News: Front Section

Project of the Month: Acorn Management completes renovation of Whitman Mill into Victoria Riverside Townhouse Lofts

The historic Whitman Mill, renamed Victoria Riverside Townhouse Lofts, has undergone complete renovation into unique apartments and recently celebrated its grand opening with a ribbon cutting ceremony hosted by the developer, Stephen Ricciardi, governor Deval Patrick and New Bedford mayor Scott Lang. Built in 1896, by William Whitman it is listed on the National Register of Historic Places and was designed by Charles Makepeace an internationally famous architect. At its peak, the mill was equipped with 177,608 spindles and 4,610 looms. This historic mill building with views of the Acushnet River has been converted into town house lofts and one story lofts with 18' cathedral ceilings and 14' windows. Original maple hardwood floors have been preserved and all units have been equipped with modern amenities including stainless steel appliances and air conditioning. An underground heated garage is available for tenants. "The building sat vacant for several decades before Ricciardi's Quincy based firm saw its potential and rehabilitated the 250,000 s/f building into 100 apartments" said mayor Lang. Governor Patrick said, "Communities get built; they just don't happen." Ricciardi said, "the success of the project was a team effort which included David Scherer, director of development, Stephen Rodri, CFO, Quentin Ricciardi, vice presdient of development, Alan Caldwell, project manager and Rhonda Robitaille, property manager. Project Team: Developer: Acorn Management Plumbing: AFM Plumbing Electric: National Electric Windows: Stergis Windows Dry wall: Superior Dry Wall Building Supplier: Dartmouth Building Supply
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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