News: Connecticut

CB Richard Ellis negotiates two new leases totaling 15,000 s/f at 20 Church St.

CB Richard Ellis is having continued success with the lease up of 20 Church St. Following on the heals of the 50,000 s/f Cantor Colburn lease transaction, two new leases were signed recently for 15,000 s/f. Catlin Specialty Insurance Co. has leased 13,222 s/f on the 23rd floor, while law firm, McCoy & McCoy signed a lease for new space on the 17th floor. Combined, the three deals bring total occupancy at the project close to 50%. Patrick Mulready and Alexis Augsberger of CB Richard Ellis represented the landlord, The Hampshire Companies, in both transactions. Mark Coffey of Bailes & Associates in Newport Beach, Calif., represented Catlin Insurance, while Kink Terry, also of CB Richard Ellis, represented McCoy & McCoy. 20 Church St. is a 23-story Class A office building totaling approximately 408,000 s/f. The property is located in downtown Hartford immediately adjacent to the I-84/I-91 interchange. Under The Hampshire Companies' ownership since May 2006, the building is undergoing approximately $6.5 million in base building systems capital improvements. Since taking over the leasing assignment a year ago, CB Richard Ellis has leased over 125,000 s/f in the building
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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