News: Northern New England

Maine Realty Advisors brokers four sales totaling over $3.5 million

Portland, ME Maine Realty Advisors negotiated the sale of 779 Congress St. to RM Ferrante LLC. The propertyis a10-unit multi-family sold by RSP-Congress Street LLC for $1.225 million. Frank Carr of Maine Realty Advisors and Thomas Gadbois of F.O. Bailey brokered the deal.

Reynolds Invest, LLC purchased two multifamily properties: In Gardiner, Reynolds Invest purchased a seven unit multifamily from G&G Holdings, LLC at 17 Autumn St. for $542,500. In Monmouth, Reynolds Invest, LLC purchased a 10-unit multifamily from G&G Holdings, LLC at 1064-1068 Main St. for $775,000.
Ben Spencer of Maine Realty Advisors and Daniel Coleman of Androvise brokered both of these transactions.

In Pittsfield, MEB LTL, LLC purchased 15,950 s/f of industrial space at 335 Industrial Pkwy. from LMD Properties, LLC for $1 million. Josh Soley of Maine Realty Advisors and Tim Millett of Porta & Co brokered the sale.

Carr of Maine Realty Advisors and Noah Stebbins of The Boulos Co. leased 1,861 s/f of retail space at 1364-1372 Congress St. to Green Street Holdings Maine, LLC from CP Westgate, LLC.

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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