CB Richard Ellis/New England's capital markets team has brokered the sale of 40 Court St. from The Carlyle Group to Brickman Associates for $37 million. 40 Court St. is a 110,005 s/f, 84% leased, boutique multi-tenant office building in Boston's Central Business District. The property sits next to Government Center and the historic Faneuil Hall Marketplace and is within walking distance to Boston's waterfront, the Downtown Crossing shopping area and historic Beacon Hill.
The CB Richard Ellis capital markets team of Gary Lemire, Bill Moylan and Chris Angelone, along with CBRE downtown leasing specialists Timothy Lyne and William Crean, represented The Carlyle Group and procured Brickman Assoc.
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