News: Spotlights

CBRE/NE and Dickinson Development broker two leases totaling 10,389 s/f

On behalf of New Boston Fund, an independent, privately owned real estate investment manager, CB Richard Ellis/New England has signed two leases totaling 10,389 s/f at New England Business Center, a three-building 248,000 s/f master-planned office park. Joining the property will be GHD, an international engineering firm, which will occupy 2,142 s/f on the second floor of 35 New England Business Center. At 10 New England Business Center, Vanasse & Associates - a New England based traffic engineering, transportation planning and highway design firm - will extend its lease for 8,247 s/f. CB Richard Ellis represented the ownership, New Boston Fund, in both transactions while also representing GHD in its long-term lease; Quincy-based Dickinson Development represented Vanasse & Associates, Inc. "We're pleased to have attracted and retained two excellent tenants here at New England Business Center," said Paul Stuart of New Boston Fund. "These decisions speak to the park's excellent location, top tenant amenities and strategic location in the Rte. 495 North Submarket." The CBRE team of Jason Levendusky, first vice president; Kerry Olson, vice president; and Robert LeClair, associate, represented New Boston Fund and GHD in the transactions. Mark Dickinson of Dickinson Development represented Vanasse & Associates, Inc. Built in 1998, 35 New England Business Center offers over 85,500 s/f of Class A office space in addition to an on-site daycare, fitness facility and cafeteria. 10 New England Business Center, built in 1989, offers over 88,000 s/f of Class A office space and features granite floors, carpeting and mahogany trim. A full-service Marriott Courtyard and Wyndham Hotel are located next door. Both buildings are situated within the expansive New England Business Center office park which sits on 42 acres of land.
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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