News: Front Section

Cummings Center hosts North Shore Alliance for Economic Development

Featuring Mass. speaker of the house Robert DeLeo, the North Shore Alliance for Economic Development held its winter meeting on January 21st, at Cummings Center. Board president Patricia Maguire Meservey, president of Salem State College, welcomed nearly 100 attendees, including many elected officials and representatives of businesses, trade organizations and academic institutions on the North Shore. Seeking to promote Boston's North Shore as a region for business growth and opportunity, the Alliance invited speaker DeLeo to provide comments on the legislative outlook on growing and keeping jobs in Mass. in the face of unprecedented economic challenges. Citing the biggest two-year decline in revenues since World War II, DeLeo confirmed his belief in the future of the state and his plans to bolster the healthcare, education, biotechnology, travel and tourism, manufacturing and creative economy sectors. "I'm so impressed by Cummings Center," he said. Cummings Center was highlighted by mayor William Scanlon for its positive impact on the economic health of the area, with Cummings Properties vice president Steve Drohosky (general manager of Cummings Center) delivering a report on the numerous emerging technology firms making their home at the 2 million s/f office and research park. Marty Farmer spoke on behalf of North Shore InnoVentures and North Shore technology council, non-profit organizations at Cummings Center that promote technology-driven economic growth on the North Shore. Noting that Mass.'s first biotechnology company began in the area and established the city as a national model, Dr. Farmer expressed her appreciation of Cummings Properties' support of early-stage entrepreneurs.
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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