News: Front Section

Elcock and Demakes of Colliers Meredith & Grew execute 31,140 s/f lease in Waltham

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, a leading law firm for entrepreneurs, emerging growth companies and venture capitalists, has executed a new 31,140 s/f lease to relocate its New England headquarters from 610 Lincoln St. to 850 Winter St. The move will occur in January 2010. Colliers Meredith & Grew's James Elcock and Elias Demakes represented Gunderson Dettmer in the transaction. Andrew Majewski of CB Richard Ellis New England represented the landlord, Davis Marcus Partners. Specifics of the lease transaction were not disclosed. "It is an ideal move for Gunderson Dettmer," said Elcock. "The firm will relocate to the newest building in the marketplace with on-site amenities such as food service, fitness, underground parking and immediate adjacency to Health Point gym while simultaneously enjoying the benefits of a campus setting." Built in 2008, 850 Winter St. is a LEED-certified, three-story, 180,000 s/f class A office and research building located in the prestigious Reservoir Woods office park. Earlier this year, Alkermes, Inc. unveiled plans to relocate its 115,000 s/f corporate headquarters to 850 Winter St. from 88 Sidney St. in Cambridge in early 2010. Alkermes, Inc. was represented by Colliers Meredith & Grew's Joseph Flaherty in the transaction. Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 290 offices in 61 countries. For more information about Colliers Meredith & Grew, visit www.colliersmg.com .
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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