News: Northern New England

Paszyc, Sigfridson, Young and Estes of CBRE/Boulos broker 4 deals

CB Richard Ellis/The Boulos Company recently brokered 3 leases and 1 sale transaction. Inner Circle Productions has leased 2,100 s/f at 22 Park St. from 22 Park St, LLC. This transaction was brokered on behalf of the owner by Chris Paszyc of CBRE/Boulos and on behalf of the tenant by Barbara Trafton of Keller Williams Real Estate Thomas More College has leased a 576 s/f suite at Pineland Farms in New Gloucester. Drew Sigfridson of CBRE/Boulos represented the tenant and the landlord, The October Corp. Goodwill Industries of Northern New England has leased 12,000 s/f of retail space from BVH Biddeford, LLC in the Five Points Shopping Center in Biddeford. The transaction was brokered on behalf of the tenant by Craig Young, CCIM of CBRE/Boulos. 27 Bow St., LLC has purchased the 1,334 s/f building from Maureen Babicki at 27 Bow St. in Freeport. This building is home to Freeport Cheese and Wine. This transaction was brokered on behalf of the seller by Jessica Estes of CBRE/Boulos and on behalf of the buyer by Matthew Cardente at Cardente Real Estate.
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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