News: Connecticut

Centerplan completes development of 14,673 s/f Rite Aid in Southington

Centerplan has completed the development of a 14,673 s/f Rite Aid on Rte. 10. Centerplan, a Conn.-based development company led by president Robert Landino, acquired and developed a unique, highly visible property located at 500 Queen St., the former home of Southington Chevrolet. Hylwa Inc. completed the demolition, remediation and construction on this challenging site in less than five months. The Southington Rite Aid which features its prototype pharmacy and retail design dubbed "Rite Aid Customer World" includes a drive-thru pharmacy window, expanded customer waiting area, vitamin department, photo center, and a pharmacy counseling area. Rite Aid currently operates 80 stores in Conn. and 4,900 in the U.S. Centerplan directs investment strategies related to real estate acquisition, development and funding, with an emphasis on adding asset value through repositioning strategies. Centerplan continues to grow and break new ground, as it is currently developing a variety of residential, retail, and commercial properties throughout New England. Hylwa Inc. is a Meriden-based design/build construction firm serving all of New England.
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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