The Connecticut / Western Massachusetts chapter of The Society of Industrial and Office Realtors recently held their fall quarterly meeting at the Scinto Auditorium - 4 Corporate Dr., followed by dinner at neighboring IL Pallio Restaurant. The chapter would like to thank R.D. Scinto, Inc. for generously hosting and sponsoring the event.
In addition to a number of business items, including the adoption of new chapter by-laws, elections were held for chapter officers.
Elected to serve the chapter for a two-year term were Frank Hird, SIOR - president; Jeff Ryer, SIOR, CCIM - vice president; and Kristin Geenty, SIOR - secretary/treasurer.
The entire chapter would like to acknowledge outgoing president, Bruce Wettenstein for his service and contributions to SIOR. Bruce was outstanding in advancing community service initiatives. Through Bruce's leadership, the chapter was recognized by SIOR National for excellence in community outreach. The chapter received the 2013 SIOR Best Charity and Fundraising Program award in response to their tremendous support of Habitat for Humanity.
SIOR is the leading professional commercial and industrial real estate association. With more than 3,000 members in 580 cities in 26 countries, SIOR represents today's most knowledgeable, and successful commercial real estate brokerage specialists.
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