News: Front Section

Ross and Sciolla of Cresa Boston rep. Yacobian Group in 12,140 s/f; Dauria of JLL acts for landlord, Equity Office

David Ross and Joe Sciolla of Cresa Boston recently represented The Yacobian Group in a 12,140 s/f office lease relocation and expansion at the Riverside Center on 275 Grove St. The Yacobian Group will occupy part of the ground floor in its new building. Yacobian, which previously occupied 10,000 s/f at 3 Clock Tower Place in Maynard, is moving its office headquarters and upgrading its space to accommodate its accelerating growth. The 508,000 s/f Riverside Center, a class A office complex, is adjacent to the MBTA Riverside Terminal, with access to the Mass. Turnpike and Rte. 128. It features a 500-foot long, 65-foot high interior atrium, a fitness center, and a café. Cresa's project management team, led by Barry Dubé and Amy Unangst, is overseeing the build-out, with a move-in date slated for November. The landlord, Equity Office, was represented by Alex Dauria of Jones Lang LaSalle. Cresa, one of North America's largest corporate real estate advisory firm exclusively representing tenants, is based in Boston. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain, and Facilities Management. With 57 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.
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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