News: Spotlights

September

Marr of Keliher R.E. and Carucci of ERA Boston broker $3.7m sale of 22,500 s/f for Core Investments to E.D. Properties. Luers of Tamposi-Nash sells 147,000 s/f mfg. plant, Hudson, N.H., for Sofft Shoe Co./H.H. Brown to Sparton Tech for $6.08 million Druker Co.'s Atelier/505's design dev. team receives Award of Excellence from Urban Land Institute; ADD Inc managing architect Bowden of R. Calabrese Agency sells Fair Oaks S.C., 47,000 s/f, for $4.57m for Deekan Assoc. to Malachite Grp., in Waterbury, Conn. Callaghan of Binswanger Cos. leases 70,000 s/f warehouse space in Portsmouth, N.H., to Kittery Trading Post Canpro Inv. completes 3rd building, 30,000 s/f, at Lakeville Corporate Pk.; BKA Architect; Callahan contractor Vogell of Mortgage Resources arranges $2 million permanent funding for 60 unit Heritage House apts. owned by DLG Company United Multi Family's Kobialka brokers $1.625 million sale of 20 units in Peabody for David LeBlanc to Norman LeBlanc Meredian Capital arranges $39.5m construction financing for 200,000 s/f North Haven Commons to Eclipse Development Group Herron and LaBine of Holliday Fenoglio Fowler secure $33.5m refinancing for Abbey Group's 207 unit St. Germain Apartments Conrad Group sells 80,000 s/f offices in Weymouth for 90 Libbey Parkway to Foxrock Properties for $11.5 million R.W. Holmes reps Northland Inv. in $7.15 million sale of 60,477 s/f Marlborough offices to Janelon Trust; 95% leased to Sepracor Fantini & Gorga arranges $8 million for Hecht. Dev.'s 21,000 s/f Coventry Crossing retail center in Rhode Island Condyne & Advantage Construction complete 335,720 s/f Crossroads Commerce Center, Taunton; Curtis Architectural Group designer Biette-Amabile of Grubb & Ellis handle 85,000 s/f Framingham sale, 6 acres, for Evergreen Packaging to Congress Grp. for $6.4m NAI Hunneman negotiates Gold Associates' $1.1m sale of apts. in 6,000 s/f to BVS R.E.; Christie McGee brokers Star Market to develop Chestnut Hill store to two-story 41,000 s/f; Suffolk Construction general contractor Witten and Nolletti of Marcus & Millichap broker $21.15m sale of 240 units for East Haven R.E. to 65 Massina Drive, LLC Sabrowski & Zuckerman of GVA Williams sell 51,000 s/f Riversedge Plaza for Mercator capital to Farmington Assoc.; $5.425m Bufftree Building constructing 58,000 s/f mfg./office facility for Atlantic Lighting; Rescom Architects designs $3m Fall River site Pro Con construction mgr. for $5.1m elementary school in Londonderry, N.H.; 14,422 s/f renovation/expansion; Marinace archt. Broadway Partners sells 200 State St., Boston, 302,143 s/f, to GLL R.E. Ptrs. for $167m; Cushman & Wakefield brokers Fairlane Properties buys 65,000 s/f, 9 office condos, for $5.52m from Cambridge Business Ctr., Somerville; Hunneman broker UMF's Cawley and Braun handle sale by Chestnut Realty Trust to Brian Cherry; 28 units sold for $4.2 million Jones Lang LaSalle sells two centers, 147,512 s/f, to RK Assoc., $10.3m, and Cedar-Webster LLC, $17.593 million. Hudson & Webster Wason Assoc. & Net Lease Capital arrange $9m sale of three Rite Aid pharmacies in N.H. and W. Va. to Nordic Development Urstadt Biddle purchases Veteran's Plaza, New Milford, Conn. from First Treetops for $10.3 million; Aries/UBP, Hoffman co-broker New England Retail Props. handles 63,850 s/f lease to Big Y Supermarkets in Wilbraham; Halprin sole broker
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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