News: Connecticut

February

Vogell of Mortgage Resources arranges $6 million loan for Fenn-Woode Apts. comprised of 11 detached two-story apt. buildings Babcock & Brown Parallel Ind. acquires properties for $5.71m at 33-35 Nicholson Rd. and 1404 Blue Hills Ave. Horvath and Mancinone of Marcus & Millichap broker $1.4m sale; mixed use property located at 2716 Fairfield Ave. Riley and Vinci of H. Pearce Commercial sell 24,600 s/f for $1.675m; also broker$280,000 sale of 2,742 s/f office condo Fellah of HK Group sells 979 Post Rd. to Dandar Realty for $950,000; 3,000 s/f office/retail bldg. sold by C&P Realty and Inv. Vidal/Wettenstein leases 4,000 s/f at 127 Enterprise Dr., Monroe to TMC Services Kelly of Arbor Commercial Funding closes on $2.133m Fannie Mae DUS 3MaxExpress loan to refinance South Marshall Apartments Godin of Matthews Commercial brokers 13,000 s/f $1.45m sale; Total Energy Corp. buys warehouse facility Wiesenberg and Cuddy of CBRE lease 18,735 s/f at 262 Harbor Dr.; Sabrowski of GVA Williams represents tenant Zakos of Vidal/Wettenstein negotiates $1.1m sale to CHS Realty; Ernest Bodnar sells 13,058 s/f 25 Rachel Dr. Kirby of Lyman Real Estate brokers $850,000 sale of two-bldg. site; 71 & 79 Linwood Ave. sold to Colvest Group, Ltd. Fairfield County Bank to occupy 4,000 s/f at Eastside Commons developed by Hannah R.E. Inv. and Stillwater Inv. Mgmt. Inglese of New Haven Group, Inc. negotiates $13.3 million sale of 701 Cottage Grove Rd. OR&L Commercial and CB Richard Ellis sell 92 acres in Rocky Hill for $14.65 million for Winstanley Enterprises
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Columns and Thought Leadership
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