News: Owners Developers & Managers

Cornerstone Property Management moves to new 2,000 s/f location

Cornerstone Property Management celebrated its one month anniversary in its new home. The company moved on Brook Ave. in the South End to its new location at 1502 Purchase St. Owner John Egan said the 2,000 s/f leased office is twice the size of the company's former offices. Cornerstone manages commercial buildings and hundreds of apartments. Egan said the new location in downtown is easier to reach. The new location also provides a storage space and loading dock. Egan has also set aside an area to house the Greater New Bedford Landlord Association, of which he is president. "It's just a good move to be able to better service the landlord and the tenants," Egan said. "It's more convenient for everybody involved, including me." Egan had been at his former location since 1986 but he said he's not upset about leaving.
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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