News: Front Section

Cummings Properties and Lincoln Property Company sign Ninety Nine to 11,000 s/f lease

The familiar horseshoe logo of the Ninety Nine Restaurants chain now adorns 14 Gill St. After 30 years at nearby Olympia Ave., the 60-year-old company relocated its regional headquarters. Ninety Nine, which is currently enjoying a period of growth, now occupies the entire 11,000 s/f Gill St. building, which is managed by Cummings Properties. To meet the restaurant operator's needs, Cummings Properties completed a custom turnkey buildout, transforming a former cleantech space into office space for the new headquarters. John Grady, president of Ninety Nine Restaurants, said, "We are excited to be moving into a new office space that will better serve our needs as we grow the company in the future, and we are happy to know we will be staying in Woburn after being part of the community for more than 30 years." Leasing director Derek Cook of Cummings Properties worked with Rob Cronin of Lincoln Property Company on the transaction. Cook said, "We were delighted to be able to deliver a space that made it attractive for this longtime Woburn company to remain in the community." The new headquarters employs 40 staff members who serve the chain's 105 restaurants throughout New England and upstate New York.
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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