News: Northern New England

Overdeput of Grubb & Ellis|Coldstream leases 2,451 s/f at Ananda Professional Building

Grubb & Ellis|Coldstream Real Estate Advisors, Inc. has leased 2,451 s/f of office space at the Ananda Professional Building, a Class A office building located at 25 Pelham Rd. to United Training, Inc. United Training, Inc. is a consortium of independently owned and operated information technology training centers from around North America. The company entered into a multi-year lease agreement and plans on moving into its new suite in the fourth quarter of 2009. Hugo Overdeput, CCIM, of Grubb & Ellis|Coldstream's Bedford office, represented the landlord, ARUN Real Estate Leasing, LLC, and assisted the tenant. Despite the economy and sluggish office market in New Hampshire, Overdeput has managed to broker lease transactions at the Ananda Professional Building totalling over 42,000 s/f bringing the building's occupancy rate to a little over 67%.
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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