News: Retail
Posted: January 23, 2014
Charter Realty & Development Corp. signs 21,400 s/f Michaels
Charter Realty & Development has signed a 21,400 s/f Michaels lease in the Torrington Fair located at 1880 East Main St. The Torrington Fair is anchored by Walmart, Price Chopper and Petco. Michaels will occupy the former Circuit City space. The deal was made by Dan Zelson of Charter's Westport office and Todd Lornell of Lornell Realty. The center is now 100% leased, but has the potential for an outparcel to be developed.
Michaels, a Texas-based retailer, carries a variety of arts and craft supplies, including paints, brushes, canvases, scrapbooking materials, beads, wedding supplies, yarns, floral items and more. The store also sells home décor, frames, seasonal merchandise and offers custom framing services. Michaels has more than 1,000 locations nationwide and in Canada.
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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
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
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 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