News: Front Section
Posted: December 27, 2013
Belsito of O'Brien Commercial Properties, Inc. completes 10,400 s/f lease and office building sale
Provia Labs, a health services company, relocated to 10,400 s/f at 11 Beaverbrook Rd. The company specializes in dental stem cell banking and also offers bio-banking advisory services. Provia will be utilizing the first class flex building and clean room laboratory space for research and development and also for its corporate operations. Joe Belsito of O'Brien Commercial Properties, Inc. represented the landlord in this transaction while Joel Aho of O'Brien Commercial Properties, Inc. represented the tenant.
Also, G and C Group, USA recently purchased the building at 525 Main St. in Acton. They will occupy a portion of the building for their business activities, along with existing tenants, Dr. Howard Zubick of Hearing Resources, and the Russian School of Mathematics. The sale of this building was brokered by Belsito of O'Brien Commercial. The Stubblebine Company and Wei Wang of Coldwell Banker procured the buyer.
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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
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
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 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