News: Northern New England

Nubi River Partners develops "green" Nubanusit Neighborhood & Farm

Nubanusit Neighborhood & Farm will have its first residents in November. The neighborhood, which was developed by Nubi River Partners, LLC, is a new type of housing development, known as "co-housing." It's part old-fashioned neighborhood and part town square. The developers are Robin and Shelley Hulbert, Richard Pendleton and Sage Wheeler. The builder is Bruss Construction and the architect is Sheldon Pennoyer of O'Neil Pennoyer Architects. About half of Nubanusit's 29 units are already sold. Home styles in the neighborhood range from single-family to duplexes and one-floor condominiums, from 863 to 1,888 s/f. Amenities include extra space in several common areas, including 70 acres of farmland, woods and river front—all owned by the residents. The common house provides a place to play, and professional office space in a renovated historic farmstead is available for resident use. The neighborhood's "green" technologies include a central pellet-fired heat plant, highly insulated building envelopes and solar hot water collectors. The duplex homes are registered for the United States Green Building Council's LEED Platinum Certification, the highest rating awarded.
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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