News: Connecticut

April

GVA Williams brokers $12.3m sale of 175,864 s/f Liberty Rock Shopping Ctr.; also leases 35,000 s/f to Caraluzzi Mkt. at Eton Ctr. Paret and Godin of Matthews Commercial brokers $2.625m sale of 11,000 s/f retail plaza sold to Peter Christakas Wettenstein and Zakos of Vidal/Wettenstein broker $1.75m sale; Corporate Mailing Services LLC buys 15,550 s/f industrial facility CBRE brokers $23.3 million sale of 8 Farm Springs Rd. to GTJ REIT; 107,654 s/f office bldg. sold by 8 Farm Springs Road Associates, LLC Skanska USA Building completes 37,000 s/f Crate & Barrel store at Blue Back Square John D. Hastings brokers six tranactions totaling 20,818 s/f; includes 5,600 s/f office lease at 53 Rverside Ave., Westport Fellah and Lynch of HK Group sell 10,000 s/f retail center for $1.425m; Westrock Development LLC buys 2115-2135 Boston Ave. Filippakos of Delta Real Estate brokers $12.6 million sale of Crossroads East; 72,925 s/f retail/office complex sold to Anzaroot Acquisitions Inglese of New Haven Group negotiates $12.5m sale of 50,000 s/f medical office building located at 166 Waterbury Rd. Hamm of Sperry Van Ness brokers $5.5 million sale of Wellesley Inn; 181-room inn sold to Diamond Properties Affiliates Arbor closes on $2 million Fannie Mae DUS 3MaxExpress loan to refinance 36-unit Sherwood Commons in New Milford Godin of Matthews Commercial brokers 12,519 s/f $1.2 million sale; 3 Morse Rd. sold to Xal/Xenon Architectural Lighting Mancinone and Horvath of Marcus & Millichap broker $1.85m sale; 13,836 s/f mixed use center located at 1481 Southford Rd. Levey Miller Maretz, LLC brokers four transactions including a 15,500 s/f lease at 1180 Sherman Ave. in Hamden
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Columns and Thought Leadership
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