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CBRE | The Boulos Company completes multiple deals in Maine

CBRE | The Boulos Company completed the following deals: * Pettengill Learning Academy leased 10,336 s/f at 1 Atlantis Way, Lewiston, ME. The property was leased from landlord MRE, LLC. The building will be converted to a day care and early child learning center. Pettengill Academy will open in this location in October. The building was formerly occupied by TD Bank for back-office functions. Last year, local investor MRE, LLC purchased the vacant building and listed it for lease. Chris Paszyc, CCIM, SIOR, represented the landlord in the transaction. * Casco Bay Eyecare leased 3,976 s/f at 455 Fore St., Portland. Casco Bay Eyecare, an optometry group founded in 1998, has five Maine locations. This fall, they will move their Portland office from Middle St. to Two Portland Sq. Their new location will boast a prominent street-level retail presence at the corner of Fore and Union Sts. Andrew Ingalls represented the tenant in the transaction and Drew Sigfridson, SIOR represented the landlord, North River IV, LLC. * Veranda Thai leased 2,691s/f at 245 Commercial St., Portland. Veranda Thai will be opening in the former Salt Exchange location this fall, having signed a lease with landlord Casco View Holdings, LLC.Catie Cardner and Sigfridson represented the landlord in the transaction. * Painting with a Twist leased 3,840 s/f at Saco Valley Shopping Center. This will be the franchise's first Maine location. Painting with a Twist was founded in 2007 in Mandeville, LA, and there are 235 locations nationwide. Ty Hobbs arranged the transaction on behalf of the landlord, Saco Valley, LLC. * CVS State Capital, LLC purchased a redevelopment parcel from seller Gilmore Seafood. The buyer plans to construct a retail pharmacy on the site. Charles Day represented the seller.
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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