News: Front Section

NAI The Dunham Group brokers six leases totaling 27,827 s/f and one sale

NAI The Dunham Group recently brokered the following transactions: * Thermoformed Plastics of New England leased 2,500 s/f of industrial space at 18 Morin St., Biddeford, from Correct Holdings, LLC. Greg Hastings, SIOR from NAI Dunham brokered the lease. * Cain Realty, LLC purchased 5 acres of land at 24 Industrial Park Rd., Saco, from Pleasant Hill Storage, Inc. Chris Craig from NAI Dunham brokered the sale. * Tim Goode leased 1,600 s/f of industrial space at 3 Southgate Rd., Scarborough, from Avolli, LLC. Tom Dunham, SIOR of NAI Dunham and Jerry Applebee from Applebee Commercial brokered the lease. * Harvest Bible Chapel leased 4,227 s/f of mixed-use space at 3 Delta Dr., Westbrook, from ADCD, LLC. Frank O'Connor, CCIM, SIOR from NAI Dunham and Andrew Ingalls from CBRE The Boulos Company brokered the lease. * Furniturea leased 15,000 s/f of industrial space at 15 Saunders Way, Westbrook, from JBB Westbrook, LLC. Dunham, from NAI Dunham and Drew Sigfridson from CBRE The Boulos Company brokered the lease. * Portland Paper Products leased 3,000 s/f of warehouse space at 84 I Warren Ave., Westbrook, from Von Herten Auto Body, Inc. Craig from NAI Dunham and Mark Malone from Malone Commercial brokered the lease. * Allen Jagger & Tom Bull leased 1,500 s/f of warehouse space at 1 Industrial Way, unit 8, Portland, from AIM One Industrial Way. Tripp Corson from NAI Dunham 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