News: Connecticut

Geenty Group brokers $900,000 sale of 10,800 s/f at Greystone Pk.

The Geenty Group, Realtors of Branford represented both the seller and the buyer in the sale of 10,800 s/f of commercial condominium space on Nod Rd. The seller was MJM Self Storage of Clinton and the buyer is MCGrady 141 Real Estate Investments. Known as Greystone Park, the development totals 17 units. The seller's agent was Kristin Geenty, SIOR, president of The Geenty Group, Realtors, while the buyer was represented by Kevin Geenty, SIOR. One of the buyer's operating companies plans to occupy a few of the units purchased after a major reconfiguration and renovation. The purchase price was just under $900,000. In another transaction, Panish Controls of Bridgeport leased two units totaling 1,600 s/f at 205 Research Dr., Milford. Panish Controls does service work on marine control systems in addition to general sales and support. Bill Clark of The Geenty Group, Realtors represented the landlord, D'Amato Investments, LLC, while Laura Carolla of Prudential CT Realty of North Haven represented the tenant.
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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