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.
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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