News: Front Section

MRI Center leases 6,000 s/f at West Cummings Park

The MRI Center has relocated its offices to the Cummings Medical Building at 800 West Cummings Park, Suite 1150 with a 6,000 s/f lease. The move will allow the MRI Center to upgrade its equipment and systems as well as position itself in a growing community of healthcare service providers that offers free parking, on-site MBTA bus service and close proximity to major hospitals. "We're really excited about moving to our new space," said Susan Clark, regional manager for the MRI. "It will be great for us to be near other medical providers and will be very convenient for our patients. "The MRI Center staff considered other options, but decided 800 West Cummings Park suited them best," said Erica Wright, leasing/property manager for Cummings Properties, who represented Cummings Properties in the lease negotiations with the MRI Center.
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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