News: Front Section
Posted: March 27, 2014
Lewis of Vidal Wettenstein, LLC completes $2.7 million restaurant sale
Robert Lewis, partner at Vidal Wettenstein, LLC completed sale of a well-known restaurant site located at 60 Charles St. This 5,728 s/f building on .55 acres was the home of the Arrow Restaurant, then Jasmine Restaurant, and most recently the Blu Parrot.
Lewis was the sole broker involved in this $2.7 million transaction between Liu and Chu, Inc., seller and Summit Development, LLC, the buyer. Legal counsel for the Liu family who owned and operated the Jasmine Restaurant at this site for 15 years, was provided by Charles Johnson of Westport-based Ottomano & Johnson Law firm.
The new owners are entertaining interest from several prospective tenants, who ultimately will add to the allure of this evolving Saugatuck neighborhood.
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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
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
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 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