News: Northern New England

O'Connor of NAI The Dunham Group sells 65,000 s/f land parcel on Marginal Way to Atlantic Holdings LLC

Atlantic Holdings, LLC purchased a 65,000 s/f land parcel at 26 Marginal Way. Formerly owned by the U.S. Postal Service and used for parking, the site is the last prime development site on Marginal Way. The sale transaction was brokered by Frank O'Connor, CCIM, SIOR from NAI The Dunham Group. The purchased land parcel will be used for a future development site. The buyer has a vision to revitalize Bayside, a visible, but previously neglected area of Portland. This idea is well underway, as the buyer has already redeveloped sites on this section of Marginal Way (AAA, Intermed and Gorham Savings buildings).
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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