News: Northern New England

Fucci Association to sell 43 comm'l. condo units at Rivermill Commercial Ctr.

Christopher Fucci, president of Chris Fucci Associates, has made available 43 commercial condominium suites at the 120,000 s/f Rivermill Commercial Center on Mechanic St. This property has undergone $2-4 million in capital improvement under the ownership of Charles Johnson and Jon Jernigan of California who purchased the property in Sept. 2005 for $6 million. Upgrades include new roofing, new HVAC systems, improved landscaping, additional parking, exterior/interior painting, new flooring, replacement windows, utilities separation, redesigned roadways and parking lot, improved drainage and other site work and numerous structural repairs. Current tenants include Red River Computer, Dartmouth Hitchcock, Irving Oil, and the State of New Hampshire. The Rivermill is near the Dartmouth Hitchcock Medical Center and I-89.
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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