News: Connecticut

Schaffer of Press/Cuozzo leases 11,720 s/f to Prometheus Research

According to Stephen Press, principal of Press/Cuozzo Commercial Services, senior leasing broker Ted Schaffer has completed a long-term lease for a full floor at 55 Church St. Prometheus Research, LLC has signed a lease for 11,720 s/f on the seventh floor. Prometheus has been developing software and offering research informatics services to clients for over ten years. Prometheus Research provides its customers database services with its focus primarily on biomedical and scientific research. Prometheus Research Informatics is used by world-renowned researchers at major universities around the world providing web-based systems for collaboration, information management, and secure access to scientific data. Schaffer represented the landlord and the tenant was represented by Robert Adnopoz of Colliers Dow and Condon's New Haven office. 55 Church St. is a joint venture of The Rose Smart Growth Investment Fund I, LP and Hurley 45-55 Church Street, LLC, an affiliate of The Hurley Group. Schaffer has also been appointed exclusive leasing agent for the property at 475-477 Elm St., West Haven. The Armstrong Complex, a 550,000 s/f warehouse/manufacturing and office facility is situated in a Transit Oriented Development zone with a total of 72,000 s/f available for immediate occupancy. Unit A offers 12,000 s/f and includes 16-ft. ceiling height, 200 amp / 3 phase electrical service, one 14-ft. drive-in door, and two shared loading docks. Unit B offers 60,000 s/f and includes 22-ft. ceiling height, 1200 amp / 3 phase electrical service, one 14-ft. drive-in door, one 14-ft. loading dock and a 5/10 ton crane. Both units are sprinklered and provide grade level access on Saw Mill Rd. The units are available for lease.
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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.
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The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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