News: Northern New England

White of Boulos sells 14,711 s/f de Rochemont House for $2.1 million

Newington, NH Kent White of The Boulos Company represented de Rochemont House LLC in the sale of 100 Shattuck Way for $2.1 million. The property consists of 14,711 s/f of medical/office space on a 1.63 acre lot, all leased by Whole Life Health Care through December 31, 2028. The buyer, Blueberry Banke LLC, will take over management of the property.

The de Rochemont House, former home of filmmaker Louis de Rochemont, is on the National Register of Historic Places. Originally known as the Paul House, de Rochemont purchased it in the 1940s and referred to his estate as Blueberry Banke. Louis  de Rochemont was co-creator of the March of Time newsreels and produced films, including The Fighting Lady, winner of the 1944 Academy Award for Best Documentary.

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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