News: Connecticut

Edge of Bernard Mussman Associates brokers 3,200 s/f, $220,000 sale

Christopher Edge of Bernard Mussman Associates recently sold 36 North St. for $220,000. The 3,200 s/f building was built in 1937 when it served as the home of the Italian-American World War Veterans Nicola Bernardino Post 2. Since that time, it has served as the home to a local theatre, a local church and is now home to the Deeper Bible Life Church. This purchase has given this church its ability to determine their own future in their own home. The Deeper Life Christian Ministries is an international Pentecostal church based in Lagos, Nigeria and in Bronx, N.Y. Chris Edge represented the buyer, Deeper Life Church, as well as the seller, Nicola Bernardino Post 2, in the transaction.
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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