News: Front Section

Richards Barry Joyce & Partners reps Intercontinental in 88,930 s/f lease

Richards Barry Joyce & Partners has represented Intercontinental R.E. Corp. in an 88,930 s/f lease with ImmunoGen, Inc. at 830 Winter St. 830 Winter St. is comprised of 182,106 s/f and ImmunoGen will occupy office and laboratory space on three floors. ImmunoGen will be moving to Waltham from its headquarters in East Cambridge. "830 Winter St. is one of the top laboratory facilities in the Greater Boston suburbs," said Thomas Taranto, director, head of asset and portfolio management at Intercontinental. Jon Varholak, Michael Frisoli and Ron Friedman of RBJ represented Intercontinental. Roy Hirshland and Mike Shreve of T3 Advisors represented ImmunoGen. "Boston's suburbs continue to attract biotechnology companies, with Waltham and Lexington at the forefront of this trend," said Varholak, partner, RBJ. "The scarcity of opportunitiesin Cambridge, which was created by the tremendous growth of Boston as a hub of biotechnology, has helped fuel the growth of biotech in the suburbs."
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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