News: Connecticut

Newman of Malkin Properties renews 10,000 s/f lease at MerrittView for Symphony IRI Group

SymphonyIRI Group, one of the nation's ten largest market research companies, has renewed its lease at Malkin Properties' MerrittView, according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building. The tenant, which has occupied its 10,000 s/f space on the sixth floor since 1996, has renewed six months early and will remain in the trophy building for another five and a half years. "Our company has seen many changes and has evolved a great deal during our tenure at Merritt-View," said Chris Caponigri, vice president of Corporate Services at SymphonyIRI. "As our latest lease term approached its end, whether or not to renew barely required discussion. With its convenient location and amenities package, we hope to remain at MerrittView for many years to come." Newman represented the landlord in the transaction. The tenant was represented by John Ryan and Paul Tortora of Jones Lang LaSalle.
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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