News: Front Section

Minnerly of NAI Hunneman brokers 8,750 s/f lease in Walpole Park South to Chabaso Bakery

NAI Hunneman has brokered an 8,750 s/f industrial lease at 4 Walpole Park South Dr. Cathy Minnerly, executive vice president at NAI Hunneman, represented the landlord, John D. Murphy Co. Steve Clancy of CB Richard Ellis represented the tenant, Chabaso Bakery, one of the most celebrated bakeries in the U.S. Founded in 1994, Chabaso Bakery produces over two dozen varieties of artisan breads and rolls, and sells them at fine stores throughout N.E., N.J., N.Y. and the eastern seaboard. "Chabaso Bakery was attracted to the strategic location and quality of thebuilding," said Minnerly, whose firm serves as an exclusive leasing agent for the property. "We're very pleased we have met the specific space requirements of the tenant." The property is located on Rte. 1, one mile off I-95. 4 Walpole Park South Dr. is a 60,034 s/f industrial building located within a 466,000 s/f multi-tenanted park. Founded in 1929 and headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. Through its association with NAI Global, NAI Hunneman is a local firm with global reach offering brokerage and project management services in more than 325 markets across the nation and around the world. For more information, visit our website at www.naihunneman.com.
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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