News: Connecticut

Schaffer of Press/Cuozzo Comm'l. brokers 11,000 s/f lease to YNHH

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, senior leasing broker Ted Schaffer has completed a ten-year lease at 2560 Dixwell Ave. The Hamden Professional Center will house Yale-New Haven Hospital's (YNHH) new outpatient facilities that will feature key medical services. YNHH will locate its Laboratory Medicine Patient Draw Station and EKG Station plus relocate the Hamden facility of YNHH Temple Radiology into approximately 11,000 s/f where they will provide diagnostic radiology services, including a state of the art 64-slice CT scanner, for both adult and pediatric patients. Schaffer is the exclusive leasing agent for Hamden Professional Center, LLC, the building's ownership, and was the sole broker in the transaction. There is 7,696 s/f remaining in the 30,000 s/f property which enjoys access to highways, Hamden's Magic Mile, the new middle school and town center.
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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