News: Northern New England

Soggu to buy 16,000 s/f Ash St. School; Silver Tech named tenant

SilverTech, Inc., will relocate to the historic Ash St. School building located at 196 Bridge St. Soggu, LLC has signed a purchase and sale agreement with the city, and will lease a portion of the building to SilverTech. The property, listed in the city's historic registry and formerly a city elementary school, will become SilverTech's new company headquarters after significant renovation and restoration projects are completed. The company plans to move into the new space in April of 2008. The 16,000 s/f property is on 1.32 acres. Plans for the new site include restoration projects that will bring back the historic character such as the addition of greenery, landscaping and walkways around the building that will replicate original designs of the former school era. Interior updates will preserve the integrity of the existing architecture but will also include outfitting the space with high-tech infrastructure that will provide the framework for a collaborative and creative working environment.
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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