News: Front Section

Wright of Cummings negotiates 7,600 s/f lease to LitmanGerson Associates

On the heels of its 30th anniversary as both a Woburn CPA firm and a Cummings Properties tenant, LitmanGerson Associates, LLP has expanded to a 7,600 s/f facility at 600 West Cummings Park. Cummings Props. operations manager Erica Wright negotiated the transaction. The firm's first lease for space was for only a few hundred square feet at Woburn's Tower Office Park in May 1980. Over the years, founding partner Gerald Gerson moved the company several times to accommodate the fast growing business and staff, yet he always leased from Cummings Props. in the same area. According to Gerson, "West Cummings Park provides the perfect location, close to I-93 and I-95, to serve our large client base." LitmanGerson is now comprised of 25 professionals, many of whom have national firm expertise, offering audits, reviews, and management consulting in addition to the company's base services of tax planning and accounting. The firm services clients locally as well as internationally. Cummings Properties is a full-service real estate development, property management, and construction firm with 83 buildings in 10 Boston area communities. It leases 10 million square feet of commercial space to more than 2,000 clients.
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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