News: Connecticut

Choyce Peterson negotiates 26,600 s/f lease for D&B's Market Data Retrieval

Choyce Peterson, Inc. has negotiated a new 26,600 s/f lease for Market Data Retrieval, a D&B Company, at 6 Armstrong Rd. Robert Hopper, vice president of Choyce Peterson, represented MDR in its search and lease negotiation. "This is a great move, saving us 20-25% in our annual operating costs," said Fady Khairallah, president and general manager of MDR, one of the leading U.S. providers of marketing information and services for the education market. "We continually expand the use of technology in our business - from our transactions and fulfillment, to communication with customers, to the products we sell. As a result, we've been able to streamline our space needs for housing hardware, fulfilling product and managing data, and at the same time, expand our team to focus on customer support and growth opportunities. Bob Hopper was able to quickly understand our specific requirements and translate that into an effective action plan. His experience and understanding of the local market and its players provided the intelligence we needed to identify the right location, terminate our existing lease and negotiate an excellent package," Khairallah said. Tom Pajolek of CBRE, represented The Fusco Corporation in the negotiation.
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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