News: Front Section

McKinnon of The Grossman Cos. handles 2,500 s/f lease to The American Red Cross Blood Services

The American Red Cross Blood Services - New England Region, has leased 2,500 s/f for a training facility at Braintree Executive Park, 100 Grossman Dr. Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., handled negotiations for the landlord, Braintree Executive Park LLC. The Red Cross was represented by Chris Everest, president of Nordlund Associates. McKinnon said the Red Cross chose the location because of its excellent highway and public transportation access, ample parking and building amenities. In the past year, several tenants renewed leases at Braintree Executive Park including the Building Trade Employers' Association of Boston and Eastern Massachusetts, Inc., Rockland Trust Company which renewed its lease and expanded; and Bank of America. Among other long-term tenants in the office park are Tremont Federal Credit Union, Strategic Staffing Solutions, and Manpower International, to name a few. The Grossman Cos. offers a full range of brokerage services, with a focus on sales and leasing of commercial property throughout New England.
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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