News: Northern New England

NAI The Dunham Group leases 46,675 s/f

NAI The Dunham Group brokered seven leases totalling 46,675 s/f of retail, office, warehouse and industrial space and the sale of one land site. * New England Denture Center of Bangor leased 3,432 s/f of retail space at 730 Center St., Auburn Plaza, from GFI Auburn Plaza Realty. Frank O'Connor, CCIM, SIOR from NAI The Dunham Group brokered the lease. * Refresh, Rebuild, Relax leased 1,067 s/f of office space at 51 US Rte. One, Scarborough from Nonesuch River Plaza, LLC. Chris Craig from NAI The Dunham Group and John Murphy from The Real Estate Store brokered the lease. * This Old Thing leased 1,200 s/f of retail space at 625 Bridgton Rd., Westbrook from White Bear Properties. Chris Craig from NAI The Dunham Group brokered the lease. * CGI Benefits renewed their 1,022 s/f office lease at 383 US Rte. One, Scarborough from MER Development. Katie Allen from NAI The Dunham Group brokered the lease. * Maine Campus Books leased 2,454 s/f of retail space at 334 Forest Ave., Portland from Oakhurst Properties, LLC. Katie Allen from NAI The Dunham Group brokered the lease. * PPG Auto Glass, LLC renewed their 10,000 s/f warehouse lease at 510 County Rd., Westbrook from Sleepy Hollow Development, Inc. Greg Hastings, SIOR from NAI The Dunham Group and John Cordon from Fischer & Company brokered the lease. * SGrow Tech, LLC leased 27,500 s/f of industrial space at 165 Pleasant Ave., South Portland from 165 Pleasant Avenue Associates, LLC. Greg Hastings, SIOR and Tom Dunham, SIOR from NAI The Dunham Group brokered the lease. * And Southpark, LLC purchased half an acre at Arctic Circle, Biddeford from Interstate Baking Company. Greg Hastings, SIOR from NAI The Dunham Group brokered the sale.
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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