News: Retail

DoubleTree by Hilton Hotel Bristol opens after $20 million construction project

The new DoubleTree by Hilton Hotel Bristol hosted a ribbon cutting ceremony and reception on May 9, unveiling a new hospitality design concept and celebrating the hotel's grand opening. Private investment of over $20 million dollars on the part of Dr. Gerald Niznick, DMD, MSC, hotel owner, transformed the former Clarion Hotel into a hospitality destination featuring 19 guest suites and 122 guest rooms, including a 2,000 s/f presidential suite, a fitness center and an indoor saltwater pool. The 5,000 s/f ballroom offers conference and meeting space for up to 500 guests. Two new dining venues, The Willows Restaurant and Time Out sports bar, feature menus created by executive chef Leo Bushey, III. "It was Dr. Niznick's vision to create a landmark building worthy of its location in the shadow of ESPN and other great central Connecticut businesses, creating a new guest experience unmatched in the marketplace," said James Frenis, CHA, chief executive officer of Prestige Hospitality Group, LLC, the hotel management company. Arthur Ward, mayor of Bristol, representatives of the Central Connecticut Chamber of Commerce, Hilton Worldwide, and other dignitaries attended the May 9th event.
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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