News: Connecticut

Empire State Realty Trust leases 10,842 s/f at 100 First Stamford Place

Empire State Realty Trust, Inc. (www.empirestaterealtytrust.com), one of the leading real estate investment trusts with office and retail properties in Manhattan and the greater New York metropolitan area, has leased 10,842 s/f at 100 First Stamford Place to American Express Travel Related Services Company, Inc. American Express will relocate from 400 Atlantic St. to its newly built offices at First Stamford Place this summer. First Stamford Place is a three-building, 784,160 rentable s/f office complex adjacent to the Stamford Transportation Center, providing tenants with immediate access to Metro North and I-95. "We are pleased to welcome American Express to our roster of prestigious tenants, who value First Stamford Place's convenient location and top-tier services and amenities," said Jeffrey Newman, senior vice president of Empire State Realty Trust and its affiliates. Newman represented the landlord in the transaction, along with senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long. Sean Cahill and Jim Silberfein of CBRE represented American Express.
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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