News: Front Section

Horvath and Tremblay of Marcus & Millichap Real Estate Investment Services broker $4.5 million sale

Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services, along with Andrew Bonica and Vin Albanese of Eastern Retail Properties have brokered the transaction of a Savers Retail Center located at 2035 Washington St. The sale was closed at a price of $4.5 million. The property was sold by Merchants Hanover Properties LLC, and purchased by 2035 Washington St. LLC. The building located at 2035 Washington St., in a main retail corridor of the town. Savers, which occupies 20,000 s/f of the building, signed a new 10-year triple net lease. Peter Harris Clothes occupies the remaining 9,476 s/f of the building. Washington St. (Rte. 53), boasts traffic counts of 23,900 vehicles per day. The property is near national retail tenants including Stop & Shop, Burger King, Uno's Chicago Bar and Grill, Sears, Wal-Mart and Bank of America. With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is one of the largest firms specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
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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