News: Front Section

Burgess and Nohrden of Burgess Properties Inc. handle $4 million sale

Burgess Properties Inc., one of Greater Boston's premier commercial brokerage firms, has brokered the $4 million sale of 150 Eastern Ave., to the principals of Eagle Air Freight. The seller was Prologis. 150 Eastern Ave. is an air-freight warehouse building located across the Chelsea Creek Bridge from Logan Airport. Consisting of 30,000 s/f of office space and 30,000 s/f of warehouse space, it has long occupied a prominent place in the Boston air-freight market. According to Phil Burgess, "After a decade of decline, the recent resurgence in area manufacturing has marked the beginning of what we hope will be a strong and lasting recovery in the air-freight market in Boston. As the primary trucking company serving Boston's air-freight community, it made sense for Eagle Air Freight to step up and purchase the property at this time." Burgess and Stephen Nohrden of Burgess Properties brokered the transaction. Founded in 1997, Burgess Properties is a full-service commercial brokerage firms specializing in the sale and leasing of office, industrial and other commercial properties.
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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