News: Connecticut

Geenty Group brokers three leases totaling 14,304 s/f

Kevin Geenty, SIOR, vice president of The Geenty Group, Realtors, has leased 12,000 s/f at 4 Business Park Rd., a free standing masonry office building in The Old Saybrook Business Park. Infiltrator Systems, Inc. plans to use the building for its corporate headquarters. The building is undergoing full renovations including full replacement of all HVAC units prior to ISI's occupancy in the 4th quarter of 2011. Infiltrator Systems manufactures fiberglass and plastic infiltrator systems for septic and storm water applications. They manufacture at several plants in the south. Norma Burns is the vice president at the corporate headquarters in Old Saybrook. Geenty was the sole agent in the transaction. Peter Sorokin, Esq. of Rogin Nassau represented the tenant. A. Raymond Madorin, Esq. of Farmington represented the landlord, Mill Meadow Development, LLC. Bill Clark, senior vice president of The Geenty Group, Realtors, leased a 1,536 s/f unit in a multi-tenant facility at 11 Sycamore Way, Branford. The tenant is Michael Vlock. He plans to use two 768 s/f units in this warehouse space mainly for storage. The landlord is Gray Eagle Corp. Clark was the sole agent in this transaction. In another transaction, Clark leased another 768 s/f unit in the multi-tenant facility at 11 Sycamore Way. The tenant is Daytona Haven, LLC. Owner Raymond Voo will be using the space for the storage of building material. Clark was the sole agent in this transaction.
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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