News: Retail

Spirit Realty and RJB to construct $3.3m 16,000 s/f Jacarada Shops

Spirit Realty Trust is building Jacaranda Shops, a 16,000 s/f first class retail center located at 1238 Bedford St., Rte. 18, with traffic count of 35,000 cars per day. This site is located one mile south of the new Weymouth Air Base project, which will consist of over 4,000 housing units. Construction will begin late November and projected completion is anticipated in December of 2009. The building can be divided into five units or all one unit depending on the type of store. Rental rates are at $18 per s/f. Projected cost of the total project is $3.3 million. Construction management is being done by R.J.B. Development of Quincy, A.I.A. Steven Kosilla is structural engineer and Stephen Ondrick is civil engineer, The DeCell Group, all from Quincy. Financing is provided by Dedham Savings Bank.
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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