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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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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Columns and Thought Leadership
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.