News: Front Section

Costa represents Cummings Properties in 7,500 s/f lease renewal with Concentra Health

With 317 medical centers and 258 workplace clinics in 40 states, Concentra Health Services, Inc., a national health services provider, knows a great location when it has one. Concentra recently renewed its 7,500 s/f lease at 50 Concord St. with Cummings Properties. According to company officials, Concentra, based in Addison, Tex., provides occupational health services to municipalities and workplaces. The company offers pre-employment services, including physical examinations and substance abuse and monitoring services; and injury care services, such as primary injury care, physical therapy, pharmacy services and urgent care. Concentra reportedly looked at other spaces, but decided to stay at its location for the affordable price as well as the stability of the nearly 40-year-old commercial real estate firm they have leased from for the last nine years. Searcy Ferguson of CBRE, a national brokerage firm, represented Concentra in the search for space and lease negotiations, while Steve Costa, a leasing/property manager, represented Cummings Properties. Costa pointed out that there are numerous medical facilities in the 4-building complex at 50 Concord St. including a branch of the Lahey Clinic. Costa also noted that the location, directly off I-93 near the Shriner's Auditorium, is 15 miles north of Boston. Numerous restaurants and retail stores are located within minutes of the building just over the North Reading line.
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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