News: Front Section

Lustgarten joins Cannon Design as senior associate

Cannon Design has hired Erik Karl Lustgarten, AIA. Lustgarten joins Cannon Design as a senior associate, returning after having worked at the firm for more than six years. Lustgarten's experience ranges from designing highly technical medical and research spaces in existing buildings to leading a team of 18 architects in producing construction documents for a 26-story, high-rise student residence at Boston University. Lustgarten's affiliations include the National Council of Architectural Registration Boards (NCARB) and the American Institute of Architects. He is professionally licensed within the state of Mass. Lustgarten holds a B.A. in Architecture from Roger Williams University. During the past 11 years, Lustgarten has used his exceptional organizational skills and disciplined work planning process to build teams that deliver complex projects within allocated budgets and timeframes. Lustgarten's portfolio of work includes the Striar Jewish Community Center, Stoughton, Massachusetts; Portsmouth Regional Hospital, Portsmouth, New Hampshire; Strafford Health Alliance, Somersworth, New Hampshire; Children's Hospital Boston; and Boston University. Recently, he completed work on the Boston Medical Center's parking facility. During the project, he planned and designed services for a 9-level, 1,460-car staff parking garage in the BioSquare development that provides parking for both Boston Medical Center and Boston University's medical school.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in