News: Front Section

BPG Props selects CBRE as leasing agent for Westborough Office Park

CB Richard Ellis has been selected by BPG Properties, Ltd. as the exclusive leasing agent for its four properties in Westborough Office Park, a master-planned office park situated on 153 acres. The properties, located at 1700 - 2000 West Park Dr., feature over 374,000 s/f of first-class office space in addition to an attractive wooded campus and first-class tenant amenities. BPG Properties, Ltd., which owns and manages the park, recently completed a capital campaign totaling almost $5 million in renovations and upgrades to the properties. The CBRE team of Chris Tosti, Executive Vice President/Partner, Rob Walles, Senior Vice President/Partner, Bob McGuire, Senior Vice President/Partner, and Alison Powers, Associate, will market the property on behalf of BPG Properties, Ltd. "Westborough Office Park features some of the best office space in the market and we're excited to begin work on this assignment," said Walles. "From top tenant amenities to an exceptional location just north of the Mass Pike, Westborough Office Park is an excellent place to call home." Westborough Office Park is located at the interchange of Interstate 495 and Route 9 just minutes from the Massachusetts Turnpike (Interstate 90). The property is situated in a campus setting on over 150 wooded acres with numerous walking and jogging trails. The property also features on-site cafes and catering services and a new tenant-only fitness center with shower and locker room facilities. Office space features high-quality finishes, flexible floor plates and customizable layouts. Westborough Office Park is located 30 miles west of Boston, 15 miles west of Route 128 and one mile north of the Interstate 90/Interstate 495 interchange. Area amenities include numerous shopping centers, restaurants and the nearby Wyndham Doubletree Hotel and conference facility.
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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