News: Retail

Blakely of TRB & Associates brokers $1.55 million sale

TRB & Associates has brokered the sale of 1373 Broadway (Rte. 1) for $1.55 million. The 6,000 s/f retail building is 100% occupied by Carsmetics and sits in front of the Square One Mall owned and managed by Simon Malls and adjacent to Rte. 1 on the southbound side. Thomas Blakely, CCIM and president of TRB & Assoc. based in Lincoln, Mass., represented the seller 3BS Realty LLC. WJ Nealon represented the buyer. "TRB & Associates is extremely pleased to have represented another sophisticated ownership entity and to have gotten them the value they deserve" said Blakely. TRB prides itself on consistently providing personalized customer service to its clients while completing commercial real estate transactions that are valuable to the parties on both ends of the deal.
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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