News: Front Section

Galaxy Development begins construction of a 20,000 s/f shopping center - General contractor is Coastal Construction

Galaxy Development of Auburn, has commenced construction on a new 20,000 s/f shopping center on Worcester Rd. a/k/a Rte. 12, at the site of the former Webster Nursery. The new project sits on five acres of land zoned for retail business, across from the new Price Chopper grocery store, which Galaxy completed in 2013. The building is designed to accommodate five tenants, one of which is a 4,300 s/f Mexican restaurant. Galaxy has continued to work through the winter months with steel being erected in early February. The site has 100 parking spaces and the stores will open early this summer. The general contractor for the project is Coastal Construction of Duxbury. Civil engineering was provided by Patrick Doherty of MidPoint Engineering and Consulting, LLC. Galaxy was represented by Attorney Larry Brodeur of Fletcher Tilton P.C. in Worcester and financing was provided by Webster Five Savings Bank.
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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.
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
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.