News: Connecticut

Calabrese and Valenti of R. Calabrese Agency sell 22,500 s/f for $2.07 million

Ralph Calabrese and Tony Valenti of the R. Calabrese Agency, LLC were the sole brokers involved in the $2.07 million sale of a 22,500 s/f mixed-use retail and office building located in the heart downtown Norwalk at 38-48 and 50 North Main St. The building's location near the Metro North train station, the harbor, and being adjacent to the variety of commerce in the downtown trade area contribute to this property's strong position within the market. This two-story building was constructed in 1930 and maintains a curb appeal, and its ideal location adjacent to the municipal parking field offers visitors convenient and efficient parking options. The second floor of this building is occupied by several professional office tenants, and the street level spaces are anchored by Bank of America, and other street level tenants include; a convenience market, restaurants and a personal beauty offering. The property was purchased by Capital Construction and sold by Q SONO IV, LLC.
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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