News: Connecticut

Griffin Land completes 304,200 s/f build-to-suit facility for Tire Rack, Inc.

Tire Rack, Inc., a national distributor of performance tires and related products, opened its new warehouse and distribution center recently. Developed and built by Griffin Land, the 304,200 s/f facility sits on 58 acres within New England Tradeport at 100 International Dr. The facility also has all site approvals in place to grow to 450,000 s/f. As a large scale project with a tight timeline, the Tire Rack, Inc.'s distribution center demanded both an optimal site and an expert developer receptive to the challenge. New England Tradeport, a premier 600-acre master planned business park, accommodated the project's scale, with Griffin Land providing the client build-to-suit expertise, project turnaround, and subsequent property management. New England Tradeport is located in Windsor and East Granby with access to I-91 and nearby Bradley International Airport.
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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