News: Front Section

Franklin County opens temporary courthouse at 101 Munson Street, Greenfield

After nine months of construction, the temporary Franklin County Courthouse opened on February 17. This project required a wholesale conversion of the existing office space into specialized courthouse operations. Development Associates of Agawam, leased the 57,000 s/f space located at 101 Munson St. to the Commonwealth of Massachusetts. The lease is for a 5 year term while the $60 million renovation of the Main St. courthouse is underway. The property is owned by Greenfield Corporate Center LLC, who purchased it from Phoenix Home Life in 2001. Development Associates, a local company who has been developing commercial and industrial property throughout the Pioneer Valley for over 50 years, was responsible for the multi-million dollar construction project. The new courthouse facility is home to the Superior, District and Probate Courts. It also houses the Registry of Probate, District Attorney's office and Law Library. The new facility includes many improvements over the existing downtown courthouse for public safety including security, closed circuit video cameras and card-controlled access doors. 101 Munson St., the former Phoenix office building, is located just off of I-91. It was built in the 1970's and has since been modernized to fit the needs of various tenants. The building is home to businesses including the Department of Transitional Assistance, Department of Children and Families, Veteran's Administration, Crocker Communications and others.
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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.
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.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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