News: Spotlights

NAI Hunneman brokers 12,275 s/f office leases on behalf of Centurion Realty

NAI Hunneman, brokered multiple leases totaling 12,275 s/f of office space on behalf of Centurion Realty LLC in Boston's Financial District. Bonny Doorakian and David Cooney, senior associates at NAI Hunneman, represented the landlord, Centurion Realty, in all five transactions at 77 Summer St. and 184 High St. The following tenants leased space at 77 Summer St., a 60,000 s/f office building: * Career Collaborative, a nonprofit organization that seeks to end working-class poverty by helping adults get and succeed at life-changing jobs, took 3,911 s/f on the 11th floor. Tenant representatives were Kristin Blunt and Mike McElaney of Colliers Meredith & Grew. * RE/Max Office, a residential brokerage firm, leased 2,700 s/f on the second floor. Tenant representative was Doorakian and Cooney of NAI Hunneman. * TCognition Inc., an IT/software staffing, consulting and outsourcing services firm, leased 1,000 s/f. Tenant representatives were Doorakian and Cooney of NAI Hunneman. The following tenants signed leases at 184 High St., a 59,235-s/f office building: * Apex Environmental, an environmental, health, safety and engineering firm, leased 2,332 s/f. Tenant representative was Jim Griffin of GVA Thompson Hennessey & Partners. * Green Insurance, an insurance brokerage firm, leased 2,332 s/f of office space. Tenant representative was Kevin Brown of Brown & Wagner. NAI Hunneman also brokered an office lease at 69 Canal St. in Boston's Bulfinch Triangle area. National Telecommuting Institute, an educational/job-matching organization pioneering the development of telework jobs for Americans with disabilities, signed a new lease for 4,644 s/f. The institute will relocate its new headquarters from 11 Arlington St. Doorakian represented NTI in the transaction. Karyn McFarland and Matt Twombly of Grubb & Ellis represented the landlord, Raymond Property Company.
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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