News: Connecticut

Malkin Properties leases 16,600 s/f to Acosta Mosaic Group

Acosta Mosaic Group (AMG), a leading consumer packaged goods marketer, has leased 16,600 s/f for its new headquarters at Malkin Properties' MerrittView, according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building. AMG will consolidate its current offices in Wilton and Darien, Conn. in the new space, on MerrittView's seventh floor. Malkin Construction will build out the facility, which is under lease through 2020. "We were looking to relocate within the suburban Connecticut market, preferably at a single, convenient location that could accommodate the growing business of our two existing local offices," said Aidan Tracey, president of AMG. "MerrittView's quality, range of amenities, and proximity to major highways and mass transit persuaded us that it's a great place for our new regional office, and will enhance our presence in the area." Newman, senior leasing associate Kimberly Zaccagnino, and leasing associate Tara Long represented the landlord in this transaction. The tenant was represented by Steve Crowley of SCA Commercial Real Estate and Bill Knight of Transwestern.
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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