News: Connecticut

Fellah and Wood of HK Group close two deals

Main Avenue in Norwalk is home to millions of s/f of office space. With all the daily commuters, it made sense that America's favorite coffee brand would take a former Taco Bell space, complete with a drive thru, at 470 Main Ave. This location is almost directly across the street from the Merritt Parkway's busy corporate park at Exit 40 and shares access with Tutor Time. Franco Fellah and Kerry Wood of HK Group brokered the deal between the landlord and franchisee for this 2,000 s/f space. Westport's Post Road is one of the most sought after retail locations due to its high traffic count and high incomes in the area. Fellah and Wood leased 1,328 s/f at 235 Post Road West to stylist Jessica Ryan. Ryan is moving her business from the Saugatuck area to this space which will give her a strong presence on the Post Road. Neighboring retailers are Via Sforza, Bel Mondo, Around the Rosy, Westport MediSpa, Artee, Capel Rugs, FroyoWorld, and Whole Foods. HK Group is located at 253 Riverside Ave. in Westport, and has been serving the greater Connecticut market for 26 years.
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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