News: Northern New England

NAI The Dunham Group brokers 11 leases

NAI The Dunham Group brokered 11 leases totalling 63,703 s/f. * Muscular Dystrophy Associates leased 2,850 s/f of office space at 39 Mechanic St. from T & T Development. Thomas Moulton, CCIM, SIOR brokered the lease. * Peekaboo Children's Center leased 3,500 s/f of retail space at 90 Bridge St. from Dana Warp Mill, LLC. Frank O'Connor, CCIM, SIOR was assisted with the lease by Matthew Cardente from Cardente R.E. * Hassan Gurhan leased 2,000 s/f of office space at 24-26 Bridgton Rd. from 24 Bridgton Road, LLC. Chris Craig brokered the lease. * America's Mattress leased 3,800 s/f of retail space at 380 Elm St. from Five Points Market Place, LLC. O'Connor brokered the lease. * Fantini Bakery Co. leased 500 s/f of warehouse space at 35 Bradley Dr. from 35 Bradley Drive, LLC. Greg Hastings, SIOR brokered the lease. * Local Sprouts Cooperative leased 3,000 s/f of retail space at 645 Congress St., Portland, from Bayside Maine, LLC. O'Connor was assisted with the lease by Chris Lavoie from Keller Williams. * Distinctive Tile leased 2,652 s/f of retail space at 332 Forest Ave., Portland, from Oakhurst Properties, LLC. Katie Allen brokered the lease. * Thermoformed Plastics of New England leased 2,000 s/f of warehouse space at 10 C Arctic Circle, Biddeford, from Southpark, LLC. Hastings brokered the lease. * 30,000 s/f of warehouse space was leased at 70 Bennett Dr., Bangor, from Dysart's Transportation. Tom Dunham, SIOR brokered the lease. * Freedom Xpress, Inc. leased 6,700 s/f of warehouse space at 16 Johnson R., South Portland, from Transport Leasing Corp. Hastings, SIOR brokered the lease. * Xpress Copy leased 6,701 s/f of retail space at 100 Fore St., Portland, from Hope 1, LLC. Moulton, CCIM, SIOR brokered the lease.
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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