News: Northern New England

Waters of Lang McLaughry Commercial leases 5,000 s/f

Bruce Waters, CCIM, senior broker for LANG MCLAUGHRY COMMERCIAL,completed a 5,000 s/f office lease to StartDate Labs, Inc. at 10 Water St. 10 Water St. is a 40,000 s/f classic New England mill building that has recently gone through extensive renovations and has become the "private sector" incubator for Upper Valley technology. StartDate Labs incubates new ideas, technologies, and businesses that aim to transform talent acquisition and human capital. StartDate Labs was founded by Tim McKegney and Chris Forman, both veterans of high technology companies specializing in recruitment and high level job searches. Currently, StartDate Labs' portfolio includes StartWire, claimed to be America's #1 search organizer and AppCast, a global "cost-per-applicant" ad network. The new office space was recently renovated for the high tech functions of StartDate Labs, but retain the "patina" of the mill building, with exposed wood beams, high ceilings, finished wood floors, exposed brick and newly installed, energy-efficient, double hung windows, which allows for fresh air into the office environment. Other technology companies established at 10 Water St. are Simbex, a Bio-Centric innovator and Signal Quest, a designer and manufacturer of electronic sensors, to name a few. 10 Water St. is owned and operated by S & W Investment Company, a locally owned real estate holding company. LANG MCLAUGHRY COMMERCIAL represented the landlord and assisted the tenant with their transaction.
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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