News: Connecticut

The Landis Group leases 18,000 s/f to Abbey National Treasury Services

According to The Landis Group, a leading real estate development and management firm, Abbey National Treasury Services, a subsidiary of the Stantader Group, has signed an 18,000 s/f renewal for a long-term lease at 400 Atlantic St. The space will continue to be used as Santander's U.S. headquarters and the bank plans to move other area operations and consolidate them into its space at 400 Atlantic. Banco Santander is a global, multinational bank that is one of the 13 leading banks in the world in terms of market capitalization. Santander currently serves more than 100 million customers through a global network of 14,400 branches, the largest in the international banking sector. "This was a major win for us to keep Santander in 400 Atlantic and we look forward to serving the bank's needs for years to come," said Scott Landis, principal at The Landis Group. "This renewal is a testament to the attractiveness of 400 Atlantic and the Stamford market as a true destination for major corporations across many fields of business."
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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