News: Spotlights

Top Stories: November 2011

Angelone, Moylan, Koury, Heald and Klimkiewicz of CBRE arrange $128m sale of 350 Washington St., Boston, to Invesco Real Estate Advisors KS Partners acquires 113,050 s/f office at 33 Boston Post Rd., Marlboro for $8.15m - Avidia Bank provides acquisition financing EA Fish Dev. breaks ground on $18.6m Linwood Mill Apts.; investors include Raymond James Financial, Quincy Mutual and Berkshire Bank Connolly Bros. building 23,800 s/f Infiniti dealership for Prime Motor Group, Washington St., Hanover, Mass. Alta Props. and Roedel Cos. begin renovation of former Clarion Hotel; 109-unit hotel to reopen as the Falls Center and LaQuinta Inn & Suites Pugliese Contracting completes construction of 8,000 s/f "green" corporate headquarters on 4 Ledge Rd., Windham, N.H. Cawley and Braun of United Multi Family broker $2.535 million sale of 36-unit apartment at 20 Eames St.-66 Pratt St. for Pratton Props. LLC Sower and Weissman of Boston Realty Advisors facilitates $3.775 million sale on behalf of the seller, Marlborough Street Realty Trust Boston Mayor Menino names E+ Green Building Program Challenge winners: 3 teams chosen to develop ultra-efficient buildings Columbia Const. and Elkus Manfredi build Dassault Systemes' 225,000 s/f offices, Waltham; LEED Gold Certification pending Marcone Capital arranges $8.1 million financing of 2200 West Park Dr.,; 75,584 s/f office building in the Westborough Office Park 100% leased Sheehan and Sidel of EagleBridge Capital arrange $20.6 million financing for installation of rooftop and ground mounted solar systems Cushman & Wakefield forms strategic alliance with Hayes & Sherry, Ltd.; Providence firm joins C&W's Americas Alliance Program Fair of Hayes & Sherry sells 9,215 s/f office building at 450 Veterans Memorial Pkwy. in the Metacomet Exec. Office Park, East Providence Denenberg Realty handles $1.2 million in sales, including 8,704 s/f at 1676 Dorchester Ave.; Town Hall Rlty. and Metro Bus. Brokers assist Baldwin Realty completes 6,000 s/f lease to Meridian Woodworking at Unit #2, 443 Summer St., Brockton, from George Millett Miller of Arnold Peck brokers $575,000 restaurant sale of 4,530 s/f former Yoshida Japanese Restaurant at 430 Boston Post Rd., Milford, Conn. Geenty Group brokers 3 leases totaling 9,121 s/f; includes 6,321 s/f leased to UZID, LLC at 222 Universal Dr., North Haven, Conn. Alexandria R.E. Equities breaks ground on $500 million Alexandria Ctr. at Kendall Sq; Spagnolo Gisness designs Phase 1, Consigli serves as GC Suffolk Const. awarded $15.3 million design-build contract for MBTA Revere Transit Facility & Streetscape project Beaumont Solar completes 2,304 solar panel installation at Clarke's 106,500 s/f hdqtrs., Milford, Mass.; top 5 rooftop installations in Mass. The Hunter Group and Elaine Const. complete $4.4 million renovation and energy retrofit at 640 Washington St., Brighton, Mass. Lincoln Essex Capital, LLC acquires 65,000 s/f Andover Village Sq.; retains Avison Young as project and property manager Hamilton Co. acquires 71,000 s/f Plaza 188, Malden, Mass. for $15.5 million; NAI Hunneman reps seller, Commercial St. Venture
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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