News: Spotlights

July

Davis Marcus Partners $75m 218,222 s/f Wilton Corporate Park is ready for occupancy; Albert Ashforth exclusive agent NAI Hunneman's Ross, Tito and Barroso negotiate $4.5 million sale of 48 apartments to Acton Coach Estates Connolly & Partners named developer of $60 million Court Square, Springfield, into retail, restaurant, hotel and residential Jonathan Rose Co. breaks ground for $20m Metro Green Apts., Stamford; joint venture with W&M Properties for 238 units North Branch completes Burnham Soccer Field facility, 5,000 s/f, at Dartmouth College; Freeman French Freeman designs $2.6 million site Sidel and Sheehan of EagleBridge Capital arrange $2 million for 21,830 s/f Springfield (Vt.) Shopping Center CBRE/The Boulos Co. sells 32,000 s/f Portland Public Market for $1.9m; O'Connor of NAI Dunham Group cobroker for Atlantic National McKinley, Kelleher and Matt of Kelleher & Sadowsky complete $2.94 million sale of 49,000 s/f bldg. for Compass Financial Denton of NAI Hunneman brokers $4.425 million sale of 122,335 s/f offices for The Hamilton Co. to Inex Properties, Manchester, N.H. Fantini & Gorga arranges $59.7 million financing for 139 apts. in Boston for John Corcoran Co., and The Brennan Group Holliday Fenoglio Fowler represents Baywater Props. in $10.5 million financing of mixed use at 1020 Post Rd. in Darien, Conn. Speigel of N.E. Moves Mortgage arranges $8m for Front Street Holdings, Manchester, N.H., to convert Amoskeag Inn to Clarion Goedecke & Co. provides $25.75 million construction loan for 115,700 s/f Rivers Edge offices, Medford, with Wells Fargo Bank Berkeley Investments secures $56m construction and historic financing for 400,000 s/f Waltham Watch factory in Waltham Chozick Realty completes $18.225 million sale of 10 bldg., 140 unit Williamsburg Apts., Windsor, Conn., to Windsor Castle, LLC Cassum of HFF places $85 million for Chiofaro Co./Prudential R.E. Investors 1,380 space, 30,000 s/f retail Boston Harbor Garage Witten and Nolletti of Marcus & Millichap sell Waterford Commons, 303 units in Manchester, Conn., for $42.775 million. The Abbey Group tops off 45 Province St., Boston, $200m 138 unit condo tower; Suffolk is general contractor, Bruner-Cott is architect Pro Con completes $16.7 million offices at Braintree Hill Office Park for The Flatley Co.; Cramer Levine design for 160,000 s/f bldg. Varholak & Friedman of RBJ and C&W cobroker 45,141 s/f re-lease for Intercontinental R.E. Inv. to Imagitas in Waltham Fairfield County's new center, 1.2 million s/f mixed use in Norwalk, developed by Spinnaker R.E. Partners and Greenfield Partners Dickinson Development sells 87,200 s/f Billerica offices to 159 Tangeway Rd., Billerica for $6 million; CBRE's Lemire broker Brown of Campanelli Cos. negotiates 95,000 s/f re-lease for AMB Property Corp. in Watertown to Verizon with Wright, Perlman of CBRE Groblewski of Fantini & Gorga assists in $11.1 million sale of Walgreens Plaza, Danvers, 21,487 s/f, to ICA Realty Equibase capital provides $6.85 million mezzanine loan to Feldco Dev. affiliate for Gateway at Scarborough (ME) anchored by Cabela's Shair of M&J Assoc. reps Salvation Army in $2m purchase of 30,000 s/f on 3 acres on Westgate Dr. near Westgate Mall Simon Property Group seeks approval for 744,000 s/f retail/residential expansion at Copley Place Tower, Boston Lewis of National Commercial leases 32,000 s/f at Bay State Commons, Westborough, Mass. to Boston Sports Club
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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