What was your greatest professional accomplishment in 2014? - Steve Murphy of Campanelli
Campanelli's most notable deal in 2014 was the purchase of Heritage Point (formerly 108 Myrtle St.) Heritage Point is the third building purchased by Campanelli in North Quincy in the past 18 months. Together the three buildings form an urban campus with exceptional water and city views known as Heritage Landing. The campus caters to tenants seeking value outside of downtown Boston while also providing Red Line T access, free parking and flexible space available for a variety of tenant requirements. Recently renovated amenities at Heritage Two, which can be accessed by all campus tenants, include downtown eatery Sebastians, a 4,000 s/f first-class fitness center and an 80-seat flexible conference center. The acquisition of Heritage Point now makes Campanelli one of the largest property owners in Quincy.
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 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!
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 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