News: Owners Developers & Managers

McKinnon of Grossman arranges 1,584 s/f lease at Munroe Place

With the recent lease of 1,584 s/f to Scottrade, Inc. the Retail Shops at The Residences at Munroe Place are 100% occupied. This is the first time the five retail units have been fully leased. Representing the landlord, Munroe Place LLC, in lease negotiations was Richard McKinnon, director of brokerage services for The Grossman Companies, Inc. Peter Montisanto of The Dartmouth Group represented Scottrade. Other retail tenants at The Residences at Munroe Place are Starbucks, Citi Financial, T Mobile and Market USA. The shops are on the street level of a 111-unit luxury apartment building adjacent to the MBTA's Quincy Center Red Line and Commuter Rail station. The Residences are in the city's historic downtown and within walking distance of over 600,000 s/f of office space. Scottrade offers a full line of investment products, online trading platforms and market research tools to help investors take control of their financial future. The Grossman Companies, Inc., offers a full range of brokerage services, with a focus on sales and leasing of commercial property throughout New England. Contact Richard McKinnon at 617-472-2000; richmck @grossmanco.com. Website: www.grossmanco.com. - By Stanley Hurwitz stanhurw@comcast.net Munroe_Scottrade_0810.doc smh 8/10
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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