News: Front Section

Alvarado, Parsons, Berger and Galvani of Parsons Commercial Group broker 2 leases totaling 31,602 s/f

The listing team of Marci Alvarado, Jake Parsons and Alex Berger of Parsons Commercial Group recently completed the renewal of Intercall Inc., a division of West Corp., a conferencing solutions company. The company renewed 11,602 s/f of office space at 130 New Boston St. The team exclusively represents 130 New Boston St. for landlord, KS Partners. The 55,000 s/f building is one mile off of I-95 and I-93, with access to the MBTA and there are several hotels and a restaurant on-site. These amenities coupled with the landlord's flexible terms have created an increased activity from tenants looking for office space in the market. "Intercall, Inc. is a great tenant for the building and we are happy they have decided to stay," said, Alvarado. Also, Victor Galvani, vice president at Parsons, represented Father and Son Moving and Storage in their expansion and relocation of 20,000 s/f to 45 Dunham Rd. in Billerica. Father and Son Moving and Storage is a family-owned Boston based moving company. "The company is moving to accommodate their growing business," said Galvani. 45 Dunham Rd. was a great fit for several reasons. The building is an industrial warehouse and storage facility office, off Middlesex Tpke., 3.5 miles from I-95, 8 miles from I-495 and less than 20 miles from Boston. "The location was ideal for the company who needed access to all of the major thoroughfares," said Galvani.
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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