News: Rhode Island

E.L. Props. buys 5,000 s/f flex/ind'l. in Dry Bridge Commerce Park

E.L. Properties LLC purchased a 5,000 s/f flex/light industrial unit at 376 Dry Bridge Rd., building D1 in the Dry Bridge Commerce Park for $545,000. The new light industrial park is set on 9 1/2 acres and will feature ten 7,500 s/f steel buildings with options for larger custom accommodations. "We take pride in designing buildings that maximize efficient use of space and are well built, energy efficient, functional, and above all, affordable." said Dennis Curci, developer of Dry Bridge Commerce Park. Each new building offers many standard features such as 12' x 14' overhead high lift doors w/openers, 20' clear span ceilings, loading dock, loading doors, three phase, fiber optics, and a standard office. Two new buildings are currently under construction. John Kupa Jr., Esquire represented the seller and John Pagliarini, Esquire represented the tenant.
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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