News: Rhode Island

Cregans of Paramount Properties sell 42,625 s/f industrial building $1.65m

Daniel Cregan and John Cregan of Paramount Properties Group, Inc. have sold 100 Founders Dr. in the Lower Highland Industrial Park to Blackstone St. Realty LLC for $1.65 million. Paramount Props. originally offered the property for sale as a 5.65 acre parcel improved with a main building of 35,225 s/f and smaller building of 6,400 s/f for $2.125 million. Once listed the property owners sub divided the property down to a 3.65 acre parcel which contained both buildings totaling 41,625 s/f and a newly created 1.912 acre parcel. Blackstone St. Realty, LLC purchased the 3.65 acres and 41,625 s/f of building space. Paramount Props. was the sole broker with Daniel Cregan representing the property owners, Falcon Realty, Inc. and John Cregan representing the buyers. Blackstone St. Rlty. will relocate from Woonsocket.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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