News: Connecticut

Goldschmidt & Associates and CBREco-broker 23,160 s/f office lease

Eric Goldschmidt, senior partner at Scarsdale, N.Y.-based Goldschmidt & Associates represented Freepoint Commodities, LLC in its 23,160 s/f lease transaction at 5 Greenwich Office Park. Representing the owner, a subsidiary of ING Clarion Partners, were David Block and Michael Siegel of CBRE. Freepoint Commodities was formed in late 2010 by the founders of Sempra Energy Trading, the predecessor to RBS Sempra Commodities, and a leading commodity trading firm during the past two decades. Private equity funds managed by Stone Point Capital, also based in Greenwich, together with Freepoint Commodities' management team have provided the initial capital for the company. Goldschmidt was assigned by Freepoint Commodities to find an A+ property in a top location to house its trading floor and ancillary offices. Greenwich Office Park was ultimately chosen because of its flexibility for expansion, its amenities, and easy access to I-95, the Merritt Pkwy., and Greenwich Train Station. The Freepoint Commodities lease is the second major Fairfield County office lease negotiated by Goldschmidt. Recently, Goldschmidt represented Stark Office Suites, in its 11,473 s/f space on the Penthouse Level of the Stamford Marriott.
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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