News: Connecticut

Musilli and Weiner of RHYS Comm'l. broker 18,323 s/f lease

Jump!Zone, an indoor children's entertainment facility filled with obstacle courses, inflatables and giant slides, has leased 18,323 s/f of prime store space in Waterbury's busy retail hub in what is believed to be the area's largest retail space transaction during the past year. This will be the company's third location in the New York tri-state region. Dominick Musilli, an executive vice president at RHYS Commercial and head of its Retail Division, and associate Michael Weiner, represented the landlord, Lakewood Road Investments LLC, in the long-term lease transaction. Jump!Zone expects to open its newest store this month at 855 Lakewood Rd., a highly trafficked shopping district featuring several major shopping centers: Mattatuck Plaza, Waterbury Plaza and Naugatuck Valley Mall. "In what has to be one of the most challenging periods faced by retailers in recent history, Jump!Zone's lease is a great sign of optimism for the Waterbury retail market. The company is a great example of how to creatively use the glut of vacant big box spaces that are currently available," said Musilli.
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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