Buth and Bertrand of MB Real Estate broker a 214,400 s/f lease
MB Real Estate (www.mbres.com signed a long-term lease renewal agreement with Blue Cross Blue Shield Association (BCBSA). The largest tenant at 225 N. Michigan Ave., one of the two towers in the Michigan Plaza complex, BCBSA occupies more than 214,400 s/f on all of floors two through six plus part of floors eight and nine, making today‚s lease transaction one of the biggest in Chicago in 2007.
The 12-year lease renewal was brokered by Mark Buth and Kathleen Bertrand of MB Real Estate and Lisa Konieczka, Cal K. Wessman and Bill Sheehy of CB Richard Ellis, on behalf of the Blue Cross Blue Shield Association.
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 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!
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 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