News: Owners Developers & Managers

Newman of Malkin Properties signs Greenwich Investment Management to 3,796 s/f at First Stamford Place

Greenwich Investment Management (GIM), a privately owned registered investment advisor, has relocated its headquarters from Greenwich, Conn. to First Stamford Place, according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building office complex, located one block from the Stamford Transportation Center. The tenant will take occupancy of a 3,796 s/f space at 200 First Stamford Place in early 2013 for a term of seven years. Malkin Construction will build out the space for the tenant. Newman represented the landlord in this transaction, along with senior leasing associate Kim Zaccagnino and leasing associate Tara Long. The tenant was represented by Jay Hruska, Gregory Kenny and Bill Montague of Cushman & Wakefield. Attorneys for the landlord were David Bleckner and Ian Lester of David Bleckner, P.C. "First Stamford Place has a well-earned reputation as a venue where tenants like GIM can flourish," said Newman. "The office park's urban campus location provides direct access to highways and mass transportation, and its broad range of top-quality services and amenities make it ideal for a diverse range of successful businesses operations." "As we approached lease expiration in Greenwich, we decided to upgrade to new office space in nearby Stamford, within a campus environment that provides a full panoply of on-site tenant amenities," said George Rieger, chairman of GIM. "First Stamford Place proved to be ideal, offering the quality business environment we'd been seeking, in addition to convenient proximity to transportation and hands-on management." GIM manages investments on behalf of institutions, high-net-worth individuals and tax-exempt entities, such as foundations and endowment funds. The firm currently oversees $372.5 million in assets.
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and