News: Connecticut

Cushman & Wakefield leases 4,489 s/f to Online Trading Academy

According to Cushman & Wakefield, Online Trading Academy Norwalk has relocated to a 4,489 s/f office at 488 Main Ave. Online Trading Academy is a global leader in the financial education industry. Cushman & Wakefield's leasing team led by Steve Baker, executive director; Adam Klimek, director; and Bill Montague, associate director; represented the landlord, Edgewood Capital Advisors. The tenant was represented by Stephanie Coleman, formerly of Cresa Real Estate. "488 Main Ave. is now 90% leased," said Klimek. "I attribute that to Edgewood Capital's responsive and hands-on management approach. Their capital improvement program transformed the property into a unique, boutique office building with the most competitive rents on the Rte. 7/Merritt Pkwy. corridor. When combined with the building's location and high parking ratio, 488 Main Ave. is the value alternative in the class A office market in this area." 488 Main Ave. is a 36,000 s/f office building located just off the Super 7 Connector in Norwalk. Conveniently situated in the heart of Norwalk's Rte. 7 commercial district, the facility boasts easy access to both the Merritt Pkwy. and I-95.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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