News: Northern New England

Toolin of Fini Real Estate leases 28,976 s/f; brings 1 Perimeter Road to 100%

Matt Toolin of The Fini Real Estate Group, Inc. has completed four new tenant leases totalling 28,976 s/f at 1 Perimeter Rd. to bring the 49,946 s/f building to 100% occupancy. * Turbotek Computer Corp. leased 6,117 s/f on a 5 year term. Dan Scanlon of Grubb & Ellis|Northern New England represented the tenant. * H&L Distribution leased 2,929 s/f on a 5 year term. Doug Martin of Grubb & Ellis|Northern New England represented the tenant. * Apria Healthcare, Inc. leased 8,679 sf on a 5 year term. Corporate Realty Associates represented the tenant. * Cushcraft Corp. leased 11,251 s/f on a 5 year term. UGL Services Equis Operations represented the tenant. Toolin represented the landlord, Harvey Road Airpark, LLC, in these transactions. According to Toolin, "We are seeing a significant amount of upgrading in this market. Many tenants are locking in long-term leases at very favorable rates. Since January, the entire southern New Hampshire market has shown signs of a return to a more normalized market."
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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