The Greater Springfield Industrial Market experienced steady sales and leasing activity through 2024. The first three quarters were filled with uncertainty due to the election and the uncertain direction of interest rates. 2024 concluded with optimism due to increased market activity and transactions.
Boston, MA Kripper Studio completed the design and implementation of several improvements at Northeastern University’s West Village G Student residences. Shared amenity spaces, classrooms, the main entrance, and other access points received a comprehensive refresh as well as the introduction of greater energy-saving efficiencies.
The 2025 Women in Construction Spotlight in the New England Real Estate Journal is set for release on February 28th, in honor of Women in Construction Week (March 2-8). This special issue will spotlight the incredible women and women-owned firms making a lasting impact across the A/E/C industry
What noteworthy transactions or deals from this year best exemplified key market trends or shifts?
The greater Boston commercial real estate market’s shift toward clean tech and tough tech reflects the region’s thriving innovation ecosystem
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?I helped several review clients create more robust appraisal quality control programs, allowing them to improve appraiser selection and appraisal administration policies
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Although I was involved with several noteworthy transactions in the past year, the most notable was the sale of the 51,000 s/f production facility
What noteworthy transactions or deals from this year best exemplified key market trends or shifts?
We did more office leasing than any other property type. A 32,000 s/f lease in Springfield and 8,500 s/f lease in Westfield, most notable.
What emerging trends will drive investment and development in 2025? With the new administration coming in 2025 the commercial real estate market will evolve back to a somewhat normal landscape. Over the last few months buyers and tenants were putting off big decisions,
What noteworthy transactions or deals from this year best exemplified key market trends or shifts?
We recently completed the sale of several regional shopping centers in New England, including the North End Shops at Livingston Park in Manchester, NH, and Aldi-anchored center in Waterford, CT, and Harwich East Plaza in Harwich, MA.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?
We are very proud that we were able to publish “The 1031 Exchange Times” as the first newspaper dedicated to providing expert and actionable information directly to 1031 exchange investors.