News: Connecticut

Godin of Matthews Commercial Properties brokers $3.6m sale of 47,000 s/f facility

Ed Godin, Jr., a partner at Matthews Commercial Properties, represented the seller and Joe Wrinn of Goodfellow Ashmore represented the buyer in the recent sale of 594 Pepper St. The high quality 47,000 s/f facility, situated on 9.3 acres just off Rte. 25, sold for $3.6 million. The purchaser, Church Hill Classics, specializes in high quality diploma, certificate and award frames as well as full service graphics and print design. Church Hill is relocating from Danbury and significantly expanding their operations. Godin also represented a prominent Waterbury based medical group, specializing in women's' health care, in the purchase of a 10,000 s/f office building at 10 Main St. South in Southbury. The medical group has commenced a complete rehabilitation and upgrade of the property and will occupy a portion for a satellite office. The rare freestanding facility is on nearly one acre at the corner of Rte. 6 at Exit 15 of I-84 and sold for $1.3 million. Tom Dineen of Dineen Real Estate represented the seller, Mark Greenberg & Association, 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