News: Owners Developers & Managers

ING Clarion grants CBRE/N.E. management contract for 1m s/f

CB Richard Ellis/New England has been awarded the management of more than 1 million s/f of ING Clarion properties in the Greater Boston market. The portfolio spans six states in addition to Massachusetts with properties located in Washington/Baltimore, Atlanta, Denver, San Francisco, Los Angeles, Connecticut and South Florida. CBRE will be managing the day-to-day operations of the properties on a third-party basis. In Greater Boston, the properties include: 101 Arch St., Boston; 200 Newport Ave., Quincy; 880 and 890 Winter St., Waltham and 100 Staples Dr., Framingham. The former ING Clarion on-site property management teams have been retained by CBRE/NE. The CBRE/NE asset team will manage the portfolio. Ken Kern will oversee the on-site team at the Boston property, Greg Kennedy will oversee the on-site team at the suburban properties, and Zeke Sawayer will oversee the engineering for the properties locally. "We are pleased to be representing ING Clarion in the Greater Boston market with these impressive properties," according to Mark Tassinari, executive vice president and partner, CBRE/NE. "Our asset services team looks forward to the challenge of driving and enhancing these asset values in the market." CBRE's Asset Services group delivers a wide range of services designed to enhance operational efficiency, increase occupancy and improve net operating income for the company's institutional investor clients.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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