CBRE Closes Sale of Shallow-Bay Industrial in New Haven County
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in November 2026: $3.5B across 11 reported transactions. All Office coverage →
- 97 stories mentioning CBRE on the wire in the past 90 days. CBRE coverage →
Computed from Real Estate Trail’s own tracked coverage
The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer in collaboration with Matthew O’Hare of CBRE’s New Haven office completed the $10-million sale of 260-284 Quarry Rd. in Milford, CT. CBRE represented the s…
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