News: Connecticut

Chozick, Pappas of Chozick Realty sell Campus View Apartments for $4.3 million

Rick Chozick and Steve Pappas of the Hartford office of Chozick Realty, Inc. have arranged the sale of Campus View Apartments, located at 1300-1412 East St. The sale price was $4.3 million. Campus View Apartments is a 63-unit apartment complex located at the entrance to Central Connecticut State University and is a student occupied residential property. The property is well suited from a location standpoint and unit configuration to cater to the student population at the university. Virtually all apartments are two bedrooms with a layout that makes the apartments very comfortable for three students, maximizing the number of beds per apartment. The property was constructed in 1970 and was substantially updated and remodeled approximately 10 years ago. At that time the resident population was shifted to student oriented residences with roommate privacy dividers added to bedrooms, washer/dryers installed in each apartment and high speed Internet and cable television included in the rental structure. Chozick Realty marketed the property on behalf of 1300 East Street Holdings LLC and procured the purchaser, Campusview Apts LLC, a regional owner of multifamily property.
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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