News: Spotlights

Piche of Bierbrier Development leases 2,500 s/f to Gymboree at Arlington Shops

According to Bierbrier Development Inc., a Gymboree Play & Music leased the last remaining 2,500 s/f of space at Arlington Village Shops located at 1406 Mass. Ave. and held its grand opening ceremony on March 18. "We're excited to bring the one-of-a-kind Gymboree Play & Music program to our community," said David Mitchell, owner of Curious Bubble, Ltd., a Boston franchisee of Gymboree Play & Music. "Using custom designed play equipment, our classes have been developed to provide a range of age appropriate challenges and skill building exercises, allowing each child to participate and learn at his or her own pace. From the moment parents walk in the door, they can see we've created an environment where kids are free to move, play and explore safely." Casey Piche, vice president at Bierbrier Development, represented the landlord in the transaction. Tim Coyle of Newton-based Godino & Company, Inc. represented the tenant. Other major tenants at Arlington Village Shops include Unleashed by PETCO, Panera Bread, Hair Cuttery and The Meat House. In 2010, Bierbrier Development added a 9,000 s/f addition to the existing Arlington Village Shops shopping center. The new addition, which is one of the first core and shell LEED-certified retail buildings in Mass., has expanded Arlington Village Shops to a total of 25,000 s/f of retail space.
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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