News: Front Section

Nohrden of Burgess Properties leases 29,000 s/f to Boda Borg in Malden

Burgess Properties Inc. has leased 29,000 s/f of retail space to Swedish virtual reality gaming operator, Boda Borg, at 86-90 Pleasant St. With seven locations already throughout Europe, a $3 million transformation of the Pleasant St. property will mark Boda Borg's first opening in the U.S. Boda Borg patrons participate in a series of "Quests", or live puzzle-solving adventures, that vary in difficulty and style - from mental challenges to difficult physical adventures, spanning multiple floors of territory. The concept is intended to appeal to families, students, adults, and companies conducting team-building exercises. Boda Borg Boston is targeting a June 2015 opening. 86-90 Pleasant St. was the longtime home of Sparks Departments Store, that went out of business in 2014. Boda Borg joins a large group of new restaurants and innovative businesses that have breathed new life into downtown. Steve Nohrden of Burgess Propes. was the sole broker.
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Columns and Thought Leadership
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