News: Northern New England

Dickson of Stebbins sells 10,350 s/f industrial building for $725,000

According to Tom Dickson, commercial real estate agent for Stebbins Commercial Properties, Inc., S.E.D. LLC of Manchester has purchased 10,350 s/f industrial space at 31 Auburn St. The property will be used as a martial art studio once renovations are completed. Dickson represented the landlord, Ronald Myslivy of Goffstown, N.H. The Registry of Deeds showed the sale price was $725,000. In another transaction, Mike Reed, president of Stebbins, completed a three-year lease of Unit #6 at 915 Holt Ave. in Manchester. Northeast Evaluation Specialists will be the new tenant. The total space leased was 2,400 s/f. Northeast Specialists will use the space for workers compensation evaluations, rehabilitation and training. Reed represented the landlord, FMW Realty Company LLC of Newton Upper Falls, Mass.
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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