News: Front Section

Conrad, McCourt and McEvoy of The Conrad Group handle 15,000 s/f lease

The Conrad Group, Inc. has recently leased 15,000 s/f at Norwell Corporate Center at 141 Longwater Dr. It marks the 4th lease the firm has consummated in the past 8 months totaling 91,000 s/f. The new tenant, Onpoint Financial Corp., is a national firm and a leader in sub-prime auto financing. The firm establishes partnerships with used automobile dealers nationwide and provides financing to their customers. According to Robert Conrad, president of The Conrad Group and exclusive agent for Foxrock Properties, " We're extremely happy to add Onpoint Financial to our tenant roster at Norwell Corporate Center. Since acquiring the asset last year and having renovated the building, Foxrock continues to gain momentum in leasing the entire building which totals 270,000 s/f. Our amenities include an on site cafeteria which seat 175 people, a fitness center with locker rooms and a conference center. In addition, we offer our tenants free storage space. It's a formula that works in this very competitive market we find ourselves in." Onpoint joins other tenants including Wearguard, Inc., TriCore Inc. and Thorbahn Insurance Company. Conrad was assisted by Paul McCourt and Jim McEvoy also of The Conrad Group in this transaction. Occupancy for Onpoint is scheduled for April 1st.
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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