News: Spotlights

Top Stories: March 2011

Dapice of KW Commercial arranges $2.831 million sale of 6 multi-family apartment buildings totaling 36-units in Salem, Mass. O'Callahan of Binswanger leases 65,820 s/f at 343 Winters St., Waltham to Kenexa; RBJ&P reps landlord, National Dev. Panasis and Kelley of Brady Sullivan sell 12,760 s/f at 195 McGregor St., Manchester, N.H. for $1.7 million Cathartes Private Invest. begins The Residences at Portwalk - 36 apartment units and 9,400 s/f of retail in Portsmouth, N.H. Tishman Const. nears completion of 200,000 s/f project for Verizon at N.E. Telephone & Telegraph Bldg., 85 Franklin St., Boston Lamattina of United Multi Family arranges $2.765 million sale of 38-unit apartment building at 190 Ledge St., Nashua, N.H. Yates and Riccio of CBRE arrange $14 million financing for S&I Realty Assoc.;1690 New Britain Ave., Farmington, Conn. Conrad and McEvoy of Conrad Group represent Work 'N Gear in 16,693 s/f office lease at 2300 Crown Colony, Quincy, Mass. Indoor Environmental helps property owners in the treatment of mold and moisture problems; led by Bob and Jim Bowen LaBine and Krolman of Holliday Fenoglio Fowler secure $18.2 million financing for 113 Hartwell Ave., Lexington, Mass. Spiegel of NE Moves Mortgage arranges $1.281 million permanent loan for Rochester 31 LLC; funded by Fannie Mae Lender Dill and Bolotin of Colebrook Realty Services broker 51,000 s/f lease renewal at One Monarch Place, Springfield, Mass. Paskalis and Steingold of MG Commercial lease 22,960 s/f to BCBS at 100 Dupont Dr., Huntington Business Park, Providence Barry of CB Richard Ellis sells 12,056 s/f tire and auto service property, 21 Division St., Pawtucket for $240,000 Cregan of Paramount Props. leases 5,500 s/f office space to two tenants at 1210 Pontiac Ave., Cranston, for Abins Realty Corp. Mirin and Schwartz of Cushman & Wakefield complete $6.6 million sale of two props. totaling 20,359 s/f for Defgey and Co. Gilbane, Margulies Perruzzi and Integrated Interiors provide services for new offices in the Seaport Center on Fargo St., Boston E.S. Boulos Co. awarded $27 million electrical construction for 600,000 s/f Maine General Medical Center, North Augusta, ME. Regazzini of Combined Props. leases 12,865 s/f to Mystic Brewery, LLC at 174 Williams St., Chelesa, Mass. for micro-brewery The Stubblebine Co. and T3 Advisors broker $752,400 sale of 19,800 s/f flex building, 1145 Mass. Ave., Boxborough, Mass. Abbot Building Restoration Co. completes project at Collins Hall, 6-story dorm at Bentley College; working with RMX Northeast Katz Props. acquires 187,000 s/f Derry (NH) Meadows Shoppes for $21.025 million; financing arranged by Breda of Goedecke Linear Retail purchases 24,462 s/f Chelmsford (Mass.) Plaza on Drum Hill Rd. for $6.77 million; sold by Katz family Carr Enterprises building new $4.5 million Osterville (Mass.) Village Library; design by Charles Bellingrath and Ford 3 Architects
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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