News: Connecticut

Brown of DVB and Flayhan of HK Group broker $1.5m sale

Fred Brown, chairman of Desmond Virgulak Brown Commercial Realty of Norwalk in cooperation with HK Group, Inc. represented by its senior vice president David Flayhan recently sold 10-12-14-16 North Main St. The building is a three-story and lower level retail building occupying a prominent location in SONO at the northwest corner of Washington St. and North Main St. The building's owner was represented by Irving Kern of Cohen & Wolf PC. It was sold by IA, LLC representing several Avrick Furniture family trusts. The property was purchased for $1.5 million by GNA Associates LLC which is the operating arm of the Criscuolo family of Stamford. They intend to transform the 35,000 s/f building into two levels of retail space and the other two levels into office and residential use.
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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