News: Connecticut

Geenty Group brokers three leases in Branford, Milford and Clinton

The Geenty Group, Realtors of Branford represented both the landlord and tenant in the lease of 1,050 s/f of shop space at 67 North Branford Rd. to Vicino Builders, LLC of Guilford. Kevin Geenty, SIOR assisted the tenant in the lease as well Millbrook LP, the landlord. Paul Vicino said that his company will use the space for storage and some fabrication for Vicino Builders Remodeling and Construction In another transaction, Mortgage Consultants of America leased 800 s/f at 136 Research Dr., Milford. Mortgage Consultants of America provides residential mortgages throughout the United States with an emphasis on Connecticut. Bill Clark of The Geenty Group, Realtors represented the landlord, D'Amato Investments, LLC, and the tenant. Shoreline Health and Fitness, Inc., represented by Barry Stratton of The Geenty Group, Realtors, has leased the retail storefront next door to its Clinton facility at 161 West Main St. The owners, Frederick and Linda Bauer, were also represented by Stratton. Shoreline Health and Fitness will use the space to offer expanded classes such as Pilates. The Geenty Group has been selected to market one of the largest distribution/logistics facilities available in a shoreline town in the state of Connecticut. Kent Home Associates, LLC of New York is the owner of the single story rail served 186,000 s/f high ceiling facility at 30 Old Post Rd., Clinton. Kent Home Associates has selected Kristin Geenty, SIOR and Kevin Geenty, SIOR as their marketing agents for the building. The building has 14 fully equipped tractor trailer docks as well as drive in capabilities, and while best suited for use by a warehouse distribution company, it could also be used for many light industrial applications.
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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