News: Retail

Trevor Davis Comm'l. executes 3 retail leases in Middletown, Conn.

Trevor Davis, CCIM, of Trevor Davis Commercial Real Estate, LLC, has executed three retail leases at 438-442 Main St., the building at the corner of Washington St. (Rt. 66). Aculer leased 2,600 s/f of retail space in the former Douglas Bedroom space, 442 Main St. Aculer is a one stop super store for home furniture, appliances, and electronics. They provide financing, renting-to-own options and outright sales. The corner store will have 5 new windows, a new high ceiling and complete renovations. Mikado Sushi Bar & Grill leased 2,745 s/f in the rear of the building on the lower level. Their address is 3 Melilli Plaza, across from the city's largest municipal parking lot. Their new look includes interior and exterior stonework, an interior waterfall and complete renovations. Joe Riff's Music leased 6,390 s/f on two levels at 440 Main St. They recently purchased Matt's Music and will continue to meet most music needs including instrument sales, rentals, instructions and repairs. Trevor Davis represented the landlord, Hilltop Associates, and was the sole broker in all three transactions. 438 Main St. is a mixed-use building and includes two floors of office space above the two retail floors.
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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