News: Front Section
Posted: June 24, 2022
Low of L&P Commercial handles 50,000 s/f warehouse lease and 18,000 s/f building sale
Palmer, MA William Low of L&P Commercial has leased 50,000 s/f of warehouse space at 21A Wilbraham St. to Sherwood Lumber. Low represented the landlord, Iberia Foods (a division of Brooklyn Bottling Company) and procured the tenant. 21A Wilbraham St. is a 140,000 s/f warehouse in the Maple Tree Industrial Park.
Low has also sold the Herzenberg Kitchen building at One South End Bridge Circle in Agawam, Mass. The property, an 18,000 s/f multi-tenant office and retail property, was built by Herzenberg in 1968. Kitchens by Herzenberg, a high end kitchen design company, will remain as a tenant. Low represented the seller, Herzenberg Realty.
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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