News: Northern New England

Bennett Real Estate Brokerage completes $190,000 sale to Housing Benefits

Redevelopment will occur at the 641 Hayward St. address. The Urban Multifamily zoned lot will become home to new affordable housing units. The property was once used for automotive repairs, by P V Automotive, servicing the local area residents. The 13,000 s/f lot will provide six 2-bedroom rental units in accordance to the (Permanent Supportive Housing Program) supportive housing to families who are homeless or at risk of becoming homeless. The scope is to redevelop foreclosed or abandoned residential properties to serve individuals and families making less than 50% of area median income. The housing will serve to stabilize the neighborhood by creating an anchor in the community which will reduce displacement, provide affordable housing stock, and encourage neighborhood pride. Robert Bennett of Bennett, R.E. Brokerage represented Mystic Brook, LLC, seller and Chris Davies of Great Bridge Properties represented Housing Benefits, Inc., buyer in the transaction. The sale price was $190,000.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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