News: Retail

Colonial Properties brokers six deals totaling 6,050 s/f

According to Mike Richetelli, president of Colonial Properties, Inc., the firm has completed six transactions. Fred Messore, senior vice president was the sole broker in negotiating three deals at Highwood Square, 953 Dixwell Ave., Hamden, totaling 2,500 s/f, including a dental office and insurance office. Frank Greco has negotiated a two-year lease for 800 s/f of retail space at 253 Naugatuck Ave., Milford located in Aldario's Plaza to Coastal Canine Grooming, LLC. Greco was the sole broker for his representation of the landlord. Brita McGee has negotiated a three-year lease for 2,000 s/f of 2nd floor retail/office space located at 263 Boston Post Rd., Orange, to Sun West Mortgage. McGee represented the landlord and Dick Brown of Remax Right Choice, represented the tenant. McGee and Greco negotiated a lease for 750 s/f of retail space at 973 Boston Post Rd., West Haven, to Sangam Beauty Salon. McGee and Greco were the sole brokers in this transaction. Greco and Mike Boyarsky have facilitated the sale of Shoreline Laundromat located at 20 Alps Rd., Branford. Greco and Boyarsky were the sole brokers in the transaction for their representation of the seller. Colonial Properties, Inc. is a full-service commercial real estate brokerage firm handling all types of commercial and investment real estate transactions including the sale and leasing of retail, industrial, office and investment properties, as well as brokering land and business sales.
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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