News: Retail

Coffman Realty opens Wilmington Plaza - designed by BKA Arch.

The new strip center developed by Coffman Realty and designed by BKA Architects has finished construction and started leasing the units. The new strip center has a total of five buildings of which two are located on pad sites. The three buildings designed by BKA Architects total 62,000 s/f, and are able to accommodate a different number of tenants. The first and largest building is 52,000 s/f and is sub-divided to house seven tenants. The anchor tenant for this building is Staples. The second 6,700 s/f building has six units. The third and last building, at 3,200 s/f, accommodates two units. One of the two units has been leased by Starbucks. Aside from the national retailers who have staked a claim in the development, a number of local retailers are leasing spaces as well. The design of the strip center is fairly typical of this building type. The outer shells of the buildings are comprised of plaster-stucco with a stone veneer base at the primary facades and colored concrete masonry units at the service areas of the exterior. The two pad sites were leased and developed separately by tenants; Danvers Bank and Ruby Tuesday.
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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