News: Northern New England

Gori of Coldwell Banker Residential to head-up sales of The Sea Point condos

Representatives of Lewis Farm, LLC, developers of the project, Pine Brook Builders, and Coldwell Banker Residential Brokerage, the marketing firm for Lewis Farm Conservancy community, held a special groundbreaking ceremony for The Sea Point series of condominium homes. Presently, the Lewis Farm Conservancy contains 40 individual home-sites accommodating both single family and condominium homes. Lewis Farm Conservancy is an environmentally responsible, planned community offering homeowners their own private space within a 135 acre site. The homes are surrounded by 90 acres of conservation land. Phase I of the condominium construction is underway in the Dahlia Dr. neighborhood. Each of the seven lots off Dahlia Dr. will contain two condominium homes. These three-level, two and three bedroom cape style homes are being offered with 1,650 s/f of living space. The homes offer expansion capabilities above the two-car garage or in the full walkout garden level. Additional features include first floor master bedroom suite, hardwood floors, granite countertops, cathedral ceilings, skylights, corner gas fireplace, deck, laundry room, and loft/office. Construction is scheduled for completion next month. Lewis Farm Conservancy is one of the first green communities in York County. The building team is involved with the LEED for Homes pilot program promoting Green Building Council efforts and Energy Star solutions. LEED for Homes is a voluntary rating system that promotes the design and construction of high performance green homes. Benefits of a LEED home include lower energy and water bills; reduced greenhouse gas emissions; and less exposure to mold, mildew and other indoor toxins. The Coldwell Banker office in Portsmouth, N.H. was selected by Lewis Farm, LLC to exclusively market the community. Jeremy Gori has been named director of sales and will lead the sales team.
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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