News: Front Section

Brady Sullivan Properties purchases 147,000 s/f building and 16 acres abutting Manchester Regional Airport

Brady Sullivan Properties has acquired 1050 Perimeter Rd. This class A office and flex property directly abuts Manchester Boston Regional Airport and features 147,000 s/f of office space. The sale pricewas not disclosed. The multi-tenanted building is located on 16 acres with abundant parking and excellent exposure. Existing tenants include Stonyfield Yogurt, NDX, Edgewater Technology, and Black Box Network Services. Brady Sullivan has plans to make immediate improvements to the property including painting of the exterior, updating signage, renewing the landscaping, and renovating the common areas. "We're thrilled to expand our footprint into the commerce section near the Manchester Airport, which is really thriving. For a while we've had our eye on expanding our portfolio near the airport and this has provided an excellent opportunity. We look forward to hitting the ground running with our improvements and leasing activity" said owner, Arthur Sullivan. Brady Sullivan Properties owns over four million s/f of class A and industrial real estate in New Hampshire, including several properties in Manchester such as The Plaza at 1000 Elm, Waumbec Mill Building at 250 Commercial St., Jefferson Mill at 670 N. Commercial St., The Brady Sullivan Tower at 1750 Elm, and the R.G. Sullivan Building at 175 Canal 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