News: Connecticut

Geenty Group brokers 6,400 s/f sale of 63-6 North Branford Rd.

According to Kristin Geenty, SIOR 63-6 North Branford Rd. has been sold. Both she and Kevin Geenty, SIOR of The Geenty Group, Realtors represented the seller, Millbrook LP in the sale of a 6,400 s/f light industrial condominium in a complex of three buildings. Robert Dow and his son Jeff Dow of Dow Realty Company in New Haven represented the purchaser, Cambridge America, LLC, which is a light manufacturing and distribution company dealing in electronic connectors and related items some of which are imported from the orient. In another transaction, Kristin Geenty and Kevin Geenty cooperated in leasing 1,200 s/f of retail space at 1283 Boston Post Rd., Westbrook, to Gourmet Connection, a purveyor of high end steaks, kabobs, burgers all individually wrapped and vacuumed sealed. The landlord, Valerie Pettis was represented by Kristin Geenty, while Gourmet Connection was represented by Kevin Geenty. According to Kevin Geenty, 114 East Mill Rock Rd. has been sold. He represented the Colebank family in the sale of the two building light industrial complex for $390,000. The buildings which formerly housed Tantor Media will now be used as the Connecticut headquarters for Geomatrix, LLC, a septic engineering firm owned and operated by David and Elizabeth Potts. Steve Cortese also of the Geenty Group Realtors represented the buyers.
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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