News: Connecticut

June

French of Sperry Van Ness completes $19.165m sale of School Street Square; 147,258 s/f retail center sold by Woodgreen East Hartford, LP Keogh of Colliers Dow & Condon brokers 40,000 s/f office lease at 38 Wellington Rd., Milford to State of Connecticut Gordon and Schwartz of Levey Miller Maretz broker $171,000 sale; Connecticut Management LLC sells 267 Center Street LLC The Pinnacle at Merritt 8 undergoes transformation; Leary of Cushman & Wakefield agent for vacant 60,000 s/f Foote of O,R&L leases 19,573 s/f to Volvo Aero Connecticut, LLC; industrial space located at 140 Production Court Hampshire Partners Funds VII acquires 614,600 s/f industrial/warehouse building in Newington Business Park GKV Architects begins construction on 10,000 s/f space for CitationShares for new offices and training rooms in Greenwich Vidal/Wettenstein and Arnold Peck Commercial cobroke $1.4 million sale in Milford The Geenty Group brokers 2,800 s/f in two lease transactions; Ancestral Coffee takes 1,600 s/f and Steady Photography, 1,200 s/f Ranieri of NorthMarq arranges two mortgage loans in Connecticut totaling $7.1m McCormick and Mulready of CBRE negotiate 30,544 s/f $4.15m sale at 99 Ash St., Hartford sold to ABC Real Estate Albert D. Phelps renews/expands lease for EMCOR to 38,650 s/f at Merritt 7 Corporate Park; C&W represents lessee Kirby of Lyman Real Estate brokers two transactions totaling 8,000 s/f for Environmental Fire Protection and Better Sleep Godin of Matthews Commercial sells two buildings totaling $510,000 at 1219 Chase Pkwy. and 572 Middlebury Rd.
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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