News: Connecticut

CresaPartners LLC forges alliance with Savills

CresaPartners LLC, one of North America's largest tenant representation firms, has formed a strategic alliance with international real estate advisor Savills, an arrangement that will allow CresaPartners and Savills the ability to provide service to international clients in North America, Europe, and Asia Pacific. Savills plc is a global real estate services provider listed on the London Stock Exchange. The firm has an international network of more than 200 offices in 40 countries and offers a broad range of specialist advisory, management and transactional services to clients all over the world. Savills has ranked number one in the real estate sector in the UK for eleven years, in a turnover survey by trade publication Estates Gazette and ranks fourth in the European and Global categories. CresaPartners comprises over 55 offices across North America with over 750 employees. Headquartered in Boston, it was formed in 1993 when leading regional tenant representation firms joined forces. Together, Savills and CresaPartners will have a global alliance of over 250 offices and 22,350 employees. "This alliance will allow us to provide client service seamlessly across global markets," said Bill Goade, CEO, CresaPartners. "North American clients continue to expand into Asia Pacific and Europe, and Savills' extensive platform of offices and expertise in these markets will provide significant benefits for our clients." "I just returned from our International Spring Meeting in San Diego where over 325 CresaPartners advisors explored ways to better service our global clients using the Savills platform and the local connections in world wide markets," said Jeffrey Gage, managing principal of the Norwalk office which provides corporate real estate services in Westchester and Fairfield Counties.
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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