News: Spotlights

Cummings Properties renews Middlesex County Superior Courthouse's 139,000 s/f lease at TradeCenter 128

The Commonwealth of Mass. has extended its lease for the Middlesex County Superior Courthouse at TradeCenter 128 for a seven-year term. This renewal comes five years after the court moved from the Edward J. Sullivan Courthouse in Cambridge, which was in need of renovations and has since been slated for redevelopment. Cummings Properties was represented by Ernie Agresti, vice president administration. Cummings Props. custom built the 139,000 s/f space for the court in 2007, during the first phase of construction of the now nearly 700,000 s/f TradeCenter 128 business park. The courthouse features 15 courtrooms, clerks' offices, judges' chambers, the probation department, and the law library, as well as a dedicated sally port and secured, covered parking for judges. Cummings Props. president and CEO Dennis Clarke said, "It has been our pleasure to provide the Court a modern, first-class facility. The on-site amenities, free parking, and highway location, combined with Woburn's centrality within Middlesex County, make this site convenient and appealing for the staff as well as the many other Massachusetts residents who visit the Court." TradeCenter 128 fronts the highway, less than two miles from its intersection with I-93. It is also accessible by public transit, with MBTA bus route 134 delivering passengers directly to the campus from Wellington Station via Medford, Winchester, and Woburn.
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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