News: Front Section

Faye of Capital Commercial Real Estate handles $1.015 million sale for MSA Realty

Capital Commercial Real Estate, LLC recently brokered the sale of an 11,300 s/f industrial warehouse at 77 Messina Dr., for $1.015 million. Ellen Faye of Capital Commercial represented the seller, MSA Realty, LLC, and procured the buyer Rainbow Supplies, Inc. Financing was provided by South Shore Savings Bank. According to the new owner, this location will serve as the new corporate office, showroom, training and distribution center for Rainbow's automotive, industrial and marine paint and supply business. Rainbow Supplies, Inc. is family owned and operated and serves commercial customers such as Herb Chambers Collision Center, Quirk Auto Dealerships, Clay Auto Dealerships, Central Auto Group, Today's Collision Centers, and Schlager Auto Body, as well as auto body shops throughout all of Eastern Mass. and Cape Cod. Faye said that there was competitive interest in this location due to its proximity and access to Rte. 128 and the metropolitan Boston area. Faye said, "It made logical sense for Rainbow Supplies, Inc. to be the successful purchaser of this property due to their ties to Braintree and the South Shore. They are a first-class operation with a solid business plan, and growth strategy. The building is a perfect match." Capital Commercial Real Estate, LLC is a full-service commercial real estate firm providing business owners and investors with leasing and sales brokerage and advisory services throughout Boston and the South Shore. For more information on Capital Commercial Real Estate visit www.capitalcommercialre.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