News: Northern New England

The John Flatley Company leases 1,619 s/f to Elizabeth Grady Salon

The John Flatley Company completed a 1,619 s/f lease with Elizabeth Grady Salon at Tara Commons. The lease brings the property to over 70% pre-leased. Tara Commons is Nashua's newest mixed-use retail development directly situated on Spit Book Rd. at Exit 1 off Rte. 3/FE Everett Turnpike. Located at the entrance of Gateway Hills, the five building development forms a 35,000 s/f neighborhood retail village designed to provide Gateway Hills and its abutting community with a convenient place to dine, shop and run day-to-day errands. With over 27,000 vehicles passing per day, 4,000 onsite employees, 800+ residents and an ever-expanding tenant roster, Gateway Hills continues to stage itself as Nashua's most exclusive destination. "We are very pleased to be opening our salon in this great new location," said Liz Racioppi, co-owner of the new Nashua Elizabeth Grady Salon. "Elizabeth Grady is a great addition to the center. They represent another first-class operation with a loyal and dedicated following" said Thomas Smith, vice president of leasing at the John Flatley Company.
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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