News: Northern New England

NAI The Dunham Group negotiates 5 leases

NAI The Dunham Group negotiated 4 leases totalling 23,663 s/f and one sublease totalling 125,000 s/f in December. * Sea Salt, LLC leased 5,250 s/f of industrial space at 64 Industrial Park Rd., Saco from CP Technologies. Greg Hastings, SIOR from The Dunham Group brokered the lease. * Prime Electric Motors leased 15,000 s/f of industrial space at 72 Sanford Dr., Gorham from D& G Holdings, LLC. Hastings brokered the lease. *Vibrant Care Outpatient Rehabilitation leased 1,307 s/f of mixed-use space at 1001 Forest Ave., Portland from Project Staffing. Chris Craig from The Dunham Group and Matt Barney from Malone Commercial brokered the lease. * Village Candle subleased 125,000 s/f of manufacturing space at 90 Spencer Dr., Wells from RR Donnelly. Hastings and Drew Sigfridson from CBRE|The Boulos Company brokered the lease. * Alzheimer's Association leased 2,106 s/f of office space at 383 US Rte. One, Scarborough from MER Development. Katie Allen from The Dunham Group 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