News: Front Section
Posted: December 20, 2013
Long of Southpoint Group brokers $385,000 sale of a 1,650 s/f medical condominium
Tom Long, senior vice president of the Southpoint Group represented the seller, Dr. Michael Doyle d/b/a Kematt Industries Inc., and sold unit 2C, a 1,650 s/f medical condominium at 148 East Ave. for $385,000. The purchaser was represented by John Zervos of DVB Real Estate. Long specializes in medical, dental offices throughout Fairfield County. He has leased and sold multiple units in 148 East Ave.
In addition Southpoint leased out 1,200 s/f at 12 Fitch St. to SaSobek's World of Reptiles for a five year term. They recently relocated from Pennsylvania. Read Auerbach, senior vice president and David Flayhan president, both of Southpoint represented the landlord, 12 Fitch Street LLC. Fred Ryon of Sabre Realty Group represented the tenant.
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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
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
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 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