News: Northern New England

Brady Sullivan Props. negotiates 4 leases totaling 23,899 s/f

Brady Sullivan Props. recently completed a renewal and expansion with their current tenant, Amoskeag Auction Co. Inc. at the Waumbec Mill. This lease transaction consisted of 16,785 s/f, located at 250 Commercial St. Amoskeag Auction Co. added an additional 6,780 s/f as they expanded into a newly developed space within the building. At 1750 Elm St. Exeter Finance Corp. has leased 1,951 s/f of Class A office space. The tenant was represented by Jim Mongomery of the Swearingen Realty Group, LLC. Albert Drukteinis, MD, J.D. has opted to extend his lease at 1750 Elm St. for 1,382 s/f of office. Current tenant, RBC Capital Markets Corp. has signed a long term extension at 1750 Elm St. for 3,781 s/f of Class A office space. 1750 Elm st. was built in 1972 and is close to all major highways. The commercial team at Brady Sullivan Prop. represented the landlord.
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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