News: Retail

Joyce B. O'Connor Real Estate sells Heritage Mall for $3.7 million

Joyce B. O'Connor Real Estate Inc. has sold Heritage Mall for $3.7 million to David DeLollis. The one-story, 31,200 s/f strip center includes a 2,915 s/f bank located on a pad site. The strip center is located on 6 acres with 230 parking spaces. Heritage Mall is located on Southbridge St. across from the Holiday Inn Express. The property has 13 retail/office units. Joyce B. O'Connor Real Estate was founded 38 years ago and provides traditional brokerage service to its clients throughout greater central Mass. In addition to commercial brokerage business, they offer customized service for site selection which includes market research, assemblages, negotiations, customized contracts and other site specific research. They continually challenge themselves to redefine their goals and improve their ability to respond to their client's needs. They provide the highest quality service in the sale and leasing of commercial and industrial real estate. Let their proven reputation for professionalism and integrity serve your needs.
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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