News: Owners Developers & Managers

Light distributor bulbs.com moves to new headquarters in Worcester, Mass.

bulbs.com, considered among the fastest growing lighting distributors in the U.S., has moved its headquarters to a larger, more efficient space located in the Stafford Commerce Center in. The buildings that were formerly occupied by the Parker Metal Corp. include an expansive one-story distribution center and offices that will combine to support the rapidly growing needs of the company's order processing operation as well as their commercial and residential customer support teams. bulbs.com is the largest tenant in the 205,000 s/f facility. "Without a doubt the most significant benefit to making this move will be the improvement in warehouse efficiency," said vice president of operations Wendy Rose. "Making the move from a multi-level warehouse to a modern single story high-bay distribution center enables our logistics team to receive, store and ship inventory more effectively than ever. Further, our employees have really embraced their new surroundings beginning with their Herculean effort in moving the contents of the office and warehouse to the new facility over the past weekend," said Rose.
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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