The Connecticut Economic Resource Center, Inc. (CERC) hosted the 11th annual CERC SiteFinder Showcase - an event that brings together real estate and economic development professionals from across the state and features trends and topics important in today's commercial real estate world.
Attendees heard about the latest economic development happenings in the state; innovative ways to harness the economic development resources of the University of Connecticut; how Connecticut's new Brownfields Liability Relief Law facilitates the sale of contaminated properties in Connecticut; and the latest economic outlook from CERC. They also got an overview of the new features being integrated into CTSiteFinder.com, Connecticut's most comprehensive online real estate database of available commercial properties.
Two awards were presented at the Showcase. The CERC SiteFinder Partnership Award was presented to Frank Hird of O,R&L Commercial for his involvement and contributions to the economic development success of the state of Connecticut during his 20-year career. Mike Freda, selectman of North Haven, received the Economic Developer Award for actively engaging the business and real estate communities through speaking opportunities, direct outreach to both small and large businesses, and initiatives to make it easier to do business in North Haven.
Sponsors of this year's Showcase included: Griffin Land, Wiggin & Dana, New England Real Estate Journal, Business New Haven, Commercial Real Estate Group, CT Community Investment Corp., CL&P/Yankee Gas, and UIL Holdings Corporation.
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