News: Front Section

Tosti, Walles, McGuire and Powers of CBRE/NE broker 9,183 s/f lease

CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, has brokered a new 9,183 s/f lease on behalf of Capital Group Properties & Secured Realty with new tenant Kenney & Sams, P.C. at 134 Turnpike Rd. The CBRE team of Chris Tosti, executive vice president/partner, Rob Walles, senior vice president/partner, Robert McGuire, senior vice president/partner, and Alison Powers, associate, represented Capital Group Properties & Secured Realty. Representing Kenney & Sams, P.C., a litigation boutique law firm with offices in Boston and Metrowest, were Matthew Giffune, assistant vice president, and Rick Schuhwerk, vice president, at Jones Lange LaSalle. "We are pleased to have helped facilitate this transaction," said McGuire. "A new lease of this size is not only a testament to the quality of the asset and the ownership, but also to the strength of the Metrowest market." 134 Turnpike Rd. is a 50,000 s/f class A office building located on Rte. 9 adjacent to the Sudbury Reservoir and clost to I-90 and I-495. Southborough Place is a three-building office park with over 250,000 s/f. Southborough Place is owned and managed by Capital Properties Group & Secured Realty. 134 Turnpike Rd. is exclusively leased by CB Richard Ellis.
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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