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Big Chicken food truck to
debut at Wrentham Outlets in 2024
October 25, 2024
Wrentham, MA After making its debut in Metro Boston, Big Chicken is headed to the midway point between Boston, Providence and Worcester to join the open-aired, premium shopping mall in Wrentham. Crowned as the industry’s “Top Mover & Shaker” by FastCasual.com,
McEvoy of Conrad Group facilitates
$9.5m sale of Sterling Plaza
October 25, 2024
Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.
Ellis Realty brokers sale of two CVS
locations for Schiavo Enterprises
October 25, 2024
Rockland, MA Ellis Realty Advisors, on behalf of Schiavo Enterprises has completed the acquisition of two CVS locations in Rockland and Hanson, Mass. These properties represent additions to the growing portfolio of retail assets. One of the key aspects of these acquisitions was the opportunity to renegotiate
Charter Realty welcomes Arsenault as executive vice president
October 25, 2024
Boston, MA Jeff Arsenault has joined Charter Realty as executive vice president. In this role, Arsenault will focus on retail advisory services throughout the Boston and the New England area, while also collaborating with colleagues across North America to serve the firm’s national clients.
CanalSide Food + Drink at CambridgeSide opens
October 25, 2024
Cambridge, MA Opening October 25th, CanalSide Food + Drink at CambridgeSide, is a new food experience offering local fare with global flair. CanalSide offers visitors waterfront views, a collection of eateries, and a centrally located bar.
RK Centers obtains Stop & Shop plaza
for $26.275m - 80,506 s/f on 8.9 acres
October 25, 2024
Malden, MA RK Centers, the growing privately held, family-owned real estate development company, has acquired the Stop & Shop plaza at 99 Charles St. The purchase price was $26.275 million.
Sullivan & Sullivan brings 31.8 acres to auction November 7
October 18, 2024
East Bridgewater, MA Sullivan & Sullivan Auctioneers announced today that the firm will bring 31.8 acres of town land along Central St. to auction on behalf of the town. This public auction will consist of four separate offerings. The first is 31.8 acres industrial zone w/overlay 55+ district.
Rhode Island office space market update: Balancing concerns with optimism - by Matt Fair
October 25, 2024
As we head into the final quarter of the year, the Rhode Island office space market is sending mixed signals. On one hand, vacancy rates have been ticking up, a trend that has left many landlords and lenders concerned. Yet, on the other hand, there’s a growing sense of optimism in the air as
Outlook for industrial market in Rhode island for remainder of 2024 and into 2025 is positive - by J...
October 25, 2024
As 2024 winds down, with no new construction in sight, we expect that the supply of industrial buildings and spaces in the Rhode Island market will remain low, with vacancy rates in the 3-4% range for “modern” industrial buildings.
Each sector of the commercial real estate market holds its own opportunities and challenges - by Chr...
October 25, 2024
The commercial real estate market in Rhode Island, and nationwide has been through quite the transition in the last 18 months and we are in for a dynamic year ahead, shaped both by national and regional factors and trends. A major catalyst is the Federal Reserve’s decision to lower their benchmark rate for the first time in four years,
Navigating shifts: New Hampshire’s office market resilience amid national uncertainty - by Bob Roh...
October 25, 2024
It is hard to find any publication with positive things to say about the commercial office market — and for good reason. COVID and post-COVID shifts in the workplace have solidified the work-from-home (WFH) model as more than just a
The challenges and secrets to purchasing industrial outdoor storage (IOS) property - by David Skinne...
October 25, 2024
In these industrial market update columns, I have been opining of the merits and challenges of the recently formed product type of real estate that has been labeled, “IOS” – or for those of us who are not interested in
Buyers outnumber the sellers and prices need to be adjusted downward - by Earle Wason
October 25, 2024
I am an optimistic person therefore first with the good news. At this time of limited inventory, a number of hotels have sold where the motivation is based upon generational change. These owners usually have low debt, have been in ownership for significant periods of time
Rates outlook: Expectations versus reality - by Jeffrey Muñoz
October 25, 2024
As we approach 2025, the commercial real estate (CRE) landscape is poised for a period of increased activity influenced heavily by the expectation interest rates will continue to decline. With the sales slump of 2023 behind us, 2024 has seen an uptick in sales activity. The Federal Reserve decreased the fed fund rate 50 basis
Appeals court reinstates failed restaurant’s elusive breach of implied covenant of good faith and ...
October 25, 2024
Every contract entered into in Massachusetts, be it a lease, construction or employment contract, is deemed under our law to contain the “implied covenant of good faith and fair dealing,” even though
Is it getting better? Commercial real estate tends to move slowly - by Bill Pastuszek
October 25, 2024
In reviewing the year so far, what are some of the factors that are influencing markets? For commercial real estate (CRE), what are some signposts that may help to understand what is in the offing? How is New England doing compared to
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by ...
October 25, 2024
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
O’Brien Commercial Properties leases 8,892 s/f
October 25, 2024
Chelmsford, MA O’Brien Commercial Properties leased 6,392 s/f of medical space at 321 Billerica Rd. Senior associate, Rob McGarry, represented the landlord, Vanderbilt Norwood LLC, and procured the tenant, Clover Behavioral Health.
CBRE arranges sale of 250-unit Quinn35 Apartments in Shrewsbury, MA
October 25, 2024
Shrewsbury, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of Quinn35, a 250-unit, class A apartment community for an undisclosed price.
Cummings Properties signs Lithios to 8,000 s/f lease at 196 Boston Ave.
October 25, 2024
Medford, MA Cleantech company Lithios has graduated from an incubator lab at MIT’s “The Engine,” in Cambridge, to 8,000 s/f of dedicated space. The firm’s new headquarters, situated within Cummings Properties’ 196 Boston Ave. innovation campus, will house its administrative and research and development functions.