News: Northern New England

Choate of Grubb and Ellis Northern New England leases two units at Greenland Village Shops

Grubb & Ellis|Northern New England leased two spaces at Greenland Village Shops, 655 Portsmouth Ave. David Choate of G&E|NNE's Portsmouth office represented the landlord and assisted the tenants. Splatter Palette Tattoo and Art Studio leased 1,021 s/f of retail space. Jamie Traversy, owner of Splatter Palette, said she chose the location because her shop will offer a place for people to purchase custom art on their bodies but also artwork in general. It will also serve as a place for local artists to hang their own art. Seacoast Body Balance, LLC, a physical therapy practice which specializes in orthopaedic and sports medicine injuries, as well as treatment for vestibular problems, has leased 835 s/f of first floor office space. Melissa Gahr, MSPT, formerly worked across the parking lot at New Hampshire Hearing and Balance. Gahr said she chose to open her own practice in the same complex because of the large patient base she has developed in Greenland over the past five years. Seacoast Body Balance will feature new technologies, facilities, and equipment for patient use.
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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