News: Northern New England

Paul McInnis, Inc. leases 6,336 s/f at 10 Mohawk Drive

A former daycare facility located at 10 Mohawk Dr. will be repurposed for a similar use as Recreational Education Center (REC) enters New Hampshire and opens their second location. The 6,336 s/f building on 2 acres was a prime choice for REC as they searched for the right location to open their next facility. Chris McInnis of Paul McInnis, Inc. represented the landlord, Realty Income Corp. of Escondido, California. Ronald Fredette of Keller Williams Commercial represented the tenant. "This was the ideal location and situation for REC to come to New Hampshire with a landlord willing to work with their growth strategy. The center will be a beneficial addition to the Londonderry market," said McInnis. When asked why the REC was opened, owner and executive director, Tricia Woolard M.S.Ed., BCBA said, "I envisioned offering a year-round program that would be available to families seven days per week... The center today offers so much more than seven days per week of programming; it offers a truly specialized experience for all students. It has opened the doors for children with special needs to engage in similar experiences as their peers."
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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