News: Connecticut

Griffin Land completes 29,000 s/f lease extension at 7 Waterside Crossing

According to Griffin Land, Raytel Cardiac Services, Inc., a subsidiary of Philips, has renewed its lease at 7 Waterside Crossing. The lease extension is for the entire third floor of the building. Raytel has been a tenant in the building since 1993. "We are pleased that Raytel has chosen to remain as part of our growing tenant community," said Tim Lescalleet, senior vice president of Griffin Land, the building's owner. "Raytel has been a long term tenant with Griffin, and we look forward to many years more." 7 Waterside Crossing is an 80,500 s/f first-class office building located within Griffin Center, a 600-acre master business park that was planned and developed by Griffin Land. The park is accessed from exits 37 & 38 off I-91; just south of Bradley International Airport. This year, Griffin Land has welcomed Great American Insurance to its portfolio of tenants within Griffin Center.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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