News: Connecticut

The Geenty Group brokers $985,000 sale and 1,024 s/f lease

According to Kristin Geenty SIOR, president of The Geenty Group, Realtors in Branford, 65, 67, & 69 South Main St. has been sold. The seller, RPV, LLC, sold the three buildings for $985,000 to Thirteen LLC, and South Main Street LLC which will continue to rent apartments at the property. The buildings consist of 11 residential apartments and 5,000 s/f of vacant space. The sole broker in the transaction was The Geenty Group. The seller's attorney was Philip Parks, Esq. of Branford. The Geenty Group agents involved were William Clark, Kristin Geenty, SIOR and Kevin Geenty, SIOR. In another transaction, The Geenty Group leased a 1,024 s/f office unit at 11 Sycamore Way. The new tenant is Comprehensive Prosthetics Services, LLC. CPS is a locally owned and operated prosthetic and orthotic practice offering innovative solutions and creative designs. Owner John Zenie has over 20 years of experience in clinical practice, specializing in upper extremity prosthetics. The tenant was represented by David Fleischman and the landlord, Gray Eagle Corp., was represented by William Clark, both of The Geenty Group Realtors.
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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