News: Northern New England

Dieker and Tamposi of CB Richard Ellis sell 29,355 s/f office building - $3 million

CB Richard Ellis facilitated the sale of 6 Manor Pkwy., a 29,355 s/f office building for $3 million. The CBRE team of Roger Dieker, managing broker of the CBRE Manchester office, and Mike Tamposi, associate, represented the seller, Standex International Corp., and procured buyer 6 Manor Parkway LLC, a commercial property investment firm. "6 Manor Parkway benefits from an excellent location at exit 2 on I-93, which is currently being widened," said Dieker. "The increased accessibility of Southern New Hampshire due to the widening of I-93 will only enhance the desirability of the office properties in this region." 6 Manor Pkwy. is situated on 5 acres adjacent to I-93. Built in 1987, the single-story office building features an interior courtyard and parking for over 80 vehicles. The property is located off of Pelham Rd., near Rockingham Park and the I-93/Rte. 213 interchange.
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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