News: Connecticut

Konover Residential Corporation recognized by YWCA

The YWCA Hartford Region held its annual meeting in January. Konover Residential Corporation was the recipient of the annual Creating Opportunities Business Partner Award for its commitment to the success of Soromundi Commons. According to Ardell Wilson, board chair of the YWCA Hartford Region, the Creating Opportunities Award honors those individuals and organizations who have made a significant difference in helping the YWCA achieve its mission of eliminating racism and empowering women. "These partners are vital to building a strong foundation and future for women in the Hartford Region," said Wilson. "This is about working together for a better Connecticut." Konover Residential Corporation was recognized for its work as property manager of Soromundi Commons, a supportive housing community in downtown Hartford. As property manager, the Konover Residential team works closely with residents to ensure they obtain the housing and services they need. In addition, the Konover staff assists extensively in the fiscal administration of the facility, managing grants and other funding programs.
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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