News: Front Section

Boston Realty Advisors completes $12.8 million sale of 43-unit apartment building

Boston Realty Advisors (BRA) has completed the sale of 52 Westland Ave., a 43-unit apartment building located in the city's Fenway neighborhood for $12.8 million. The buyer was 52 Westland Enterprises LLC and the seller was 52 Westland LLC. 52 Westland Ave. is a five-story, 43 unit, apartment building, located in the city's Cultural District. The asset benefits from its location across the street from Whole Foods and its adjacency to the Boston Symphony Hall. Christopher Sower, managing director and partner of BRA, said, "The offering had over 100 interested parties. The process was very competitive." Jason Weissman, principal and founder of BRA said, "The properties unique location, sandwiched between Longwood Medical Area and the Back Bay probably added to the buyer's interest level." Other local neighborhood amenities and attractions include easily accessible garage parking, public transportation (E Line Symphony Stop and Hynes Convention Center), The Shops at Church Park, The Museum of Fine Arts, The Isabella Gardner Stewart Museum, the Back Bay Fens and Emerald Necklace park system designed by Frederick Law Olmsted, Fenway Park and world-class Newbury St.
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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