News: Connecticut

1000 Bridgeport Associates signs four new leases totaling 22,549 s/f

According to 1000 Bridgeport Associates, LLC, a joint venture of Abbey Road Advisors, LLC, Westport and The Praedium Group in New York City, four new leases have been completed at its 134,000 s/f building at 1000 Bridgeport Ave. ITT Water & Wastewater USA, Inc., an international manufacturer and distributor of fluid handling technology, leased 12,867 s/f with the tenant represented by Kevin Foley of Cushman & Wakefield and the landlord represented by Sue Dengenis and Sean Cahill of CBRE. HealthPlan One, an online health insurance brokerage, renewed a lease for 5,254 s/f, represented by Judd McArthur of CresaPartners. The building owner was represented by Foley and Torey Walsh of Cushman & Wakefield. Spectraguard Acquisition, a provider of security services, leased 2,599 s/f with the tenant represented by Judd McArthur of CresaPartners. The building owner was represented by Foley and Walsh. Logic Technology, LLC, an IT consulting company, leased 1,829 s/f. Both landlord and tenant were represented by Walsh.
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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