News: Spotlights

December

Suffolk Construction awarded $29 million renovation project at Suffolk University; CBT/Childs Bertman Tseckares redesigner Harrington, Tamposi and Dieker of CBRE sell 16,040 s/f Merrimack, N.H. office/warehouse for $1.29 million Riccio and Kubas of CBRE Capital Markets arrange $7 million loan for DeMattia Companies' 221,213 s/f Windsor, Conn. industrial bldg. BOMA Boston presents Earth TOBY award to One Boston Place & Leadership award to James Karman of Jones Lang LaSalle Perkins Eastman designs Housatonic Community College's 174,500 s/f Beacon Hall expansion in Bridgeport, Conn. Northstar Properties nears completion of revitalization for 177,000 s/f Stateline Plaza in Plaistow, N.H.; Harriman redesigner Fleisher of Shanley Realtors sells Kline's Furniture Building in Portsmouth, N.H., 36,000 s/f, for $3 million Taranto of Intercontinental R.E. brokers 330,753 s/f $46.5 million sale in Peabody; Cushman & Wakefield reps buyer Spiegel of New England Moves Mortgage arranges $10 million financing for 82,300 s/f Granite Shopping Center in Westerly, R.I. New Dover Assoc. brokers $1.775 million sale of 33,504 s/f warehouse in Sudbury, Mass. to Gold Brick Development Burt Hill designs 22 story Tower at Carnegie Abbey for O'Neill Props. Group in Portsmouth, R.I.; Bovis Lend Lease, Alexandra GCs The Grossman Cos. completes 15,000 s/f Marketplace on Morrissey Blvd.; Posternak Blankstein & Lund, Foley Hoag attorneys Fantini and O'Donnell of Fantini & Gorga arrange $29.7 million mortgage for 240 unit apartments in Pembroke, Mass. Fish of Ashworth Mortgage Corp. places $6.3 million loan for 174,279 s/f Green Mountain Mall in St. Johnsbury, VT. Cushman & Wakefield's Griffin, Maher and Loeber broker $31.75 million sale of 166,458 s/f offices for Central Plaza/Wells Avenue LLC Marcone Capital arranges $9.55 million financing for 395 Lynnway's 47,662 s/f three building Harbor Place retail center. Ranieri of NorthMarq Capital places $26 million mortgages for 444 apartments to Midcom Ptrs. in Westchester, N.Y. and Conn. area JRT Realty, Cushman & Wakefield negotiate 106,000 s/f lease in Wilton, Conn. for TIAA-CREF to Deloitte, LLP Suffolk Construction and Becker+Becker break ground for $180 million residential, retail and garage, 700,000 s/f, in New Haven Lee Kennedy Co. completes Mass. Affordable Housing Alliance's $3m 9,500 s/f Sheridan Homeownership Bldg. In Dorchester, Mass. Main Street Architects designs Staples' first LEED certified building, 21,600 s/f, in Roslindale, Mass.; Cranshaw is general contractor Gilke & McCarthy of NAI Hunneman sole brokers in $3.9 million sale of 58,800 s/f office/ind. site for Amerifit Pharma in Woburn, Mass. Carucci of ERA Boston brokers $3.7 million sale of 17,900 s/f brick apartment building for 457 Centre Street Realty Trust Chozick Realty's Boyle and Perkoski completes $3.85 million sale of 44 apts. in Ashford, Conn. for Birch Hill Investments Stonemar Props. and Hampshire R.E. purchase 181,000 s/f Milford (Conn.) Plaza anchored by Shop-Rite for $30 million Looney of Sperry Van Ness handles $1.845 million sale of 14,078 s/f Twin Bridge Plaza, Merrimack, N.H. for Chesapeake Development The Grossman Companies completes 15,000 s/f Marketplace on Morrissey; Khalsa Design & Pinnacle Partners were architects Spiegel of New England Moves Mortgage arranges $10m financing for Granite Shopping Center and The Atrium in Westerley, R.I.
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Columns and Thought Leadership
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