financial District. Locals refer to the Class A property as the “Pregnant Building” because of its protruding design. The firm purchased the property from an affiliate of Bank of America, N.A., and is expecting to incur approximately $700,000 in closing costs, which will be expensed in the first quarter of 2012. In addition to the acquisition, Boston Properties entered into a long-term lease agreement with the seller for approximately 787,000 square feet. The 37-story office property is 93 percent leased and features views of the Financial District, Post Office Square Park, the waterfront, Boston Harbor, the Charles River and the Cambridge skyline. It’s situated on an entire 2-acre city block on Federal Street and bounded by Franklin, Congress and Matthews streets. Boston Properties’ portfolio of 153 properties includes Class A office space, one hotel, three residential properties and three retail properties located in Boston, New York City, San Francisco, Washington, D.C., and Princeton, N.J. Approximately 77 percent of Boston Properties’ portfolio is located in CBDs, and the rest is located in suburban …

LONG ISLAND, N.Y. — Savanna has completed a $196 million investment for a majority stake in the 795-unit Atlantic Point, a garden-style apartment and townhome complex located on Long Island. The company will own and recapitalize the property in a venture with Pantzer Properties. Pantzer Properties purchased the property in phases between 2003-2004 from a joint venture between Trammell Crow and JP Morgan. Atlantic Point, which was completed in 2004, includes four swimming pools, three tennis courts, an indoor basketball court and a fitness center. “We look forward to our new partnership in owning this premier property with Pantzer Properties and we are pleased to have had Berkshire and Berkeley Point assist us with our financing needs,” said Nicholas Bienstock, managing partner of New York-based Savanna, in a prepared statement. “This is a Class A multifamily property in a core location with a great in-place property management team.” The partners refinanced the existing debt on the property with a new $169.6 million, 7-year loan, comprised of a $138.6 million Freddie Mac CME first mortgage issued by Berkeley Point Capital and a $31 million mezzanine loan originated by Berkshire Property Advisors. Leverage was reduced by approximately $32 million as part of …

Apple, the iconic information technology company whose products include the popular iPad and iPhone, plans to expand its presence in Austin by investing $304 million in a new campus that will create more than 3,600 new jobs over the next decade, Texas Gov. Rick Perry announced Friday. The planned campus will more than double the size of Apple's workforce in Texas during the next decade, supporting the company's growing operations in the Americas with expanded customer support, sales and accounting functions for the region. In exchange for Apple's commitment to create these new jobs in Texas, the state has offered Apple an investment of $21 million over 10 years through the Texas Enterprise Fund. The agreement is contingent upon the finalization of contracts and a local incentive agreement with the City of Austin and Travis County. The city has proposed incentives of up to $8.6 million. “Apple is known for its bold innovation and game-changing designs,” the governor stated in a press release, “and the expansion of its Austin facility adds to the growing list of visionary high-tech companies that have found that Texas' economic climate is a perfect fit for its future.” The state’s relatively low taxes, reasonable and …

SAN FRANCISCO —Zynga Inc., a San Francisco-based online gaming company whose products include Words With Friends and FarmVille, has entered into an agreement to buy its corporate headquarters for $228 million. The office building, which is located at 650 Townsend St. in San Francisco, spans approximately 670,000 square feet. Zynga (NASDAQ: ZNGA) plans to close the transaction in the second quarter. Founded in 2007, the company refers to itself as the world’s leading social game developer with 240 million average monthly users in 175 countries. The seller and current owner of the office property is 650 Townsend Associates, a Delaware-based limited liability company and affiliate of TMG Partners. Zynga will deposit $25 million in escrow in connection with the transaction, which can be retained by the seller if closing conditions are satisfied and Zynga fails to close the transaction. The escrow will be established through Oakland, Calif.-based Chicago Title Co. Zynga currently leases approximately 65 percent of the building. According to the purchase agreement, the office lease with the seller will either terminate or be assigned to an affiliate of Zynga’s at the close of the sale. The seller has retained Jones Lang LaSalle for brokerage services in the transaction, …

BRENTWOOD, TENN. — Brookdale Senior Living Inc., a Brentwood-based senior living owner and operating firm, has acquired nine seniors housing communities for $121.3 million. The properties include a total of 1,295 units. Brookdale previously operated the nine properties under long-term leases. At the request of the seller, the names and locations of the properties were not disclosed. The transaction comes at a time when there is uncertainty in the seniors housing market due to the Centers for Medicare & Medicaid Services (CMS) ruling to cut hospital reimbursements by 11 percent, or $3.87 billion, in fiscal year 2012, which began Oct. 1, 2011. Although the ruling may have bridled sales of seniors housing in the short term, the long-term demand for these facilities is expected to grow. According to Marcus & Millichap’s most recent market report on seniors housing, persons age 65 and older makes up 13 percent of the U.S. population. During the next 10 years, that age cohort is estimated to reach 17 percent of the general U.S. population. Brookdale’s acquisition fulfills a stance made in the Marcus & Millichap report, which stated, “Uncertainty surrounding the Medicare ruling will temper sales velocity … but trading will persist as regional …