O'Hara of Coldwell Banker Commercial NRT completes $2 million sale
Chris O'Hara, senior vice president of Coldwell Banker Commercial NRT Incorporated represented Shelton Associates, LP in the sale of 2 Research Dr. to William Raveis Real Estate. The facility was formerly occupied and used by A.O. Sherman and Dresser Industries as research/light manufacturing space.
William Raveis will be relocating its headquarters and renovating the existing 55,000 s/f building on 5 acres into a class A office building. William Raveis is the owner and founder of William Raveis Real Estate, Mortgage and Insurance one of the top residential real estate companies in the nation. The expansion is the result of Raveis' passion to deliver the highest level of service to its customers. William Raveis Real Estate is also the #1 family owned real estate firm in the Northeast, the #3 largest family owned real estate company in the U.S. Consisting of 3,000 sales associates, managers, staff and a mortgage and insurance team. Generating annual real estate sales of $5.6 billion, 2,500 corporate relocation transferees a year and a total mortgage volume of $9 billion.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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!
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 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