News: Spotlights

RE/MAX of New England opens first micro real estate office in Stop & Shop

According to RE/MAX of New England, New England's first micro real estate office has located inside a Stop & Shop supermarket as part of a groundbreaking partnership with The Stop & Shop Supermarket Company of Quincy. The opening of the RE/MAX office, located inside the Stop & Shop store at 1600 Boston Rd., marks the first of several RE/MAX offices expected in Connecticut, Massachusetts, New Hampshire and Rhode Island. "After much anticipation, we have signed our first Stop & Shop location," said Jay Hummer, RE/MAX of New England's executive vice president and regional director. "With the success of this location, we can anticipate more franchises opening in other Stop & Shop stores in the next twelve months." The office, owned by broker/owners Andy Armata and Stacey Alcorn operates under the name RE/MAX Prestige. "We are excited to bring the real estate expertise of trained, professional RE/MAX agents directly to Stop & Shop customers," said Armata. "This unique opportunity will provide Stop & Shop customers with a one-stop shopping experience where they can meet face-to-face with outstanding RE/MAX agents at a time and place that is convenient during their busy lives." The unique office space measures 10'x25' in size, for a total of 250 s/f. It provides brokers with both a fully-functioning work area and an intimate setting to meet with potential and current clientele. The exterior features RE/MAX's trademark red, white and blue colors, as well the iconic RE/MAX balloon. RE/MAX of New England plans to open more than a dozen offices in Stop & Shop stores across Mass., Conn., R.I. and N.H. as part of an exclusive five-year agreement formed in 2010.
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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