News: Connecticut

The Geenty Group leases 3,000 s/f office/retail building in Guilford and 800 s/f industrial unit in Branford

Barry Stratton of The Geenty Group, Realtors, has leased a 3,000 s/f office/retail building at 23 Boston St. located on the Guilford Green formerly known as The Mary Lou Fischer Gallery. The new tenant is attorney Thomas Crosby who specializes in civil trials including personal injury, commercial litigation and property disputes. The building will be shared with John Pakutka FACHE of The Crescent Group. The landlord in the transaction, The Page Family Trust, was represented by Kevin Geenty, SIOR and Kristin Geenty, SIOR. In another transaction, Mr. Handyman of New Haven County Shoreline, represented by Bill Clark of The Geenty Group, Realtors, has leased an 800 s/f industrial unit at 53 East Industrial Rd. in Branford. Mr. Handyman is a new franchise that deals in upscale personal help with home or business projects. The landlord, Padula, LLC, was also represented by Bill Clark.
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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