News: Front Section
Posted: August 6, 2015
Nohrden and Burgess of Burgess Properties Inc. broker $2.55 million sale of Malden's Eastern Bank Building
Burgess Properties Inc. has brokered the sale of 94-106 Pleasant St., the 26,000 s/f home of Eastern Bank's branch in downtown. The three-story, multi-tenanted office building was purchased by 100 Pleasant LLC for $2.55 million.
In 2014, the same investor group purchased the former 29,000 s/f Sparks Department Store building abutting the Eastern Bank property. Burgess Props. recently leased the entirety of that property to the Swedish adventure/gaming company, Boda Borg.
Steve Nohrden and Phillip Burgess of Burgess Props. were the sole brokers.
Founded in 1997, Burgess Properties is one of Greater Boston's premier suburban full-service commercial brokerage firms specializing in the sale and leasing of office, industrial and other commercial properties.
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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
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
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 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