News: Front Section

Alvarado of Parsons Commercial Group represents kSARIA in 28,985 s/f lease

Marci Alvarado, vice president at Parsons Commercial Group, Inc. (PCG), represented kSARIA Corp. in their expansion and relocation of 28,985 s/f to 300 Griffin Brook Dr. kSARIA is a privately held military and aerospace interconnectivity technology firm. "The company is moving to accommodate their rapid growth needs and to upgrade their facility. They have outgrown their 12,000 s/f space at their current location in Lawrence," said Alvarado. The search began in late fall of 2010. 300 Griffin Brook Park Dr. was a great fit for several reasons. The building is an office and R&D facility easily accessible to Rte. 495 and Rte. 93. "The property owner was extremely accommodating and creative, which further assisted in securing the deal," said Alvarado. The company expects to move in November 2011 to their new location. Grubb & Ellis represented the Landlord RREEF in the transaction.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary