News: Spotlights

CresaPartners brokers two leases totaling 7,656 s/f on Congress St.

CresaPartners in Boston recently represented Citisoft and OwnerIQ in office leases totaling 7,656 s/f on Congress St. OwnerIQ, a network of channel-focused websites, has relocated and expanded from 337 Summer St. The company, represented by Mike Bannon and Rick Lowe of CresaPartners, occupies 4,600 s/f at 320 Congress St., a 53,000 s/f office building. Jeff Becker and Bonny Doorakian of NAI Hunneman represented the landlord, Congress Plaza, LLC. Citisoft, a consulting firm, has renewed its lease for 3,056 s/f at 343 Congress St., a 111,500 s/f office building. Mike Bannon and James Topper of CresaPartners represented Citisoft. The landlord, Berkeley Investments, represented itself. CresaPartners, based in Boston, is one of the nation's largest corporate real estate advisory firms specializing in tenant representation and corporate services, including project management. Worldwide, the firm provides services through more than 125 offices in 35 countries, including more than 50 North American CresaPartners locations.
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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