News: Front Section

CB Richard Ellis - N.E. Partners, LP negotiates two leases at 297 State Street, North Haven, totaling 158,186 s/f

CB Richard Ellis - N.E. Partners, LP (CBRE/NE) has negotiated two leases at 297 State St., totaling 158,186 s/f. Red Thread Spaces LLC has leased 104,425 s/f in Building 4 and 1-800-PACK-RAT has leased 53,761 s/f in Building 3. Matthew O'Hare of CBRE/NE represented the landlord, MCP Mountain 297 State Street, LLC, a joint venture between Marcus Partners and Mountain Development Corp. Chris Metcalfe, also of CBRE/NE, along with Richard Levine of CBRE NYC represented Red Thread. Peter Shiue and Connor Faught of Colliers International represented 1-800-PACK-RAT. 297 State St. is a multi-tenant industrial building with access to I-91 & 95 as well as the Merritt Parkway (Rte. 15). The site has undergone renovations recently and now is home to both Red Thread and 1-800-PACK-RAT. Up to 28,000 s/f of superb quality office space is available at the complex. Joseph Coci of Mountain Development Corp. worked closely with Mike Freda and other senior officials of the town in order to complete these leases. Coci said, "The town of North Haven has been an excellent partner in our repositioning of 297 State St. Mike Freda and his team have been tireless advocates for this property. We could not have completed these leases without the complete support and cooperation of town officials." Red Thread, a Steelcase wholly owned subsidiary, acquired BKM Total Office in 2011 to become a premier regional enterprise supporting workplace needs throughout New England. Red Thread provides customers with furniture, audiovisual, architectural systems, floor covering and technology solutions as well as comprehensive supporting services. 1-800-PACK-RAT, LLC is a portable storage container and moving company. Pack Rat now serves over 115 million people in the United States in 62 different markets and continues to expand its operations.
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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