News: Connecticut

Wiesenberg of CB Richard Ellis negotiates 18,675 s/f office lease

Student Loan Corporation (SLC) has inked a long-term, 18,675 s/f lease for office space at 750 Washington Blvd. Budd Wiesenberg of CB Richard Ellis' Stamford office spearheaded the negotiations. "SLC's decision to sign a long term lease and remain in Stamford is a testament to the strength of the financial service industry and wonderful quality of life Fairfield County offers," said Wiesenberg. Discover Financial Services recently acquired The Student Loan Corporation from Citigroup. Prior to its 18,675 s/f commitment at 750 Washington Blvd., SLC was located within Citigroup's premises in the same building. Located directly across from the Stamford Transportation Center with immediate access to I-95 and all connecting major roadways, 750 Washington Blvd. is part of a Class A, two-building complex known as Stamford Towers. The 10-story property boasts a three-story atrium lobby, an impressive tenant roster, state of the art infrastructure and amenities including building energy management systems; zoned tenant controlled HVAC heat pump systems; 24/7 attended security, complemented by a card access system and digital cameras; a full service cafeteria with indoor and outdoor seating; and sundry store with dry cleaning services.
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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