News: Connecticut

Geenty Group brokers 3,072 s/f lease of four units at 11 Sycamore Way

According to Kristin Geenty SIOR, president of The Geenty Group, Realtors, four units totaling 3,072 s/f have been leased at 11 Sycamore Way. The tenant, Knauth & Visser, LLC, is a distributor for wines of South Africa. The company's recent growth necessitated its moving into a larger space. The tenant was represented by Barry Stratton and the landlord, Gray Eagle Corp., was represented by William Clark, both of The Geenty Group Realtors. The Geenty Group, Realtors also leased 1,300 s/f at 35 Elm St., New Haven in the historically significant Atwater House which dates back to the early 1800s when Senator Atwater was in residence. The new tenant is Ascend Financial Network, LLC, a financial advisory company led by manager Jason Garbus. The landlord is Mercantile Manor, LLC, which was represented by Stratton of The Geenty Group. The tenant was represented by Sarah Wolman of William Raveis, Cheshire office.
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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