News: Retail

Nordblom leases 1,174 s/f to Quinstance

3rd Ave, the dining, entertainment and homegoods heart of Burlington, completed a 1,174 s/f lease with Quinstance. Being developed by Nordblom Company, the 300,000 s/f 3rd Ave retail-walking street is home to Wegmans, The Bancroft, Tony C's, Kings Bowl, Osteria Nino, Boston Interiors, Carter's Diamonds, and Cambridge Savings Bank with PAUL Bakery, 18|8 Fine Men's Salon, Avalon Nail & Day Spa, Redstone American Grill, and Mitchell Gold + Bob Williams opening in the near future. "Quinstance is a brand new concept and will open their first store at 3rd Ave," said Adele Olivier, senior vice president for Nordblom Co. "Defined as 'an object you stumble upon that makes you happy each time you use it, put it on, or look at it,' Quinstance will be a great addition to our dynamic tenant line-up." Quinstance is a gift shop dedicated to handmade goods. They carry 90% American-made goods and 10% fair trade.
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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