CBC Scalzo, Goodfellow-Ashmore broker $4.31 million land sale
Hal Kurfehs, vice president, Coldwell Banker Commercial Scalzo Group, and Joe Wrinn SIOR, vice president of Goodfellow-Ashmore Realty a
$4.31 million land sale. The seller was Lee Farm, LLC, and the purchaser was the U.S. Department of Defense on behalf of the U.S. Army Reserve.
The Armed Forces Reserve Center (ARFC) to be built on the 17.24 acre site on Wooster Heights Rd. is located near the crossroads of the east-west 1-84 and north-south Rte. 7, the Danbury Airport and the Danbury Fair Mall. It will include a 95,000 s/f facility with administrative, educational, weapons-simulator, and physical fitness area, as well as a 18,000 s/f vehicle maintenance shop and a 3,000 s/f storage building.
The Army Corps has awarded a $33.8 million contract for the construction to Korte-Fusco, a joint venture that includes a company based in New Haven.
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