News: Retail

Boulevard Consumer Sq. in Amherst welcomes five new tenants

The Boulevard Consumer Sq., which is about the say good-bye to one anchor tenant, is poised to welcome five new stores. The 700,000 s/f plaza, located on Niagara Falls Blvd., will be seeing its oldest tenant, Kmart, close its 115,600 s/f store in January. Developers Diversified Realty Corp., has lined up five tenants for what will be the revamped Kmart store. All five stores should be open within the next 12 months. According to Town of Amherst documents, the Kmart store will be jointly occupied by Eastern Mountain Sports, Ultra Cosemtics, Christmas Tree Shops, OfficeMax and Old Navy. DDR is also planning a 7,100 s/f out parcel near the Kmart store that will likely house one or two restaurants.The center is anchored by such tenants Lowe's, Best Buy and Target.
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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