News: Front Section

C&W's senior directors Taylor and Ruggiero broker $490,119 s/f lease

National Development has completed a long term lease totaling 490,119 s/f in Littleton Corporate Center at 550 King St. The property is located at the intersection of I-495 and Rte. 119 and was previously occupied by Digital Equipment Corp. and Hewlett Packard. Cushman & Wakefield's senior directors Torin Taylor and Rich Ruggiero represented the landlord, a joint venture between National Development and New York-based Angelo Gordon. The tenant, IBM, was represented by Flory McCarthy and Matt Dwyer of Jones Lang LaSalle. "When our venture acquired this property in 2006, we felt it was well positioned to attract a large corporate user to Littleton Corporate Center," said John O'Neil, National Development's Managing Partner. "The Town of Littleton, in conjunction with the Governor Patrick's office, has been extremely proactive in helping us to attract IBM to this property." IBM has announced plans to house most of its 5,000 Mass. employees at its new campus in Littleton. Until the IBM lease was signed, Littleton Corporate Center was one of the only large blocks of space available in the 495 North marketplaces. The 39 acre, three story Class A office facility, consists of two buildings completed in 1984 and 1987. Current plans for the property include significant upgrades to the facility and increases in parking.
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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