News: Front Section
Posted: March 11, 2009
CBRE/N.E. brokers 9,050 s/f lease for Normandy
CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, brokered a new 9,050 s/f lease on behalf of Normandy Real Estate Partners at Dedham Place. Joining the property at 3 Allied Dr. is MediaTek Inc. The CBRE team of Steve Clancy, executive vice president/partner, and Jim Nicoletti, executive vice president/partner, represented Normandy R.E. in the transaction. Jack Kerrigan, executive vice president, and Steve Cook, senior vice president, both of Grubb & Ellis, represented MediaTek Inc.
Dedham Place, a four-story, 161,000 s/f class A office building, is located at exit 14 of Rte. 128/I-95. The property features full-service conference facilities and covered parking and is attached to the Hilton Boston/Dedham, a 256-room hotel and conference center. Shared amenities include an on-site restaurant, a full-service health and fitness center, indoor swimming pool, tennis courts and jogging trails.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
