News: Connecticut

January

Dunne, Longo and Holtz of CB Richard Ellis arrange $294.4 million portfolio sale; 1,485,235 s/f bldgs. in Norwalk and Minneapolis Harvath and Mancinone of Marcus & Millichap sell 3 bldgs. for $1.71m located at 488 Chapel St., 357 Whalley Ave. & 808 Chapel St. HK Group and GVA Williams broker $5.575 million retail sale; Haja 21, LLC sells 2,359 s/f property to 21 Main Street, LLC Windsor Mgmt. Co. brokers six leases totaling 44,045 s/f at Westside Village Center; 530 Hayden Station Rd., 256 Main St. Colonial Realty negotiates nine transactions totaling 269,935 s/f; includes 136,000 s/f to Emsar Inc. at 125 Access Rd., Stratford R. D. Scinto, Inc. breaks ground for Victorinox Swiss Army's 166,000 s/f headquarters in Monroe Schaffer, Scafati of Press/Cuozzo complete $600,000 industrial sale; 10,000 s/f located at 15 Hamden Park Dr. Keefe of HK Group brokers $20.7m sale of two adjacent office buildings; Celestial Capital Group, Inc. sells 90,000 s/f property Musilli of GVA Williams handles $4.8m deal at 917 Bridgeport Ave. to AvalonBay Communities from Cranberry Hill LLC McCormick, Mulready, Kocsondy, Fegan of CBRE negotiate $31.1m sale; Stanulis of Colliers Dow & Condon represents buyer Charter Realty & Development Corp. signs HomeGoods to 38,000 s/f at Westport Plaza with Walgreens and Pet Supplies Plus NorthMarq Capital arranges $1.75m acquisition financing for 40,500 s/f Dewart Art and Business Center Davis Marcus Partners preleases 57,000 s/f to Louis Dreyfus Corp. at Wilton Corp. Pk.; Albert B. Ashforth, Inc., leasing agent Hillyer Commercial and Pequot Commercial co-broker $385,000 sale; 9,000 s/f building sold to Bosswell Realty LLC
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Columns and Thought Leadership
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