News: Northern New England

CBRE|The Boulos Co. brokers 5 deals

Gregory Boulos of CBRE|The Boulos Co. brokered the sale of a 5,000 s/f retail building at 48 West St., which houses Arlberg Ski & Surf Shop, on behalf of 48 West and The Holland Island LLCs. Steve Baumann of Cardente Real Estate represented the seller, AHP Investments LLC. Dan Greenstein and Derek Miller of CBRE|The Boulos Co. brokered the lease of a 600 s/f of retail space at 999 Forest Ave., Portland, on behalf of the landlord, Income Property Management. Jon Leahy of CBRE|Boulos represented the tenant, Portland Pawn. Nate Stevens of CBRE|Boulos brokered the lease of 2,925 s/f of office space at 469 Forest Ave., Portland, on behalf of the landlord, Storrey Property Management LLC. Lee Nelsen of Fishman Realty represented the Maine Assn. of Substance Abuse Programs. Andrew Ingalls of CBRE|Boulos brokered the lease of 748 s/f of office space at 159 Front St., South Portland, from the landlord, GERAD LLC, to Business Envelope Consultants Inc. Chris Paszyc leased 4,000 s/f of office space to Sure Express for the landlord of 79 Leighton Rd., Augusta, J&R Assoc., LLC.
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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