News: Front Section

RBJ brokers four leases totaling 335,220 s/f at 53 and 73 State St.

Richards Barry Joyce & Partners, LLC (RBJ) has brokered four leases totaling 335,220 s/f for Brookfield Properties. The leases are at 53 State St., Exchange Place, and 75 State St., both located in Boston's Financial District. RBJ is the leasing agent for both 53 and 75 State St. Michael Joyce, partner, and VPs Thomas Ashe and Tom O'Regan of RBJ represented Brookfield in each of the leases. Fidelity Investments signed two lease renewals totaling 220,079 s/f at 53 State St. The first transaction, a short-term lease for 169,943 s/f, covers space on floors 4, 5, 10, 11 and 12. The 2nd transaction is a long-term lease for 50,136 s/f. Fidelity was represented in the transactions by Chuck O'Connor of DTZ FHO Partners. Boston Consulting Group signed a lease renewal for 78,488 s/f on the 30-32 floors of 53 State St. BCG was represented by Andrew Hoar of CB Richard Ellis. Advent International, renewed a lease for 36,653 s/f. The space, on the 2nd and 29th floors of 75 State St., is for the firm's regional headquarters. Advent was represented by CBRE.
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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.
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The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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