News: Front Section

Kent, Lynch and Fabiano of JLL lease 50,000 s/f for Morris & Morse

According to Morris & Morse Company, Inc. and JLL, Robert Allen Group, Inc., Red Oak Sourcing, Toshiba Business Solutions, and Fieldstone Financial Management Group have signed long-term leases totaling 50,000 s/f at 2 Hampshire St. Robert Allen leased 21,000 s/f, Red Oak Sourcing leased 21,000 s/f, Toshiba has leased 4,000 s/f, and Fieldstone Financial secured 4,000 s/f. JLL executive vice president Tom Kent, senior vice president Sean Lynch, and associate Joe Fabiano served as brokers representing Morris & Morse. Colliers International vice president Stephen Woelfel represented Robert Allen, Savills Studley senior vice president and branch manager Mark Stewart negotiated on behalf of Red Oak Sourcing, NAI Hunneman executive vice president/principal Catherine Minnerly represented Toshiba, and Fieldstone Financial was represented by JLL. 2 Hampshire is a premiere 115,000 s/f first class office building at the intersection of I-95 and I-495 in Cabot Business Park. Constructed in 2001, the contemporary, high profile three-story property features a distinctive glass lobby, and efficient floor plates with an abundance of natural light. The maturely landscaped building is surrounded by woodlands that provide a natural buffer to I-95. "These quality companies anchor the property's strong position in the important fields of design and engineering, consumer products, business technology, and financial services," said Garlan Morse, Jr. managing partner of Morris & Morse Co., Inc. "We are delighted to welcome them to 2 Hampshire St." According to Chuck Cioffi, CFO of Robert Allen Group, "We chose 2 Hampshire because it allows us to attract and retain top talent, with its direct access to I-95 and first class image. It is a beautiful, well maintained building that is in keeping with our high standards of design and aesthetics. Bob Hallissy, president of Toshiba New England, said, "This location provides us a beautiful up-to-date facility that not only allows us to serve our local clients, but also to highlight Toshiba technology." Kristofor Behn, CEO of Fieldstone Financial, said, "We selected 2 Hampshire St. for our national headquarters because in addition to being conveniently located, it is by far the nicest office environment in the area."
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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