News: Front Section

Yacobian of Cummings Props. leases 6,000 s/f to The Klub House

The Klub House has opened up a 6,000 s/f facility at 90 Cummings Park. The Klub House is an indoor playground. Their is an indoor rubber track in cars, two art rooms and an activity-based space, a 100 foot loop of riding track, a two-story pirate ship with a super slide, a rock climbing wall and the necessary Captain's wheel is crawling with kids. A two-story castle with slides and another rock wall is popular with the crowd. A separate toddler room for infants through two-years-old helps keep the peace. Two inflatable bouncies and a glam room that can host 17 childre each at their own station with decorated mirrors and hot pink chairs that go up and down. The Klub House also hosts birthday parties with the ability to rent out the entire facility. Rob Yacobian, leasing director at Cummings Properties represented the landlord in the lease transactions while The Klub House was represented by Brad Spencer of Grubb & Ellis. 90 Cummings Park is leased and managed by Cummings Properties. The firm manages nearly 10 million s/f of commercial real estate in 10 the greater Boston area.
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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