News: Spotlights

Jones Lang LaSalle leases 13,600 s/f at One Washington Mall to Delphi Tech.

Delphi Technology, Inc. (DTI), a leading provider of information technology solutions to the risk management and insurance industry, has leased the entire third floor of 13,600 s/f of first class office space at One Washington Mall. A $2 million capital improvements program is well underway at the 156,000 s/f 15-story office building at the corner of State and Congress Sts. Jones Lang LaSalle is the exclusive leasing agent for One Washington Mall representing the building owners Saracen Properties and AEW Capital Management, LP. Larry Garner and Ted Wheatley of The Staubach Company negotiated the lease for the tenant. DTI is relocating from 125 Summer St. The space on the third floor of One Washington Mall will serve as the firm's new headquarters. Occupancy is scheduled for this summer. "We are truly excited about our new corporate home," said DTI chief financial officer Michael Mancinelli. "We conducted a rigorous search of Boston and the surrounding markets, and found One Washington Mall to have an ideal blend of location, amenities and an ownership with vision and a willingness to work with us." The improvements already underway at this mid-rise office building overlooking City Hall Plaza and Faneuil Hall include new entry doors and glazing; a monumental steel and glass canopy and lanterns enhancing the building's identity, plaza level presence, and visibility from State St.; a full renovation of the main lobby with new lighting, tenant directory, wood panel accents on the granite walls, soffited ceiling, concierge station, and guest seating; comprehensive elevator replacement, from mechanical equipment to new cabs and finishes; redesigned interior and exterior building signage and graphics; and a new marketing center on the 11th floor. Completion of the lobby renovation is expected this month. The elevator replacement program will be completed by early 2008. One Washington Mall also features direct access via the MBTA's State St. and Government Center Stations (the Green, Blue and Orange lines). Other tenants include Corwin & Corwin LLP, Business Intelligence Advisors, and the MBTA Retirement Board.
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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