News: Front Section

Kinlin, Siciliano and Majewski of CBRE/New England broker 25,243 s/f lease

On behalf of an affiliate of Intrum Corp., CBRE/New England completed a new lease at 300 First Ave. Interface Operations, LLC will occupy 25,243 s/f at the property immediately. As exclusive leasing agent for the asset, CBRE/NE's Robert Kinlin, Matt Siciliano and Andy Majewski represented the landlord and procured the tenant. "We are excited to accommodate Interface Operations, LLC at 300 First Avenue," said Kinlin, vice president of CBRE/NE's suburban brokerage team. "Interface bought into the vision being created at 300 First Ave. With construction underway, we are starting to see the building's transformation into the premier class A office building in the Newton/Needham submarket." 300 First Ave. is a 80,000 s/f building with Rte. 128/ I-95 frontage. About Intrum Corp. Acquired by an affiliate of Intrum Corp., a Newton-based boutique commercial real estate management and development firm. Intrum's current portfolio includes significant CRE holdings in the Newton, Needham, Wellesley and Natick areas as well as several other surrounding Greater Boston communities. Intrum affiliate entities have acquired, developed by renovation or new construction various office, retail, industrial and R&D properties exceeding a total of over 1,000,000 s/f. Recently, the company has focused on repositioning several office building within the NEBC and Wells Office Park making 300 First an ideal addition to its local office portfolio—those buildings consistently maintain 95% occupancy. Intrum prides itself on its first-class attention to details and it proactive "hands on" approach to management.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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