On Saturday August 13 the real estate community lost one of its bright stars as he was vacationing on Block Island. Jay Amoruso, age 50, was the consummate professional. For over 20 years he was a leading producer at RE/MAX Precision Realty in Newington. Jay was highly respected by hundreds of clients and friends and served both the residential and commercial real estate markets. He enjoyed mentoring clients and fellow Realtors alike and had the talents, expertise and demeanor to be helpful to many. He touched numerous lives in a positive way and was a truly decent and most ethical individual. Jay had accomplished much in his relatively short career including being named to the RE/MAX Hall of Fame and given the RE/MAX Lifetime Achievement Award. His professional resumé included achieving the GRI,CRS, and Certified Commercial Investment Member (CCIM) designations. He was especially proud of becoming a CCIM and was active in its Connecticut Chapter serving on its board of directors. He was also an active member of the Greater Hartford Association of Realtors and was a member of its Professional Standards Committee.
An avid sailor and devoted husband and father, Jay leaves behind his wife Jane and daughters Rachael and Grace as well as an extended family and many friends. He will be sorely missed by all.
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 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!
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 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