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New Hampshire industrial and office markets - by Kristie Russell
January 31, 2025
At the end of 2024, the New Hampshire industrial and office markets are showing signs of stabilization. While the industrial sector experienced rising vacancy rates earlier in the year due to new construction, those rates have gradually declined.
The morphing of real estate occupancies and its impact on risk management - by Spencer Macalaster
January 31, 2025
Having sat on the board of directors for the Downtown Boston Business Improvement District, we are intimately aware of the social, financial and employee impact the COVID-19 pandemic has had on Boston’s commercial real estate district. Footfall
New England industrial outdoor storage user demand is poised to increase and vacancy to decrease in ...
January 31, 2025
Since the end of 2022 industrial vacancy rates have been increasing. However, a segment of the industrial real estate market that has fared well and even gained traction is the subsection of industrial asset class called industrial outdoor storage
Similar to restaurant owners, staffing still a challenge for hotel owners - by Earle Wason
January 31, 2025
When Karen Dowell, my friend from the New England Real Estate Journal, called me to write 2024 2025 Forecast Spotlight article, as usual, I reluctantly agreed. I believe in all my 50 years
With incoming administration comes questions - by David O'Sullivan
January 31, 2025
How do you forecast what will happen in 2025? The questions that come up with the changes in Washington with a new president make any forecast potentially wrong. Will there be tariffs which up end the economy? Will the tax cuts be renewed? Will there
Investors hate uncertainty: let’s hope for change that is positive and beneficial to markets - by ...
January 31, 2025
COVID and The Continuance of Real Estate Angst. The 2020 shutdown took place nearly 5 years ago. While still fresh for many, dwelling on the impact of the pandemic obsessively doesn’t do much for the effects that are still with us, impacts driven by low interest rates and
2025 does look like a promising year - by Brendan Greene
January 31, 2025
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale, and acquires “like kind”
AIA New York State celebrates architectural excellence with 2024 design awards
January 24, 2025
Albany, NY The American Institute of Architects New York State (AIANYS) has revealed the recipients of the 2024 AIANYS Design Awards. AIANYS is the state component of the American Institute of Architects (AIA) and is composed of 13 statewide chapters
Press|Cuozzo Realtors facilitates
$1.275m sale of 20,000 s/f office
January 24, 2025
North Haven, CT Stephen Press, SIOR, of Press/Cuozzo Realtors has concluded his end of year sale of a 20,000 s/f office property. Well located at 23 Maiden Ln., just off Bdwy., the building offers easy access to high traffic Washington Ave., the Pkwy and I-91.
Vidal/Wettenstein inks 3,324 s/f lease for Bad Body Gym’s relocation
January 24, 2025
Stratford, CT Bad Body Gym presently located in Bridgeport, will be relocating to 300 Avon St. The company will be occupying 3,324 s/f in the multi-tenant building, starting in February. Taivon Jones, owner of the company had outgrown their present location and wanted to offer their clients a more inviting and open facility for training.
Connecticut CCIM Chapter Deal of the Month - GoHealth Urgent Care opens in Norwalk
January 24, 2025
Norwalk, CT The CT CCIM Chapter announces the following Deal of the Month – Nuvance Health GoHealth Urgent Care opened for business in the Rainbow Plaza shopping center, located at 205 Main St. The 4,125 s/f lease brought the 28,000 s/f center to 100% occupancy. GoHealth is a division of the regional hospital consortium.
Worth Avenue Capital closes $300,000 loan
January 24, 2025
Branford, CT Worth Avenue Capital, LLC has closed a $300,000 commercial loan to a small local business. The loan proceeds will be used to restructure some of the company’s debt as well as for working capital purposes and the loan is secured by a junior mortgage on a luxury beachfront condominium in Naples, FL
Newmark arranges 10,573 s/f lease
for Guggenheim Partners
January 24, 2025
Stamford, CT Newmark has arranged a 10,573 s/f lease for Guggenheim Partners at First Stamford Pl., a class A office campus. The transaction marks the company’s expansion and relocation of its office in Darien, Conn. Newmark executive vice president and managing director James Ritman
Robinson+Cole elects new partners and counsel for 2025
January 24, 2025
Stamford, CT Robinson+Cole have elected Gregory Bennici, Kyle Hepner, Janet Kljyan, and Danielle Andrews Long as partners, as well as the promotion of Jessica Bardi, Raymond Carta, Audrey Goldman, Kathryn Mullin, and Diana Neeves to counsel, effective January 1, 2025.
Godin Property Brokers arrange sale of 42,000 s/f industrial warehouse
January 24, 2025
Watertown, CT Ed Godin Jr., SIOR, of Godin Property Brokers in Middlebury represented the buyer in the $2.645 million sale of a 42,000 s/f industrial warehouse/manufacturing facility at 1012 Buckingham St. The property, located in the Watertown Industrial area, consists of six acres.
Brown Harris Stevens and local Conn. organizations support families in need
January 24, 2025
Fairfield County, CT Brown Harris Stevens Connecticut has partnered with the New Canaan Chamber of Commerce “Gingerbread House Tour” and non-profit Person-To-Person Food Drive to help Fairfield County children and families in need this holiday season and throughout the year.
Institutional Property Advisors completes
sale of 175-unit multifamily
January 24, 2025
West Haven, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, have sold Orange Gardens, a 175-unit multifamily property. “This 100% market-rate apartment property has a history of strong occupancy and new ownership is in position to drive revenue growth through
Berkowitz of O,R&L Commercial sells office building for $662,000
January 24, 2025
West Hartford, CT Mark Berkowitz of O,R&L Commercial, LLC brokered the sale of 8 Lowell Rd. for $662,000. The 3,552 s/f office building is three stories on 0.32 acres. Berkowitz, from O,R&L represented the seller, Lowell Road Associates, LLC and the buyer, SSW Real Estate LLC d/b/a Stepping Stone
Rizzo joins USB board of trustees
January 24, 2025
Danbury, CT Lucie Voves, chair, Union Savings Bank (USB) board of trustees, has added a new board member. Anthony Rizzo, Jr., CEO of Danbury-based Rizzo Companies, Inc., has been elected to the USB board of trustees. As a USB corporator, he also serves on the Union Savings Bank audit committee, trustee loan committee,
Cawley of National Multifamily brokers
$14.1m sale of 116-unit apartment building
January 24, 2025
Bridgeport, CT National Multifamily brokered the sale of a 116-unit apartment building located at 340 Palisade Ave. to a New York-based investor for $14.1 million ($121,552 per unit). The deal closed on December 12th. Company president Matt Cawley represented the seller and procured the buyer in the transaction.