News: Northern New England
Posted: October 6, 2023
Young and Phillips of The Boulos Co. sell 171 Warren Ave. for $666,000
Portland, ME Julie Quimby, Ph.D. of Soulful Spaces, LLC purchased 171 Warren Ave. for $666,000. Dr. Quimby is a licensed psychologist, founder, and CEO of Psychology Specialists of Maine. She leases space at Two Portland Sq., and at 14 Maine St. in Brunswick, and is excited to expand her practice to include psychiatry services and start renovations on the 3,954 s/f building, for which her vision is to create a warm and inviting “modern farmhouse” aesthetic.
The transaction was handled on behalf of the seller, Poulin Property Holdings, LLC, by The Boulos Company’s Craig Young and Sasha Phillips and on behalf of the buyer by Melanie LeClair.
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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
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
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 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