News: Front Section

Galvin of Pearce Real Estate arranges two leases totaling 5,200 s/f

According to Barbara Pearce, CEO and president of Pearce Real Estate, Joel Galvin, GRI, CCS and senior commercial associate, has negotiated two leases. Coastline Construction, formerly of Madison, leased 4,000 s/f at 57 East Industrial Rd. At the second facility, 4 Sycamore Way, The Friends of the Blackstone Library leased 1,200 s/f where it will receive and store books. At both locations, Galvin represented both the new tenants and the landlord, RCR Enterprises, LLC. "We are very proud of Joel Galvin, who has been inducted into the Pearce Company's prestigious President's Circle, is a consistent member of the Multi-Million Dollar Club, and recently was named a Top Producer for the first quarter of 2015," said Pearce. "His work ethic and dedication to clients are evident, and an excellent example to our young recruits in the commercial business," she added. Galvin joined the Pearce Real Estate in 1989 after a lengthy career owning and operating a major retail/construction business with locations in Orange, Westport and Old Saybrook. He specializes in the sales and leasing of office, industrial, commercial and investment properties in New Haven County and the Shoreline area. He also often acts as a buyer/tenant representative, where he covers all of Connecticut, assisting clients in their search for particular properties. He is a member of the Connecticut Association of Realtors, past president of the Commercial, Industrial Division of the New Haven Board of Realtors where he was a member of the Professional Standards Committee, chairman of the By-laws committee and member of the Education Committee of the Shoreline Board of Realtors. Galvin has been a director of the Guilford Chamber of Commerce for nine years and is currently an Ambassador with the New Haven Chamber of Commerce. Pearce Real Estate is a full-service real estate company with more than 100 agents and eight branch offices in greater New Haven and the Shoreline. Commercial Real Estate offices are located in North Haven, Milford and Rocky Hill.
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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