News: Financial Digest

NorthMarq Capital arranges $1.8 million for mixed use property

Debbie Orloff, senior vice president, of NorthMarq's Boston Regional office, has arranged permanent financing of $1.8 million for 9 Amelia Dr., a mixed use office, retail and apartment building. The loan was arranged for the borrower by NorthMarq through its relationship with Countrywide Commercial Real Estate Finance. 9 Amelia Dr., a six unit mixed use building, is located off of Old South Rd., approximately 1 1/2 miles south of the center of town. Easy airport and downtown access and convenient shopping add to location amenities of 9 Amelia Drive. It is managed and owned by 9 Amelia Dr. LLC, and is the main office for Chip Webster & Associates, a New England based architecture and development consultant firm specializing in sustainable design and development.
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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