News: Spotlights

Colliers Meredith & Grew brokers four leases totaling 28,438 s/f at Brickstone Square

Transwestern Investment Company, a principal investment firm specializing in commercial real estate, has added four new tenants to its Brickstone Square property. The leases, totaling 28,438 s/f, will bring Hinckley, Allen & Snyder LLP, NuView Systems Inc., Old Republic Title Insurance Company and VKernel Corporation to the business center in the fall of 2009. The Colliers Meredith & Grew team of Matthew Daniels, Christopher Lawrence and Brian Tisbert represented Transwestern in the transactions. Since purchasing Brickstone Square in late 2005, Transwestern has invested a significant amount of capital within the common areas of the building as well as the speculative and custom build-out of vacant space. "Even in turbulent times, Transwestern is able to deliver a significant turnkey tenant improvement package and offer other incentives that make Brickstone Square an attractive option for new tenants," said Daniels. "Transwestern is getting deals done in this marketplace." NuView Systems Inc., a global provider of human resources and payroll software tools, has executed a new 14,794 s/f lease to relocate its headquarters from 155 West St. in Wilmington to 200 Brickstone Square. The move is a 5,000 s/f expansion for the firm. Matthew Daniels and Brian Tisbert of Colliers Meredith & Grew represented NuView Systems. Old Republic Title Insurance Company executed a new 6,876 s/f lease. Lawrence Epstein and Christopher Lawrence of Colliers Meredith & Grew represented Old Republic Title Insurance Company in the transaction. VKernel Corporation, a provider of virtualization management and optimization software, signed a 4,379 s/f lease to relocate its headquarters from Portsmouth, N.H. VKernel was represented by the T3 Advisors team of Greg Hoffmeister and Mike Taylor. Full service law firm Hinckley, Allen & Snyder LLP executed a new 2,389 s/f lease which represents an expansion for the firm. Joseph Sciolla of CresaPartners LLC represented Hinckley, Allen & Snyder in the transaction.
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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

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