Amper of Capstone Properties completes sale of 23,940 s/f property
Neil Amper, SIOR vice president of Capstone Properties has sold a 23,940 s/f building located at 450 Valley St. He was hired by the trustee of the estate of Panbro Realty. The buyers were R.P. Iannuccillo and Sons Construction Company. The property will be used for the continued expansion of the company. The asking price was $650,000.
Amper has also leased 5,600 s/f of warehouse space located at 31 Graystone St. in Warwick, to Mexica International Foods. Mexica grows avocados in Mexico, processes them into avocado oil in California and distributes the oil throughout the United States.
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 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!
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 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