News: Northern New England

Billipp and Kane of The Kane Co. sell 52,000 s/f industrial - $1.65 million

The Kane Company sold 13 Center St. for $1.65 million. This 52,000 s/f industrial property is situated on a 10 acre lot and was formerly occupied by a plastics manufacturer. Fisher Auto Parts will now be using the building as a central warehouse for their expanding operations in New Hampshire, where they operate under the name of Robbins Auto Parts. Peter Billipp of The Kane Co. represented the seller and Joseph Kane of The Kane Co. represented the buyer. The new owners selected the property after an extensive search throughout southern New Hampshire. This property is situated midway between Portsmouth and Manchester and is off exit 5 of Rte. 101. The property representative for the new owner said "the property on Center St. is ideal for our business needs. The Kane Co. did an excellent job throughout the process, keeping us informed and responding to our questions and requests. They went above and beyond in working with the former owner to have the property ready on schedule and move-in condition for us".
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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