News: Financial Digest
Posted: September 12, 2007
J.M. Feeney arranged financing of $3.8m for the Heritage Building
John Feeney, principal of J.M. Feeney & Associates, has arranged permanent financing in the amount of $3.8 million for The Heritage Building, 1495 Hancock St. The Heritage Building is a four-story steel and masonry multi-tenant retail and office building. Originally constructed in 1920, the building was completely renovated in the early 1980s. Formerly the headquarters of The Bank of New England, the building is fully sprinklered and has two elevators. The gross building area is 41,990 s/f. The building's primary architectural features are its concrete aggregate facade which rises from a polished black marble base and its reflective plate glass along the front and rear of the property. The first floor is occupied by Alba Restaurant, a restaurant that opened in 2002.
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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
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
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 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