News: Northern New England

Malone brokers 5 leases totalling 21,391 s/f and 2 sales totalling 12,676 s/f

Malone Commercial Brokers negotiated 7 transactions. * 509 Forest Ave., Portland Center for the Prevention of Hate Violence leased 4,338 s/f at 509 Forest Ave. from Apline Realty. Mark Malone, CCIM, handled the transaction. * 568 US Rte. 1, Freeport Cuddledown leased 9,748 s/f of retail space at 568 US Rte. 1 from Flying Frog, LLC. Mark Malone and Jim Harnden of Ram Harnden brokered the lease. * 19 Industrial Park Rd., Saco Quality Floor Finishes leased 1,633 s/f of warehouse space at 19 Industrial Park Rd. David Caron of Malone Comm'l. was the broker. * 317 Marginal Way, Portland Eldredge Lumber & Hardware Co. has leased 4,722 s/f at 317 Marginal Way. Southern Maine Properties Co. is the landlord. Joe Malone and Jennifer Small of Malone Comm'l. represented the landlord and Thomas Dunham of NAI/The Dunham Group represented the tenant. * 897-899 Brighton Ave., Portland Maine Tigers Martial Arts leased 950 s/f of space at 889 Brighton Ave. Peter Harrington of Malone handled the deal. * 611 Brighton Ave., Portland Raymond Chiropractic purchased a 2,412 s/f building on .11 acre at 611 Brighton Ave. in which to expand their offices. John Doyon, CCIM of Malone Comm'l. and Kevin Leighton of Leighton Properties assisted with the sale. * 68 Pine St., Portland 66 Pine Street Properties purchased a 10,264 s/f multi unit investment property at 68 Pine St. from Peter and Gladys Richmond. Caron and Dale Holman of Regency Real Estate brokered the transaction. * 380 U.S. Rte. 1, Falmouth Tidesmart Realty LLC has purchased the 8,050 s/f office building at 380 US Rte. 1 from 380 Associates LLC. Joe Malone was the listing broker and Debra Napolitano of Paragon Real Estate was the selling broker.
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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

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