News: Front Section

Palino joins New England Rest. Brokers as sales consultant

Dennis Serpone, president of New England Restaurant Brokers has added Gayle Palino to its roster of sales consultants. Palino owned and operated JP Licks Ice Cream Emporium for 10 years. "I am so pleased to bring Palino into our company with her vast knowledge and experience with fast food operations. We've seen a marked increase in both the number of various types of fast food business hit the market over the past couple of months and the number of active buyers. That said, the only deals that are closing are those where the seller is motivated, the terms favor the buyer, and the financing is creative," said Serpone. Palino joins the existing staff: Edward Williams (former CEO & creator of I SOLD MY HOUSE.COM), David Gosselin, Anthony D'Antonio, Philip Montoni, Carolyn Palmerino, and Susan Columbo. Established over 27 years ago, New England Restaurant Brokers has been the leader in representing buyers and sellers throughout Massachusetts and New Hampshire. "We've sold the highest grossing independent restaurant in the country, The Hilltop, in Saugus for $15 million to a smaller mom & pop deli for $20,000. Typically our commissions range from 7-10 % with a $10,000 minimum," said Serpone.
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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