News: Connecticut

Scafati of Press/Cuozzo leases 10,000 s/f to H. H. Perkins

According to Stephen Press, SIOR of Press/Cuozzo Commercial Services, Albert Scafati, senior commercial advisor has leased 10,000 s/f of commercial and industrial space at 370 State St., a 35,000 s/f multi-tenanted industrial/flex building. Scafati, the sole broker in the 10-year transaction and the exclusive leasing agent for the building, said that with the completion of the H. H. Perkins lease, the building is now approximately 50% leased. The building currently has 16,000 s/f available. The new tenant, H.H. Perkins, has been in business since 1917, and has been a family-owned and operated business for three generations. The company offers a full line of quality seat weaving and basketry supplies along with an in-house furniture repair and restoration division. Window treatments and rattan/wicker furniture are also available. Scafati represented the landlord, The Hurley Group, and the tenant, H.H. Perkins Company.
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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