News: Connecticut

May

Reilly of Levey Miller Maretz brokers $2.75m sale of 12,000 s/f building; Torello Enterprises sells 1651 Boston Post Rd., Milford Whipple of NorthMarq arranges $2.9m loan for 41,996 s/f complex for 50 Miry Brook LLC through Stancorp Mortgage Investors Francis T. Zappone Company sells 85-bed convalescent home for $900,000 to Barberi Development Company Kirby of Lyman Real Estate brokers 20,000 s/f office lease; Conair of Pequot Commercial represents tenant Riccio of CBRE Melody secures $8.275m loan for Additon Mill Apartments, a 70,000 s/f historic mill conversion in Glastonbury Brien of GVA Williams leases 1,190 s/f to Benefit Cosmetics at 18 Elm St., Stamford Chozick and Perkoski of Chozick Realty completes $500,000 sale at 32 Elm St., Vernon sold to W&K Associates Godin of Matthews Commercial brokers $725,000 sale of 11,300 s/f industrial facility; JRD Props. buys 146 Huntingdon Ave., Waterbury Citibank leases 30,590 s/f at W&M's 200 First Stamford Place for its Citigroup Global Wealth division HQ McCormick and Mulready of CBRE negotiate 12,427 s/f lease for Ironshore Insurance Holdings in Simsbury Colliers Dow & Condon brokers three lease transactions totaling 67,154 s/f; includes 10,000 s/f lease to Midwest Medical Supply Fugitt of John D. Hastings brokers four Westport leases totaling 5,234 s/f; includes two leases at 830 Post Rd. East New England Retail Properties signs Aspen Dental to 3,104 s/f at Gateway Plaza in Manchester anchored by Walgreens HK Group's Lynch sells two Bridgeport properties for $340,000; Harris of HK Group leases 1,490 s/f to Zieman Engineering
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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