News: Connecticut

The Geenty Group completes two lease deals totaling 12,301 s/f

The Geenty Group, Realtors in Branford leased 10,000 s/f at 14 Business Park Dr., part of a 25,000 s/f flex/office building in the Branford Business Park. Pexagon Technology, Inc. is relocating from Guilford. They will use the space as a facility for the assembly, sale, and service of custom products. The landlord, BPR XIV, LLC, was represented by Bill Clark, while Kevin Geenty, SIOR represented the tenant. In another transaction, The Geenty Group completed a 2,301 s/f lease in The Old Saybrook Business Park which consists of 8 buildings totaling 243,000 s/f occupied by 27 tenants. The new tenant at 20 Research Pkwy. is Reed & Associates, a CPA firm with offices in Manassas, Va. and Tulsa, Okla. Reed's primary business is performing audits for the federal government. Deirdre Reed is the company's president. Kevin Geenty, SIOR, was the sole agent in this transaction,. The landlord is Mill Meadow Development, LLC.
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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