News: Northern New England

Dieker and Tamposi of CB Richard Ellis Manchester lease 5,600 s/f

CB Richard Ellis has leased 5,600 s/f to Kris-Way Truck Leasing, Inc. at 51 Faltin Dr. Mike Tamposi of CB Richard Ellis' Manchester office represented the landlord and Roger Dieker, also of CB Richard Ellis' Manchester office, procured the tenant. Kris-Way opened this facility, its second in New Hampshire, to fulfill a need for trucking in the Manchester area. Kris-Way began working with Dieker in 2008 to identify a site for the new facility. Finding the right facility was a challenge because the requirement called for garage space and on-site fuel. The 11,200 s/f truck service facility features 1,500 s/f of customer service/office space, excellent lighting, ten oversized drive-thru doors, a parts storage mezzanine, on-site fuel storage/dispensing station and a drive-thru truck wash bay. The building has lighted access to Willow St. and 135 parking spaces.
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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