News: Retail

BKA Architects design 56,295 s/f Lundgren Honda dealership

The new 56,295 s/f Lundgren Honda dealership, located at 145-163 Washington St., has opened for business. BKA Architects of Brockton, developed the design that adapted the new Honda Dealership prototype to the demands of the site and the specific needs of Lundgren Automotive Group. Construction Management & Builders Inc. of Lynnfield, was the general contractor for the project. Having outgrown the existing 28,000 s/f facility that it occupied since the mid-1990s, Lundgren Honda pursued development of a new dealership facility that met American Honda Motors' new brand standards, and also met specific space requirements. The new building allows Lundgren Honda to increase its new and used vehicle inventory and expand its service operation. The building features a showroom, a service department with 22 service bays, an automatic car wash, 4 quick-lube service bays, and 8 car quick lube oil change pits. For customers visiting the showroom or waiting while their cars are serviced, there is a business center with free wifi, lounge chairs with tablet arms, and a charging station for all mobile devices. Additionally, there is a customer lounge, a café and a children's play center available for their use. The parking lot has 417 spaces nine of which are designated handicapped parking spots. During the groundbreaking ceremony in Nov. 2011, the new dealership was dedicated to Richard Lundgren, the father of Barry Lundgren and his brother Patrick Lundgren, who are the current owners of the dealership.
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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