News: Retail

RHYS Commercial completes 16th lease on behalf of Pet Valu

RHYS Commercial, a full-service commercial real estate firm, has signed its 16th lease on behalf of Pet Valu, a specialty retailer that sells high-quality pet supplies, with an additional six locations in progress including four in Rhode Island. RHYS partner and head of retail leasing, Jason Wuchiski, and vice president Tyler Lyman, have been working to introduce Pet Valu into new U.S. markets since March 2013. RHYS is currently looking to secure new Pet Valu locations in Connecticut, Rhode Island and Westchester, Rockland, Orange, Putnam and Dutchess counties in New York and will serve as the retailer's exclusive broker moving forward. "Our team at RHYS has worked diligently with Pet Valu from beginning to end to open each new location," said Wuchiski. "We provide a comprehensive service - from researching markets, presenting a development plan and executing leases - in order to secure the best possible sites for this brand." Pet Valu opened its first Connecticut store on April 16, 2013 at Copps Hill Plaza on Danbury Rd. in Ridgefield and the organization currently holds leases in Stamford, Norwalk, Trumbull, Old Saybrook, Vernon, Darien, Guilford, Newington, Southbury, Cromwell, West Harford, Avon and Rye Ridge, N.Y.
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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