News: Spotlights

O'Brien Commercial Properties brokers $2m sale of 30,000 s/f Mill Pond Building

Eric O'Brien of O'Brien Commercial Properties represented the buyer 63 Great Road Partners, LLC (Lexvest Partners, LLC) in the sale of the 30,000 s/f Mill Pond Building at 63 Great Rd. The building was purchased 65% leased to five emerging technology companies. The property, sold by Maynard Partners, LLC, primarily consists of bio-medical, office and lab space. Lexvest intends to renovate the common areas and available suites and market the remainder of the building as business condominiums for sale or lease. The sale price for this signature property at the fork of Rtes. 62 and 117 was $2 million. Dylan Connelly of O'Brien Commercial Properties has been appointed to market the property for Lexvest. O'Brien Commercial Properties, Inc., a leading provider of commercial real estate brokerage, advisory, and property management services, has been servicing business and industrial clients in Boston's Metro-West region since 1998.
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Spotlights

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,
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!
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