News: Spotlights

October

Jones Lang LaSalle's Thompson, Cordeau and Kollar negotiate Exa's 66,000 s/f lease at Nordblom's Northwest Park, Burlington, Mass. Grubb & Ellis represents Latti Farm in $7 million sale of 101,500 s/f to First America in Millbury, Mass. Stubblebine sells 25,000 s/f office/flex bldgs. in Windham, N.H. to Financial Destinations for $2.674 million Stop & Shop signs anchor lease for Twenty Wayland's $14m Wayland Town Center for 45,000 s/f; KGI and Congress co-developers CB Richard Ellis brokers $124 million sale of AvalonBay's 746 apartment community, Hamden, Conn. to Baker Properties Diana of Levey Miller Maretz sells Montowese Market Sq. in North Haven to Center Plan Development for $3.4 million KeyPoint Partners awarded 17 building, 1.4 million s/f portfolio management of office industrial, flex and retail space Driscoll, Brady and Weiss of Cushman & Wakefield lease 115,000 s/f to KPMG at Two Financial Center in Boston Hegenbart of NorthMarq Capital arranges $20 million for FFMS Lincoln North 128,163 s/f class A offices in Lincoln, Mass. Ashworth of Ashworth Mortgage Corp. places $13.64 million for CC Industries Realty Trust/New Medford Court House EagleBridge Capital's Sidel and Sheehan place $3.15 million loan for six building 30 unit Weston Court Apartments King of King & Newton negotiates $1.85 million sale of 100 apts. for DB's purchase from Holyoke Financial in Holyoke, Mass. Vision 3 Architects design of Hope Commons 45,000 s/f dining facility at University of Rhode Island awarded LEED Silver certification Campanelli Cos. and Commonfund Realty JV lease 113,000 s/f to Tech Target in Norwood; Colliers M&G and Grubb & Ellis assist Herron and LaBine of Holliday Fenoglio Fowler arrange $5.85 million financing for 55,397 s/f 600 Technology Center in Stoughton, Mass. BPG Properties completes first multifamily acquisition in Conn. totaling 650 units; Marcus & Millichap broker sale ARC designs 180,000 s/f science center for Genzyme in Framingham; receives LEED Gold certification from USGBC ADD Inc completes historic rehab and green design of its $14.4 million 67,500 s/f new Boston headquarters Commonwealth Ventures leases 100,000 s/f to Cengage Learning at Channel Ctr.; CB Richard Ellis brokers Cushman & Wakefield's Griffin, Maher, Lowber and Thomas handle $26 million sale of 70 Franklin St., 87,212 s/f offices Hynes and Vornado's $650 million development of former Filene's block secures financing for mixed-use site: Suffolk contractor Charter Realty Development completes sale of 8 shopping centers in 4 states totaling over one million s/f for $185 million Linear acquires two retail condos in Boston, 11,699 s/f, for $4.05 million; CBRE/NE, CM&G, Chandler, Dartmouth broker GVA Williams named to lease HB Nitkin's 150,000 s/f retail development in Hartford; Gubner, Musilli, Libby agents Lefebvre of Shanley Realtors brokers $2.215 million 12,000 s/f sale for Kihei Group to ING Properties Wassersug, DePippo, Ginand, White, Mitchell and Baldwin of Jones Lang LaSalle do 150,000 s/f GSI rehab in Bedford, Mass. Biette and Spencer of Grubb & Ellis complete $4.8 million 52,290 s/f sale for Rainin Group to Mack Investments in Woburn Fantini & Gorga handle $20.663 million financing for 148,202 s/f of retail sites in Maine, Massachusetts and Rhode Island
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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