News: Retail

Todreas Hanley Associates brokers 1,700 s/f retail lease to Monella

According to Todreas Hanley Associates, Monella has opened at Thornes Marketplace. Monella, a specialty fashion store for women, has its flagship store in Harvard Square and is owned and operated by fashion retailer Haluk Ozek. The new store in Northampton occupies almost 1,700 s/f on the first floor of Thornes. The glass storefront has a distinctive contemporary look and the window display highlights Monella's selection of both trendy and classic women's fashions. Thornes Marketplace has recently undergone improvements designed to enhance the retail experience while maintaining the building's distinctive character. Thornes was originally the largest department store in Northampton. In the 1980s it was converted to a retail center with an array of local and regional retailers and quickly became an attraction for local residents, students, and visitors to the region. Today Thornes Marketplace is the centerpiece of a vibrant eight block downtown area, and Northampton remains the dominant shopping destination in the region. Todreas Hanley Associates leased the space, and is the marketing, leasing, and physical improvement consultant for the property.
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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