News: Spotlights

Barnes of Sea Watch Realty sells Cummings Building for $1.125m

Sea Watch Realty, Inc. sold the historic Cummings Building located at the corner of Purchase St. and William St., in downtown New Bedford. The property was sold to a private investor. Rick Barnes of Sea Watch Realty represented the seller of the property and Judith Lima of Platinum Group Realty represented the buyer. The ornate and detailed brick structure is a cornerstone retail and office building on the cobblestone streets of the New Bedford historic area. Originally built in 1920, it is occupied by a number of ground level retail tenants and upper level artist's lofts. The sale price of the property was $1.125 million. Sea Watch Realty is a commercial real estate brokerage company specializing in commercial and investment properties in southeastern Mass. with offices in Marion, Falmouth, Hyannis, Plymouth and South Easton.
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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