News: Connecticut

July/August

Buonocore of Buena Vista Real Estate Company brokers $7.35m sale of Best Western/Ground Round Morris and Foote of O,R&L Commercial complete $1.2 million office building sale; 13,675 s/f bldg. sold to National Health Care Assoc. MJB Real Estate brokers two shopping center leases totaling 38,840 s/f at Cromwell Commons and Milford Crossing Edge of Bernard Mussman Associates sells 86,000 s/f industrial building for $850,000 located at 600 East St., New Britain Witten and Nolletti of Marcus & Millichap sell Waterford Commons for $42.775 million Houlihan Parnes/iCap Realty Advisors places $2.5m mortgage for 153-acre Strawberry Park resort & RV campground Lemp of Self-Storage Consultants sells $740,000 18,825 s/f 229-unit facility at 990 Meriden Rd., Waterbury Cahill and Dengenis of CB Richard Ellis arrange 80,000 s/f lease at Six Research Dr. to Energizer Personal Care The Geenty Group brokers $3.5m sale of 19,000 s/f bldg. on 2.02 acres sold by B.W. Properties LLC to Commerce Bank/T.D. Banknorth Shertick of United Multi Family brokers $975,000 apartment building sale; 24 Shelton Terrace LLC sells 12-unit property Konover Construction completes Fones School of Dental Hygiene project; converts 21,000 s/f to new 30-chair dental clinic Zelman of ERA Broder Commercial negotiates 38,256 s/f $3.675 million sale; Richman of Colliers Dow & Condon represents buyer O'Hara of Coldwell Banker Commercial completes 80,000 s/f sublease representing Panolam Industries International Hawley Company's $4m rehab of Berkshire Shopping Center in Danbury underway; Weber & Associates architect for renovation
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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