News: Front Section

Conrad, McEvoy and McCourt of The Conrad Group broker $5.675 million in sales

The Conrad Group has negotiated the sale of two properties in Libbey Park. One property is 200 Libbey Parkway which consists of a 60,000 s/f industrial building situated on 4 acres of land. The other property is the 26,000 s/f Planet Fitness building located at the corner of Libbey Parkway at 944 Middle St. The new owner, Foxrock Properties does not plan any changes to the properties but rather wanted to add to its existing portfolio of Libbey Park buildings which already includes 90 and 97 Libbey Parkway. Bob Conrad of The Conrad Group represented the buyer in both transactions while Jim McEvoy, senior vice president of The Conrad Group and Paul McCourt, senior vice president of The Conrad Group represented the two sellers, respectively. According to the Norfolk Registry of Deeds, the sales prices amounted to $5.675 million.
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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