News: Connecticut

Newman and Zaccagnino of Malkin Properties represent the landlord in 15,000 s/f lease

MKM Partners LLC has leased 15,000 s/f of space at 300 First Stamford Place, according to Jeffrey Newman, executive VP of Malkin Properties, the marketing and management agent for the building. MKM Partners' lease is for a term of seven years. "The high-quality amenity package, superior and stable ownership, and proximity to the Stamford Transportation Center were key factors for my client," said Newmark Knight Frank's (NKF) Brian Carcaterra, who represented MKM Partners. "However, I would be doing the deal a disservice if I did not mention the exceptional proposed office layout to be built by Malkin Construction, the outstanding views of Fairfield County's financial corridor, and the incomparable value that a long-term relationship with Malkin Properties has to offer." "First Stamford Place offers direct accessibility to adjacent interstate highways and mass transit systems, which is vital for those tenants, such as MKM, who maintain an office presence in Manhattan and whose employees and clientele depend upon quick and easy access into and out of Manhattan," said Newman. "Companies seeking trophy office space in the Fairfield and Westchester County suburbs appreciate the convenient locations and unmatched quality of our buildings. We are delighted that MKM Partners has decided to join the prestigious First Stamford Place tenant roster." Newman and Malkin senior leasing associate Kimberly Zaccagnino represented the landlord. Brian Carcaterra and Paul Gojkovich of NKF represented the tenant.
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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