News: Front Section

Avison Young brokers 54,849 s/f lease renewal for Oliver Wyman at the John Hancock Tower, 200 Clarendon Street

Avison Young has brokered a 54,849 s/f lease renewal at the John Hancock Tower, 200 Clarendon St. The Avison Young team led by principals Jack Kerrigan, Karyn McFarland and Steve Cook represented the tenant, Oliver Wyman. Avison Young vice president, Matt Twombly also provided brokerage support. David Provost, senior vice president and Philip Dorman, vice president, represented Boston Properties. Located in the city's Back Bay neighborhood, the 62-story, 1.7 million s/f John Hancock Tower is New England's tallest building. The iconic tower offers 360-degree panoramic views of the Back Bay, Charles River, Cambridge, the Public Gardens, Boston Harbor and the surrounding areas. "Oliver Wyman has enjoyed a long term tenancy in the Hancock Tower and is excited to be continuing their tenancy in the Back Bay's premier building" said Kerrigan. "Furthermore, Oliver Wyman is pleased to remain within the Boston Properties portfolio as they enjoy a wonderful working relationship." Over the past four years, Avison Young has grown from 11 to 46 offices in 36 markets and from 300 to more than 1,200 real estate professionals across Canada and the U.S. Oliver Wyman is a global leader in management consulting. With offices in 50 cities across 25 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,000 professionals, help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies.
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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