News: Front Section

Washington Trust provides $908,000 financing for ASK Properties and Lightship Group

Washington Trust's commercial lending group recently provided a combined $908,000 in financing to ASK Properties and The Lightship Group, LLC. The funds will be used to refinance its facility located on Ten Rod Rd., and to provide working capital and the purchase of equipment for its shop facility located in Quonset Point. ASK Properties and The Lightship Group, LLC, owned by Thomas Alexander and Peter Starr, is one of the most respected marine, construction and industrial support organizations in the country. For more than 25 years, The Lightship Group has provided traditional, time proven approaches toward troubleshooting and problem solving, and provides clients worldwide with engineering and technical support. "Washington Trust is pleased to provide financing to ASK Properties and The Lightship Group," said John Warren, chairman and CEO of The Washington Trust Co.
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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