News: Front Section

McGuire and Fenlon of CB Richard Ellis collaborate for 28,170 s/f renewal

According to KS Partners, LLC, one of Greater Boston's largest landlords, it has renewed a lease with RCN Metro for 28,170 s/f of executive office space at its 2200 West Park Dr. building. RCN Metro is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses. RCN Metro offers a comprehensive suite of services including: Ethernet, SONET, Wavelength Services, Video Transport, Internet and more. Robert McGuire Sr. of CB Richard Ellis/New England Suburban Brokerage represented the landlord, KS Partners, LLC. Brad Fenlon of CB Richard Ellis New Jersey represented the tenant, RCN Metro. Glenn Roberts of Fenway Equities LLC, KS Partners leasing representative worked closely with both CBRE New England and CBRE of New Jersey to bring the deal together. "KS Partners LLC is pleased that RCN Metro has decided to continue its relationship with KS Partners at 2200 West Park Dr. in Westborough. We look forward to keeping them as a valued tenant for an additional five years," adding that, "this is a significant renewal transaction in the Boston Metro-West market; it secures a valuable occupancy in a highly competitive environment." RCN Metro entered into a five year lease with KS Partners. KS Partners LLC is a commercial real estate owner and property management company which owns and manages income producing real estate assets in the Northeast. The KS Partners portfolio strives for value appreciation through the capitalization of improved leasing, repositioning or redevelopment opportunities.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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