News: Retail

Kensico Properties leases 4,000 s/f to JP Morgan Chase Bank

JP Morgan Chase Bank has signed a 10-year renewal space at Pickwick Plaza 3A two years before its current lease expires. Located in a 4,000 s/f, multi-level space in the renowned complex owned by Kensico Properties and managed by Hines, it sits directly on Greenwich Ave. near Post Rd., with the main entrance just inside the plaza. Moreover, it is one of the busiest branches in the Greenwich area, offering such customer benefits as onsite parking and immediate access to the city's prestigious shopping corridor. "This is a particularly vital section of Greenwich with major foot traffic and shoppers driving in from the surrounding areas," said Alan Zimmerman, executive vice president of Kensico Properties. "Pickwick Plaza has the advantage of being one of the few class A office properties in the center of town with on-site parking to accommodate valued tenants like Chase and its customers."
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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