News: Front Section

Davis Marcus Partners leases 270,000 s/f to National Grid at Reservoir Woods

According to Davis Marcus Partners, an agreement with National Grid whereby they will occupy 270,000 s/f in a building to be constructed on the East Campus at Reservoir Woods. The agreement is for a 20 year lease in the 312,000 s/f, three-story Class A building designed by ADD, Inc. The property will be the first multi-tenant, LEED Gold building to be constructed in the Boston metropolitan area. Reservoir Woods East is a 54-acre office/research and development property purchased by Davis Marcus in partnership with Prudential Real Estate Investors. Located off Winter St., east of East Campus will be a magnificently landscaped site abutting the Cambridge Reservoir and including walkways, bike trails, a pond and views of the Hobbs Brook wetlands. "National Grid was looking for an environmentally sensitive new class of building that offered flexibility, energy efficiency and a full amenity package to attract and retain valued employees in an accessible, attractive location," said Paul Marcus, president, Davis Marcus. Together, Reservoir Woods East and West comprise a 120-acre wooded campus located in Waltham between the Mass. Turnpike and Rte. 2 at exit 27 off Rte. 128/US I95. The east and west campuses at Reservoir Woods are surrounded by the corporate headquarters for Raytheon Corp., the Mass. Medical Society, and the North American Discovery Center for Astra Pharmaceuticals. Reservoir Woods' tenants include: Perkin Elmer, Inc., Verizon Laboratories, Battery Ventures and Fresenius Medical Care.
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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