News: Connecticut

Geenty Group brokers 2,440 s/f lease at 67 North Branford Rd.

Kevin Geenty, SIOR and Kristin Geenty, SIOR both of The Geenty Group, Realtors represented Millbrook LP in the leasing of 2,440 s/f of office/flex space in Millbrook's three building multi-tenant business park at 67 North Branford Rd. (Rte. 139). The tenant, New Haven Construction Corporation, was represented by Steve Montesano of Montesano Real Estate. New Haven Construction Corporation specializes in building single family homes throughout Connecticut and currently has two developments underway in both New Haven and Hartford. These new homes in urban settings are available to first time buyers and others with special financing offered through state and city programs. In another transaction, Bill Clark also of The Geenty Group, Realtors facilitated in the leasing of 800 s/f at 282 Woodmont Rd., Milford. Clark represented both the landlord, D'Amato Investments, LLC, and the tenant, Timothy Hanson. Hanson will be using the space for storage of heating and air conditioning supplies and parts. The Geenty Group, Realtors also assisted in the rental of 10,500 s/f at 2 Commerce Dr., North Branford. Kevin Geenty, SIOR represented the tenant, Company, Brook & Whittle, Ltd., while Bill Wiehl, Jr. of Colonial Real Estate Company represented the landlord, Wiehl Properties, Inc. Brook & Whittle, Ltd. is a high quality printing firm which will use the leased space for storage of finished products.
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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