News: Northern New England

Maine Real Estate & Development Association elects Eddy and Soley new board members

Mathew Eddy of Brunswick and David Soley of Freeport have been elected as board members of the Maine Real Estate & Development Association (MEREDA). Eddy is executive director of Eaton Peabody Consulting Group. Eddy has over twenty years of experience in economic development and planning. He most recently served as the director of economic and community development for the town of Brunswick. Prior to that, he served in the same capacity for the city of Westbrook after having spent several years working in research, planning and development for the Maine State Housing Authority, the City of Bath, the Greater Portland Council of Governments and the Town of Brunswick, as well as planning agencies in New Hampshire. Soley is co-founder and owner of East Brown Cow., a real estate investment, management and development company, established in 1989, which owns 22 commercial buildings and properties in the Greater Portland area. East Brown Cow has earned a reputation for providing first-class service to its tenants and for its commitment to the communities and neighborhoods where its properties are located. Soley is also Shareholder of Bernstein Shur and leads their real estate litigation group. According to Shelly Clark, business & operations manager of MEREDA, "The MEREDA board of directors is an exceptional group of individuals and Soley and Eddy bring a wealth of knowledge and experience to the organization."
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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