News: Connecticut

Geenty Group brokers 3 leases totaling 8,398 s/f

Berek Enterprises, LLC, d/b/a United Financial Services, represented by Barry Stratton of The Geenty Group, Realtors of Branford and Robert Tillsley, SIOR of McBride National Services of New Jersey, has signed a long term lease of 1,798 s/f at 709 Campbell Ave., West Haven. The lessor, York Business Center, LLC, was represented by Mark Glassman of Arnold Peck's Commercial World of Milford. United Financial Services Group is a national company headquartered in Philadelphia with franchisees throughout the United States offering check cashing and other financial services to the public. In another transaction, Coastal Mechanical Systems, LLC of Centerbrook leased 6,000 s/f of a 24,000 s/f building at 35 Industrial Park Rd., Centerbrook. Coastal Mechanical Systems, LLC will be using the space for HVAC duct manufacturing and distribution. Bill Clark of The Geenty Group, Realtors represented both the landlord, Carroll Properties, LLC, and the tenant. Still available for lease at the same site is one more 6,000 s/f industrial unit. The Geenty Group Realtors also leased a 3 room office suite totaling 600 s/f at 189 Middlesex Ave. (Rte. 154), Chester. The listing agent is Kristin Geenty, SIOR who represented the landlord, Pettis Properties, LLC, while the tenant, Pondview Construction, Inc., was represented by Kevin Geenty, SIOR. Pondview Construction, Inc. will use the space as a field office while the Rte.154 bridge over the Pattaconk River is being replaced.
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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