News: Front Section

O'Callaghan of Binswanger completes 28,580 s/f R&D space lease at 34 Commerce Way to Amgen

Timothy O'Callaghan of Binswanger has completed the lease of a 28,580 s/f R&D space at 34 Commerce Way to Amgen. The property, owned and operated by Cummings Properties, was formerly occupied by Calloway Labs for use in drug testing protocols. Built in 1976 with many recent upgrades, the flex R&D building is in excellent condition. Key features to the area include a business park setting and many local amenities. The property has highway access to both I-95 & I-93, and is located 12 miles north from Boston. Amgen is a multinational biopharmaceutical company and is the second largest independent biopharmaceutical firm. In 2013, the company's largest selling product lines were Neulasta/Neupogen, two closely related drugs used to infections in patients undergoing cancer chemotherapy; and Embrel, a tumor necrosis factor blocker used in the treatment of rheumatoid arthritis and other autoimmune diseases. Headquartered in Philadelphia, with the local office in Natick MA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.
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Columns and Thought Leadership
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