News: Front Section

Boston Realty Advisors completes $2.6 million sale of 7,800 s/f office building

Boston Realty Advisors (BRA) has sold 90 Hamilton St., a 7,800 s/f office building located in the city's Cambridgeport neighborhood for $2,626,400 on behalf of its client Urban-SRP 90 Hamilton, LLC, a joint venture between Urban Spaces LLC and StoneRiver Properties LLC. The sale was coordinated by BRA's capital markets team which included Chris Sower, Jason Weissman, Michael d'Hemecourt, Robert LeClair and Jeremy Freid. Set directly off of Brookline Ave., one of the city's main thoroughfares, 90 Hamilton St. is located near Kendall Sq., Central Sq., Harvard Sq., Downtown Boston as well as Somerville and Charlestown. Owing to the area's demand for all product types, 90 Hamilton provides users/investors and developers with numerous options including use as an investment property, owner occupant or re-development as multi-family, retail, office or any mix thereof. Christopher Sower, managing director and partner of BRA, said, "With so many potential uses for the property we are very interested in seeing what the new owners will do with it." Jason Weissman, principal and founder of BRA said, "Both seller and buyer were a pleasure to work with, which resulted in a successful sale". BRA (www.bradvisors.com) is a privately held commercial brokerage firm based out of Boston Massachusetts. BRA specializes in the sale and leasing of investment and commercial properties throughout New England.
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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