News: Northern New England

President's message: Spring is around the corner

We have had quite a winter in New England, and the snow is very much piled up outside our home and our offices. It's hard to see how we can do business, however it has not been stopping us from doing business; business keeps on marching. With spring almost here and it appears that we are looking at a better market once all that snow melts, make sure you are ready to take advantage. Now is the time to be looking ahead. The National Association of Realtors has published a 2015 Commercial Market outlook, and it can be accessed at this link http://www.realtor.org/reports/commercial-real-estate-outlook. We will also put this report up on our website very soon for our members to access. It's interesting reading, please take a little time out of your day to review the data. Once again, I will remind you all that we really do want to hear from you. Please take the time to let us know what we can do to help. You can help NH CIBOR too. We have many volunteer committees who do great work for our members, and we need more of you involved. Please consider joining one of our committees today. Choose a topic you are interested in and passionate about. Visit our website for the list of committees. It will be rewarding for you. Gerry O'Connell is the 2015 president of the New Hampshire Commercial and Investment Board of Realtors.Gerry O'Connell, KW Commercial CLCG
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Columns and Thought Leadership
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