News: Front Section

Nahigian of Auburndale Realty Co. leases 42,258 s/f to PAK Technologies at 95 Fitchburg Road in Ayer

Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Company leased 42,258 s/f of industrial/warehouse space at the Groton Ayer Realty Trust facility, 95 Fitchburg Rd. The space was leased to PAK Technologies, Inc. of Milwaukee, Wis. PAK Technologies, Inc. is among the Midwest's largest comprehensive blending, packaging and distribution companies. PAK operates nationally and internationally serving accounts with widely varying requirements. PAK's customer base ranges from local accounts with uniquely specialized needs to involvement with the Federal Space Program. PAK Technologies, Inc. has evolved under the guidance and vision of the owner and chief executive officer, Kevin Schuele in 1980. Over the years, the focus has changed to private label blending and packaging. PAK Technologies intends to use this space as a delivery location for its European customer base and buildings with access to rail service. With this lease, 95 Fitchburg Rd. is now fully leased.
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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