News: Front Section

Robinson of NKF negotiates four leases for Kensington Investment Co.

According to Newmark Knight Frank (NKF), 867 Boylston St. in Back Bay has experienced recent leasing activity. Tom Robinson of Newmark Knight Frank's Boston office has negotiated four full-floor leases totaling more than 17,000 s/f on behalf of the building's owner, Kensington Investment Company Inc. New tenants that have each signed leases for 4,322 s/f at 867 Boylston St.: *Life in Synergy, Boston's premiere health and fitness educators, opened a class studio space on the second floor; *Charlesgate Realty Group, a residential real estate firm, leased the third floor; *Cypress Group, an IT placement firm, leased the fifth floor; *The Iacocca Foundation, an organization devoted to funding diabetes research, leased space on the sixth floor; and *Olivio Premium Products, a food marketing company, also leased space on the sixth floor.   Cypress Group was represented by Adam Schneier of NKF and both The Iacocca Foundation and Olivio Premium Products were represented by CB Richard Ellis senior VP William Crean. Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank Newmark operate from over 196 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $47.6 billion with annual revenues of over $962 million. With a combined staff of more than 6,900, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com
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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