Connecticut SIORs visit SIOR New Jersey Chapter meeting
The New Jersey Chapter of SIOR held a Chapter meeting on April 6 at the Kona Grill. The Chapter was very well represented with approximately 30 members in attendance and two visiting SIORs from Connecticut. Tom Hill III, SIOR, CCIM, and Kevin Geenty SIOR, the Northeast U.S. regional director of SIOR, were very pleased to spend time with the New Jersey SIORs, several of whom they have recently completed cooperative transactions with.
There was a great deal of positive discussion during the business meeting about the possibility of the Chapter making a very sizable donation to the SIOR Foundation in memory of David Houston SIOR, CRE, FRICS, who passed away last year. Houston was a past president of the SIOR Foundation as well as a past president of the SIOR National organization, and a contributor to the national commercial real estate scene in numerous ways over many years.
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