News: Spotlights

November

Diversified Project Management completes relocation assignment for $55 million Housatonic Community College expansion in Bridgeport Chozick Realty arranges $1.26m sale of 15 unit Mansion Apts. in Manchester, Conn.; Century 21 Alaimo reps seller, Stephen Grimaldi Lefebvre of Shanley Realtors sells 12,000 s/f Portsmouth, N.H. building for Kihei Group to BNG Props. for $2.215 million Martini Northern breaks ground for Fairchild Semiconductor's 90,000 s/f energy efficient offices in Scarborough, Me. Ground broken on $112 million Taunton, Mass. middle school; Gilbane Building Co. program manager; Agostini & Bacon is contractor Federal Housing Admn. Approves $75 million 220 unit The Gables condo in Abington; Gables Development Corp. developer Arbor Commercial Funding closes on $2 million refinance loan for Heritage House Apts., New London, under Fannie Mae DUS Hannah R.E. Investors & Stillwater Inv. Mgmt. celebrate opening of $66 million mixed use residential/retail site in Stamford Davis Marcus Ptrs. signs Sun Products Co. to 56,603 s/f at Wilton (Conn.) Corporate Park; Albert Ashforth reps owners Fish of Ashworth Mortgage places $1.84m financing for 43,520 s/f warehouse/mfg. building at 5 Kenwood Circle, Franklin, Mass. Marcone Capital arranges $10.75 million financing of University Business Center in Newton, Mass. for KSKIM UBC Equity Ptrs. Washington Trust Co. provides $12 million for Billchelm Realty's 143,000 s/f office/R&D bldgs. in Boxborough, Mass. Conrad Group sells 35,500 s/f in Norwell, Mass. for Longwater Realty Trust to Fifty One LLC for $4.8 million Denenberg Realty Advisors sells 13,500 s/f mixed use building in Providence to Surabian Realty for 300 Atwells Avenue, LLC Holmes, Johnston and Wyant of R.W. Holmes Realty assist in leases totaling 140,089 s/f for BJ's Wholesale Club in Natick Sawyer Enterprises, Jones Lang LaSalle and Bovis Lend Lease top off $230 million W Hotel & Residences in downtown Boston J.K. Scanlan Co. completes 109 unit Bentley Commons independent living facility in Keene, N.H.; Stamfl Hartke architect Payette and Bowdoin complete Ken Olsen Science Center at Gordon College, 83,154 s/f, in Wenham, Mass. Columbia Construction completes 115,000 s/f manufacturing facility for Siemens Healthcare in East Walpole, Mass. Pro Con named architect/CM for Renaissance Hotel at S&S Hotel's development at Patriot Place, Foxborough, Mass. Matthews Commercial handles $3.625 million sale of former cinema in Meriden, Conn.; to convert to medical space for Casle Corp. Wluka R.E. brokers $1.415 million 17.3 acre sale in Middleboro, Mass. for Lew Heafitz for $10 million warehouse/dist. facility Stubblebine Co. and CB Richard Ellis cobroker 60,000 s/f lease for Littleton Expansion to Curtis-Straus in Littleton, Mass. Jones Lang LaSalle named by Procter & Gamble to provide real estate services for 150 million s/f in Boston and worldwide Linear Retail purchases four retail condos on Newbury St. for $3.95 million; Dartmouth Co. leasing agent for 6,300 s/f Caruso andRans of iCap Boston place $12.25m for Capetown Plaza, Hyannis; anchored by K-Mart and Filene's Basement New Boston Fund develops The Gateway at Quonset Point mixed use project totaling 765,000 s/f; Dartmouth and CBRE agents Fantini & Gorga closes $10.9 million loan for Indian Brook Commons on Dover/Somersworth, N.H. line
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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!
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Columns and Thought Leadership
CRE market continues to navigate and adjust - by Kristie Russell

CRE market continues to navigate and adjust - by Kristie Russell

The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,
Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Here are a few of my favorite topics of conversation: politics, religion, money, and relationships. Other than a below average level of social capability, why do you suppose that those are some of my favorite conversation pieces? Well, I believe that there is a fascinating truth hidden within these realms
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations
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