News: Spotlights

August

Whelan Associates sells 50,540 s/f Easton medical office building for $14.7 million; Barnes of Sea Watch Realty brokers sale Cassum, Tepedino & LaBine of Holliday Fenoglio Fowler arrange $140 million financing for 471 room Renaissance Boston hotel NAI Hunneman named property manager for 1010 Mass. Ave. by the city of Boston; 220,770 s/f South End office building KeyPoint Partners awarded property mgmt. contract for 15-45 Dan Rd., Canton Commerce Center, by Great Point Investors Pro Con completes $1.3 million tenant fit-up services for Portsmouth Regional Hospital; 17,000 s/f rehab-wellness center Olympia Development completes $18m fast-track renovation for 57 room Inn by the Sea Resort in Portland; Wright-Ryan GC McCourt of The Conrad Group executes $11.5m sale of 80,000 s/f offices in Weymouth to Foxrock Properties at 90 Libbey Parkway Anderson of Prudential Rush Realty and Rohrer of Grubb & Ellis Coldstream cobroker $3.502 million sale of 18,904 s/f offices CB Richard Ellis arranges $44.8 million for Hampshire Partners' retail, office, industrial portfolio in Newington, ,Conn. Fantini & Gorga arrange $12.9 million funding for Eastern Mortgage Capital for 123 bed nursing center in Winchester, Mass. Hughes and Bradley of New Dover Assoc. broker $5.75 million sale of 69,376 s/f flex building for Marlborough County Realty Sydney Assoc. to transform Fresh Pond into 19,400 s/f landmark retail center in Cambridge; Columbia Construction CM CB Richard Ellis brokers $10.2 million sale of 100 Bank St. in Burlington, Vt. to Marley Properties for Kevin Donohoe Co. Durgin of Jack Conway arranges $1.5 million sale of 14,000 s/f office building in Milton, Mass. for K&C Realty David Marcus Ptrs. and National Grid hold topping off of 312,000 s/f Reservoir Woods LEED Gold Waltham office building Zelman of ERA Broder Comm'l. negotiates 38,256 s/f $3.675m sale of New Park Office & Conference Center in Hartford, Conn. McCormick and Mulready of CBRE broker $14.675m sale of 230,000 s/f Powder Forest Business Park in Simsbury, Conn. Vestri of Steffian Bradley designs Hastings Cos.' $50m BackRiver Townhomes in Hingham, Mass.; 50% of 45 units pre-sold Chozick Realty arranges $15.775 million sale of 125 units to Windsor Castle for J. Winkler Group in Bloomfield, Conn. Bufftree Building breaks ground for $8.8 million 20,200 s/f public safety facility for Harwich, Mass.; Kaestle Boos provides design Varholak, Purpura and Smith of Richards Barry Joyce & Partners handle 54,457 s/f Cambridge, Mass. lease for Archon Group Tito and Aron of NAI Hunneman rep Arista Foxborough in $6.5 million sale of 14,828 s/f retail site at Chestnut Green, Foxborough Blakely of TRB & Assoc. reps Kent Realty in $6 million sale of Wallace Plaza, 127,469 s/f in Fitchburg, Mass. Todreas Hanley selected to revitalize 77,000 s/f Thorne's Marketplace, Northampton, Mass.; Anderson Porter Design architect Cummings Properties serves as general contractor for 63,000 s/f speculative office building on North Rd., Sudbury, Mass. Bulfinch Cos. renovates and leases 15,000 s/f at 95 Mt. Auburn St., Cambridge, to Verizon & Inv. Fund for Foundation Hampshire Ptrs. Fund VII acquires 87,500 s/f industrial building from Billerica Rangeway LLC off Rte. 3 in Mass. Dimeo Const. tops off new 150,000 s/f Fall River Trial Court designed by Finegold Alexander on South Main St.
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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