News: Front Section

Grubb & Ellis reps DiGiorgio Associates in 12,573 s/f lease renewal at 225 Friend St., from KS Partners

Grubb & Ellis Company recently represented DiGiorgio Associates Inc. in the lease renewal of 12,573 s/f of class A office space at 225 Friend St., from KS Partners. Karyn McFarland, senior vice president, and Matthew Twombly, associate, both of Grubb & Ellis' Office Group, facilitated the transaction on behalf of DiGiorgio Associates. "With its strong ownership, high image and convenient location near commuter rail and MBTA stations, DAI's current offices were the best option for both employees and clients," said McFarland. DiGiorgio has been located at 225 Friend Street since 1992 and has been a tenant in the Bulfinch Triangle District for more than 23 years. About DiGiorgio Associates Inc. DiGiorgio Associates Inc. (DAI) is a group of dedicated individuals specializing in the provision of healthcare planning, architectural, engineering, and construction management services to the acute care, ambulatory care, sub-acute and senior living sectors. We offer our clients a single source for quality integrated facility services. Since DAI's founding in 1984, our company's goal has been to create a working environment that affords our staff members room to grow and learn. With the addition of a construction affiliate, Monitor Builders Inc. (MBI) in 1988, we are able to offer up front budgeting and scheduling. DAI has set itself apart from other firms by offering our clients a broader range of services by adding in-house engineering in 2002. Our corporate headquarters is located in Boston, Massachusetts, with a satellite office in Farmingdale, Maine. DAI and MBI's most recent projects include a 100,000 square foot hospital in Laconia, NH, which is currently under construction, as well as having completed an Urgent Care Center located in Brockton, MA, in June 2010. About Grubb & Ellis Company Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.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