News: Connecticut

A. P. Construction nears completion of 37,000 s/f Stamford housing project

A.P. Construction Company, the general contracting and construction management division of The Ashforth Company, is currently completing the construction of a 37,000 s/f affordable housing project. The multifamily residential property is located at 25 Third St. This project includes the conversion of an existing 25,000 s/f Class B office building to a 50-unit apartment building. 12,000 s/f is being added to the rear so that the project will provide 13 studio, 25 one-bedroom and 13 two-bedroom affordable apartments. Serious Glass windows are being installed which let natural light in while blocking harmful ultraviolet radiation. These windows are designed to reduce energy consumption and operating costs. They also may potentially help cut construction costs by allowing the heating and cooling systems to be down-sized. The project is anticipated to be completed this summer. "We are glad to be working on an affordable housing project right in our own community and to add another large residential project to our portfolio," said Nicholas Everett, senior vice president of A.P. Construction Company. The architect is A. Hennessy Architects, PC LLC. Tom Favazzo is the project manager and Larry Quintiliano is the superintendent, both of A.P. Construction Company.
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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