News: Front Section

Elcock, Goodhue and Barry of Meredith & Grew complete $3.2m sale for Eastport

Meredith & Grew has brokered the sale of 122 Quincy Shore Dr. for $3.2 million to Lee Kennedy Co., Inc. Executive vice president James Elcock and associates David Goodhue and Katharine Barry of Meredith & Grew represented the seller Eastport Real Estate Services. Owner Dana Narlee of Pearson Associates represented the buyer Lee Kennedy Co., Inc. The building will be used as Lee Kennedy's corporate headquarters. Built in 1984 and renovated in 1996, 122 Quincy Shore Dr. is a two-story, 21,000 s/f office building located eight miles south of downtown Boston. It is close to the North Quincy Red Line T Station, one mile from Rte. 93 and five minutes from Rte. 3.  "We applied value added fundamental property management practices to increase the value well in excess of our original expectations. We were very pleased that Meredith & Grew and Pearson Associates handled the transaction in such an efficient manner." said Michael Price, president of Eastport Real Estate Services.
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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