News: Front Section

Cummings Properties general contractor for 63,000 s/f speculative office building

Cummings Properties is developing a speculative office building and serving as the project's general contractor. The total all-in cost of this building will be $2.8 million to completion. It will be a 63,000 s/f office building on its North Rd. campus. The property is owned by the Cummings Foundation, a philanthropic organization. Acknowledging the risk of starting a building without clients, Eric Anderson vice president of leasing explained his firm's rationale and said, "Our complex at 142 North Rd. has been 100% occupied for several years, which supported this site as an ideal business location." According to Anderson, 144 North Rd. is suitable for almost any industry. He pointed out the practicality of the location, mentioning the on-site day care, a Montessori school, and nearby restaurants, hotels, and shops. Situated on Rte. 117, the building will be ready for fall occupancy. According to the in-house architect, chairman Mike Pascavage AIA, the building's design includes continuous horizontal bands of windows which provide natural light and views. Cummings has also incorporated energy conservation measures into this facility. Pascavage pointed out that 144 North Rd. is designed to meet LEED certification.
MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.