News: Front Section

Durgin of Conway Commercial handles $19 million sale of Route 3 Industrial Park

Paul Durgin, vice president of Conway Commercial, recently brokered the sale of the Rte. 3 Industrial Park for $19 million. This deal is the largest in the 58-year history of Jack Conway & Company, Inc. The park, located on Finnell Dr., and less than a mile from the Rte. 3 and Rte. 18 interchange, consists of five buildings totaling 250,000 s/f, along with a cell tower on 25 acres. Built, managed, and very well maintained by the Finnell Family for more than 40 years, the park has been consistently close to full occupancy with businesses ranging from high tech, manufacturing, office, warehousing, and distribution centers. Durgin represented the seller, The Finnell Company, LLC and procured the buyer, RPI Capital Management LLC. "We are all very proud of the expertise Paul showed in arranging this historical transaction for the South Shore community and for Jack Conway & Co.," said company CEO Carol Conway Bulman. "It's a testament to Paul's knowledge of the business climate, and the effort he puts in on behalf of his customers." Established in 1956, Conway Commercial serves as the commercial real estate division to Jack Conway, Realtor, the largest independently-owned real estate firm based in Massachusetts. Conway Commercial specializes in office, industrial, retail, land and investment sectors, delivering the personalized and professional service necessary to evaluate your needs and requirements.
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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