One year later and the real estate market has defied expectations and flourished - by David Widmann

We opened our appraisal forecast last year with “Appraisal experts foresee a strong 2020 for the appraisal industry”. Two weeks later the COVID-19 virus “in essence” shut down the world! I remember adding in a COVID paragraph after the final draft had been approved

Let the good times roll again. Let’s all go out to eat tonight. - by Dennis Serpone

I think that we’re all taking that long awaited ‘sigh of relief’ with the governor announcing that all COVID-19 restrictions will be lifted by June. But much like viewing old World War II movies and the destroyed buildings of England

Industrial and multi-family markets are alive and well, jury still out on retail, office and construction - by William Norton

Eight weeks after vaccination (I had the J&J one-and-done), things are opening up. Despite a cool spring so far, there is much activity in the office and away from work, I have played 13 rounds of golf, walking and carrying. Tuesday night league and Thursday day league

Warehouse space in the I-495 market: Growth seems to have no end in sight - by Nate Nickerson

The industrial warehouse market has seen incredible rent growth during the COVID-19 pandemic. Rent growth for the I-495 market is up 8% from Q2 2020. Market rent was averaging $8.63 per s/f NNN in Q1 2020 and is now averaging $9.32 per s/f NNN towards the end of Q2 2021.

Resort destination hotels first to improve and that trend will continue as state mandates are eased - by Earle Wason

What a difference a few months have made since my last article for the New England Real Estate Journal in January 2021. Our brokerage business has been as active as I have seen for a long while. My firm, Wason Associates, has had a business model unlike many other hotel brokerage firms and it

Kennedy Funding closes $1.3 million loan for industrial property in Western Massachusetts

Holyoke, MA Kennedy  Funding has closed a $1.3 million loan to Hampden Papers, Inc. Proceeds from the bridge loan will be used as working capital for the borrower’s property, located at 100 Water St.

Industrial market will stay very active, as e-commerce continues to accelerate - by William Low

Coming out of the pandemic, the economy is continuing to recover. Western Mass. saw an unprecedented amount of activity in the industrial sector over the last year with sale prices rising and lease rates nearly doubling for smaller facilities.

Greater Springfield offers attractive labor pool, excellent highway accessibility and developable land - by John and Jack Reed

After a slow start in the beginning of 2020, the Greater Springfield industrial market has experienced consistent, positive growth in recent quarters, though future growth is limited by the lack of quality inventory. Rents were steadily increasing through Q1 2021,

Naismith Memorial Basketball Hall of Fame hosts ribbon cutting following $25m renovation of museum

Springfield, MA The Naismith Memorial Basketball Hall of Fame hosted a ribbon cutting ceremony following its $25 million museum refurbishment which launched in 2017. The museum had been closed to the public for a period of time due to the COVID-19 pandemic,

Westmass helps identify and manage all aspects of the economic development process - by Jeffrey Daley

The Westmass Area Development Corporation (Westmass) is an experienced, private not-for-profit industrial and business development corporation created to promote and assist business growth in western Massachusetts. Westmass accomplishes