News: Connecticut

O,R&L Commercial leases 5,162 s/f

North Haven, CT O,R&L Commercial, LLC completed the lease of 5,162 s/f of office space at 556 Washington Ave. Toby Brimberg of O,R&L Commercial in Branford represented the landlord, 556 Washington Ave., LLC who purchased the building in 2015. The landlord recently spent more than $250,000 on tenant and overall building improvements. The 15,700 s/f building is now fully leased.

The new tenant, Aware Recovery Services, Inc. was represented by John Proto of Coldwell Banker Commercial. Aware Recovery Services, Inc. (dba Aware Recovery Care (ARC)) are healthcare professionals who, working with addiction specialists, have leveraged their extensive professional experiences to build a ground-breaking, research tested, at-home approach to drug and alcohol addiction care built on the visiting nurse model. Their approach creates results that are significantly greater than the national average.

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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