News: Northern New England

O'Brien and McMahon of NAI Norwood Group lease at Pinkerton Place

NAI Norwood Group has signed two lead tenants for the new retail development project at at 17 Manchester Rd. Pinkerton Place, has received approvals for 49,000 s/f of retail space on 8.5 acres and is under construction. Pinkerton Place is a retail project located at the corner of Manchester Rd. and Ashleigh Dr. in front of a fully approved Wal-Mart supercenter, scheduled for completion in 2012. The project has started with the renovation of the 19,000 s/f former Allen Motors building and the demolition of the 14,000 s/f former Dave Allen Sales and Service building. The renovation of the 19,000 s/f building makes way for a regional specialty pet super-store and the demolition of the Dave Allen Sales building clears the way for what will be a brand new 16,000 s/f Goodwill Retail Store. Goodwill Industries of Northern New England recently signed a lease and received all municipals approvals for this new location. Brian O'Brien and Chris McMahon of NAI Norwood Group's Portsmouth office represented the landlord, Boomer Wolf, LLC. Craig Young of CB Richard Ellis|The Boulos Company represented Goodwill Industries of Northern New England. In 2010, NAI Norwood Group represented the developer, Boomer Wolf, LLC in the acquisition of the two abutting car dealership properties. To read the Oct, 2010 story visit http://nerej.com/43110 Pinkerton Place - 7 Manchester Road - Derry, N.H.
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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