News: Front Section

The Grossman Cos.' McKinnon brokers 14,000 s/f lease for landlord

Pharmaceutical developer EMD Serono, Inc., has renewed and expanded its lease at Ten 99 Hingham St., a first-class office building on the Hingham /Rockland line at the junction of Rtes. 3 and 228. The company will occupy a total of 14,000 s/f in the building. Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., of Quincy, who represented the landlord, Rockland Haverstraw Trust LLC. EMD Serono was represented by Tony Meenaghan, EMD Serono's Director of Facilities. EMD Serono, Inc., is an affiliate of Merck. Its mission is discovering and developing medicines that address unmet medical needs including reproductive health, neurology and metabolic endocrinology. Last month financial services industry advisor Cutter Associates leased 7,757 s/f in the building. Ten 99 Hingham St.t consists of about 60,000 s/f set on a six-acre wooded site. The three-story building is distinguished by its continuous windows, large atrium and contrasting brick façade. Easy access to major highways and proximity to three hotels, restaurants and function facilities add to the location's attraction. It is opposite the commuter bus station.
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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