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Delaney, Subber, McDonough and Orpik of Cresa Boston arrange 17,500 s/f office relocation

Paul Delaney, Adam Subber, Shawn McDonough, and Andrew Orpik of Cresa Boston recently represented the Massachusetts Eye Research and Surgery Institution (MERSI) in a 17,500 s/f office relocation of its headquarters to 1440 Main St., a three-story, 67,000 s/f building. Currently occupying 13,000 s/f at 5 Cambridge Center in Cambridge, MERSI needed to expand its operations and upgrade to a larger space. In June, the company plans to occupy a portion of the second floor of the two-building Main Street Corporate Center office complex. "MERSI has been well served by its original home at 5 Cambridge. However, as this world renowned institution continues to grow, it made sense for us to seriously consider alternatives along Rte. 128. Main Street Corporate Center offers MERSI's employees and patients convenient access is a suburban office setting combined with the unique synergies of other tenants within the park. We look forward to seeing their new facility, as they continue to deliver world class care," said Scott Evans, chief operating officer at MERSI. The landlord, Crosspoint Associates, was represented by Transwestern | RBJ. Cresa LLC, one of the nation's largest corporate real estate advisory firms exclusively representing tenants, is headquartered in Boston. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: transaction management, project management, strategic planning, corporate solutions, site selection, lease administration, capital markets, mission critical solutions, relocation management, and facilities management.
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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