News: Retail

GHP Office Realty signs five leases totaling 10,568 s/f at Tower Plaza

GHP Office Realty, LLC, a substantial owner and manager of commercial properties in both Fairfield and Westchester Counties completed the signing of five leases totaling 10,568 s/f at 120 New Canaan Ave., a 25,000 s/f, neighborhood strip center at Exit 38 off of CT-15 and Exit 2 on US-7. This absorption of space brings the center to 100% occupied. Kelly Houlihan-Buckley and Meghan McEvoy, of GHP Office Realty, represented the owners on the following deals: * Brightview at Norwalk Assisted Living Center has signed a lease for 3,420 s/f to use as a showroom to market available units at their Assisted Living Center which will be located at 162 New Canaan Ave. * A&S Fine Foods of Norwalk, a traditional Italian specialty store with a wide Variety of products and services signed a long-term renewal for their 1,973 s/f retail space. * Café Madrid, a Spanish Tapas and Wine Restaurant signed a long-term renewal for their 2,315 s/f restaurant. * La Bella Salon signed a long-term renewal for their 1,200 s/f salon. * State of the Art Cleaners has signed a long-term renewal for their 1,660 s/f store. The property is currently 100% occupied and the tenants are benefiting from a $200,000 capital improvement project that the landlord has just completed.
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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