News: Connecticut

Geenty Group brokers $830,000 sale of 20,000 s/f investment property

Kevin Geenty, SIOR and vice president of The Geenty Group, Realtors, brokered the sale of 2 Tipping Dr. for $830,000. Geenty along with Justin Frechette of the Geenty Group Realtors represented the seller, Marcus Hall, Trustee. The buyer, Avian Dream, LLC, purchased the 20,000 s/f property as an investment and intends to lease the premises to a company in which the buyer is also the principal. The buyer was represented by Thomas Badik of Buyers Resource Real Estate Company. Mario Zangari, Esq. and Robert Blythe, Esq. both of New Haven, represented the seller, and Jon Leckerling, Esq. of Madison, represented the buyer. In another transaction, The Pine Brook School property at 56 Stony Creek Rd., formerly known as The Wightwood School, represented by Barry Stratton of The Geenty Group, Realtors, has been sold to the Salma K. Farid Academy (SKF) which was represented by David Fleischman, also a commercial/industrial Realtor at The Geenty Group. The sale price was $620,000. Attorney Gregory Pepe of Neubert, Pepe, and Monteith in New Haven represented the Pine Brook School, while attorney Robert Pellegrino of New Haven represented the SKF Academy. The Salma K. Farid Academy is a private non-profit school for children of elementary school ages. The Academy also operates a similar school in Hamden.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
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