News: Northern New England

Litchfield and Keeler of Concord Commercial Real Estate sell 21,000 s/f building; sold by Janvier Holdings, Inc. to NTC Concord Holdings

Brenda Litchfield and Jody Keeler of Concord Commercial Real Estate represented Janvier Holdings, Inc. in the $650,000 sale of 2 ½ Beacon St. to NTC Concord Holdings, LLC, owned by David Ossoff. The 21,000 s/f brick building, recorded in the National Register of Historic Places, was originally built in the 1850s as a part of the state prison complex. It transitioned to use as a car dealership in the 1940s and is now an office building with multiple professional and personal service providers. Attorney's Tim Britain of Cleveland, Waters and Bass, P.A. and Simon Leeming of Preti Flaherty facilitated the transfer. Financing was provided by Don Bennert, Merrimack County Savings Bank. NTC plans for new improvements to the building.
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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