News: Front Section

Batchelder of Wyman Street Advisors represents Hobbs Brook Management LLC in 68,145 s/f

According to Hobbs Brook Management LLC, Compuware has relocated to 68,145 s/f of office space at 404 Wyman St. The move consolidates the company's former offices at 10 Maguire Rd. in Lexington and 400 Totten Pond Rd. in Waltham. 404 Wyman St. is a four-story, 449,000 s/f building in Hobbs Brook Office Park. Recently renovated, it offers tenants a connection to the outdoor environment through rooftop terraces and open atria with skylights. Other new finishes include wood paneling and a granite lobby. "The most gratifying aspect of any successful lease is the new relationship with a client," said Trish Holland, assistant manager of real estate, construction and leasing at Hobbs Brook. "We have worked hard to provide Compuware with first-class office space and dedicated customer service. Our ongoing goal is to accommodate the needs of its employees so that they may continue to make important contributions to the global technology industry." Chip Batchelder of Wyman Street Advisors negotiated the lease for Hobbs Brook. Shawn McDonough, Joe Sciolla and Andrew Orpik of Cresa Boston and Cameron McCausland of Cresa Detroit and Ann Coggeshall of Cresa Denver represented Compuware. As both owner and operator, Hobbs Brook is committed to providing its tenants and their employees with a reliable and fully functional business environment.
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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