News: Spotlights

What was your most notable project, deal or transaction in 2018? - by mayor Donald Grebien

Donald Grebien
City of Pawtucket, RI

After 13 years of steering the commuter rail station project through state and federal regulatory hoops, on November 2nd, a ribbon cutting was held to break the ground of a new $50 million transit hub. The Pawtucket/Central Falls commuter rail station, with its dedicated platforms for northbound and southbound MBTA service, connected by a pedestrian bridge overpass, elevators, ramps and stairs, is scheduled to begin service by 2022. Five opportunity zones have been approved in the city, including three around the new 150-acre transit-oriented district known as the Conant Thread District, which bring incredible development opportunities in vacant and underutilized historic mills surrounding the commuter rail. This is the most important economic development project in decades. The city is also poised to approve a new joint TOD planning district with the abutting city of Central Falls. which promises flexible, innovative and streamlined zoning for development.

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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