News: Front Section

Hawkins of CBRE New England represents MARIC, Inc. in 23,359 s/f lease to TASC, Inc.

On behalf of MARIC, Inc., a Needham-based owner, manager and developer of real estate in the Greater Boston area, CBRE/New England completed a new lease at New England Business Center. TASC, Inc., a private defense contractor based in Chantilly, VA, will occupy 23,359 s/f at 35 New England Business Center in July 2014. CBRE/NE's Kerry Olson Hawkins, first vice president, represented the landlord. DTZ's Chethan Rao of the Washington, D.C. office represented TASC, Inc. CBRE/NE also represented Blackberry, Inc., whose sublease was terminated in order to accommodate TASC's space requirements. "Situated just 25 miles north of Boston, New England Business Center is a distinctive office park with terrific accessibility and a number of on-site amenities," said CBRE/NE's Hawkins. "We are confident that TASC's operations are well-suited for this environment." New England Business Center is a four-building, 237,000 s/f master-planned office park. The park encompasses 42 acres and features views of the Merrimack River and a natural wooded surrounding. MARIC has owned and managed the park since December 2012. Amenities include an on-site Little Sprouts Daycare, a cafeteria and fitness room with showers and lockers; a full-service Marriott Courtyard Hotel and Wyndham Hotel are adjacent to the office park. The park is situated at the junction of I-93 and River Rd. and is close to I-495 and Rte. 128. New England Business Center offers proximity to southern New Hampshire and convenient access from Boston.
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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