News: Northern New England

Luke of Westbrook joins MEREDA board of directors

Keith Luke has been elected to the The Maine Real Estate & Development Association (MEREDA) board of directors. Luke is the director of economic and community development for the city of Westbrook. He held similar positions in the communities of Windham and Topsham prior to taking the Westbrook post in the summer of 2008. Luke has been a member of both MEREDA and the International Council of Shopping Centers since 2003 and has served on the MEREDA programming committee for several years. Prior to his municipal work he spent a decade working in international trade development for the Maine International Trade Center. He maintains an active interest in the marine industry through active involvement in his family's business Paul Luke, Inc. in East Boothbay. Shelly Clark, business & operations manager of MEREDA said, "Keith will be a great addition to the MEREDA board. He has been an invaluable resource at the committee level, and we look forward to his participation now at the board level".
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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