News: Front Section

Hanna and Campbell of Cassidy Turley complete 29,311 s/f lease

Cassidy Turley FHO completed a 29,311s/f lease on behalf of Virgin HealthMiles at 492 Old Connecticut Path. The existing corporate headquarters facility at 139 Newbury St., will be relocated to Framingham Corporate Center and will expand the firm's Bay State footprint to close to 20,000 s/f. The company, which provides employers with programs and technologies that engage employees in healthy behavior change, will accommodate its strong growth at its new headquarters at 492 Old Connecticut Path. Senior managing directors, principals Kevin Hanna and David Campbell of Cassidy Turley FHO represented Virgin. Bob McGuire, senior vice president and partner at CB Richard Ellis/N.E. represented the landlord. "We were pleased to work with a company that is focused on engaging businesses and their employees in improving their health," said Hanna. "With a new Framingham location, Virgin HealthMiles can continue to grow and deliver solutions that meet the needs of health-conscious businesses." "It's been a landmark year for Virgin HealthMiles. We've introduced a range of new products and services that help employers drive greater value from their health and wellness strategies, and we've seen rapid adoption by employers across a variety of industry sectors," said Derek Ransom, chief financial officer of Virgin HealthMiles. "Expanding into our new Framingham office will enable us to continue to deliver market-leading solutions that engage employees at unprecedented rates and help employers measurably address key business challenges."
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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