News: Northern New England

Harrington of Harrington & Reeves leases 4,250 s/f to Securitas Security Services

Harrington & Reeves leased 4,250 s/f of class A office space to Securitas Security Services, USA, Inc. Securitas retained Michael Harrington of Harrington & Reeves to represent their interests in the transaction. Harrington dealt directly with the owner, 1100 Elm Street, LLC. 1100 Elm St. is a 50,000 s/f class A multi-tenant office building located within Manchester, NH's CBD. Harrington & Reeves is a commercial real estate firm with offices in Bedford. The firm was founded by partners Deane Navaroli and Harrington to specialize in tenant and buyer commercial representation. Securitas Security Services, USA, Inc. is an international security services company with offices on multiple continents and over 300 locations in the U.S. Securitas is the successor to Pinkerton's, Burns, and other security firms, and traces its roots back 150 years in U.S. history. Securitas is a world leader in security staffing, mobile patrols and electronic security protection. "We were very pleased with the services of Mike Harrington of Harrington & Reeves in this lease," Alan Moore, leasing manager at Securitas said. "Mike gave us all of our options in the marketplace and was responsive every step of the way over the months of back and forth that it took to finalize this transaction. We're very glad that we chose Mike to represent us and we're grateful for his advice and counsel."
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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