News: Northern New England

CBRE|Boulos brokers 6 leases totalling 22,614 s/f and 5 acre development site

CBRE | The Boulos Co. negotiated 4 office, one industrial and one land lease. * Surveillance Specialties LLC has leased 4,800 s/f of industrial space at 4 Thomas Dr. in Westbrook, from the landlord, Millennium Development LLC. Dan Greenstein represented the landlord. Greg Hastings of NAI/The Dunham Group represented the tenant. * Bolduc Employment Support & Services has leased a 1,059 s/f office suite at 175 Lancaster St. at the Bayside Complex in Portland from Bayside II, LLC. Justin Lamontagne represented the landlord. * Summit Adjustment Service Inc has leased 1,152 s/f of office space at 47 Gray Rd. in Falmouth from David Rogers. Nate Stevens represented the landlord and the tenant. * TRC Environmental Corp. has renewed their 4,268 s/f office lease at 125 John Roberts Rd. in South Portland. This lease was brokered by Boulos Property Management. * HP Hood, LLC has leased five acres at Thompson's Point in Portland from Thompson's Point, Inc. This transaction was brokered on behalf of the tenant by Craig Young, CCIM and on behalf of the landlord by Alan Fishman of Fishman Realty Group. * HM Payson & Co. has leased 11,335 s/f of office space at One Portland Sq. from RREEF America REIT III-Z4 LLC. Daniel Greenstein represented the tenant and Deb Napolitano of Paragon Commercial Real Estate 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