News: Front Section

Development Associates signs New England Mechanical Services to 9,435 s/f

Palmer, MA Development Associates brokers a new lease with New England Mechanical Services (NEMS). In January, NEMS expanded its leased space from 4,150 s/f to 9,435 s/f at their Third St. location. NEMS offers single-source facilities services solutions including engineering, design, HVAC, energy, mechanical and electrical construction services and repair and maintenance for commercial real estate, financial, healthcare, technology, educational and industrial facilities.

Development Associates is a local, family owned business with an extensive reach into the regional real estate market. They bring over 50 years of development, construction and brokerage experience to their clients. The principals of Development Associates have been involved in the construction and development of a wide range of commercial and industrial real estate since 1955. Due to their long successful history, they have experience in providing customer solutions across all types of projects: automotive, medical, high tech, office, banks, hotels, child care, post office, manufacturing, distribution, educational, call center, and more. Properties that they’ve developed and manage range from a 1,200 s/f U.S. Post Office, to a 75,000 s/f high tech campus, to a 30,000 s/f medical office building, to a 190,000 s/f office complex.

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Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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.
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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