News: Front Section

Farrell of Cummings Properties negotiates 6,000 s/f lease for Meridian

Meridian Associates has leased 6,000 s/f at 500 Cummings Center. Mike Farrell, the Cummings Properties leasing/property manager who managed the negotiations, said, "Cummings Properties and Meridian Associates have a shared dedication to social responsibility. It was our pleasure to accommodate Meridian's requests, ensuring its office has the least possible impact on the environment. Plus, the final product looks great and fits in well with the building's high-end design." Don Bowen, principal at Meridian, cites the quality and value of the office space and the relatively new construction of the building as incentives to relocate from the company's previous location in North Beverly. Meridian opted for several interior design upgrades, including LED light fixtures, low VOC paint, and carpeting with recycled content. According to Bowen, "We designed the space to be not only environmentally friendly, but also human friendly." Cummings Properties has a long history of green business practices including building renovation and reuse; energy-saving design, construction, and property maintenance; utilization of recycled materials and equipment; and reduction of waste through recycling programs. The 500 Cummings Center building was constructed to high efficiency standards and should soon be eligible for Energy Star and/or LEED certification.
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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