Siegel, Drinkwater and Richard of Marcus & Millichap broker $5.15m sale; Red Pants, LLC sells 42,210 s/f retail property
Fischer Real Estate sells four acres in West Haven for $2 million; 89 Bull Hill Lane, LLC buys land from Saint Louis Church
James of NorthMarq Capital arranges $26m mortgage financing placed through Sun Life Assurance Co. for Southbury Plaza
Piroumoff, Zasada of C21 Wm. R. Smith Realty broker $465,000 sale; J&K Ventures LLC buys from Linslex Equities, Inc.
Colonial Realty and Vidal/Wettenstein cobroke 45,000 s/f $3.8 million sale; 6 Waterview Dr., Shelton sold to Alpha-Core, Inc.
Matthews Commercial brokers $977,000 sale of Broadcast Center; 22,900 s/f office/retail bldg. sold to Reda B. Properties, Inc.
Geenty Group brokers 7,410 s/f build to suit flex building in the Old Saybrook Business Park
Dunne of CBRE arranges recapitalization of Milford Crossing valued at $100 million
Stewart and Morris of Cronheim Mortgage arrange $9.975m loan for 93,068 s/f retail and office center in Norwalk
Pappas of Chozick Realty completes $2.325 million 36-unit condo sale; Patrick Wells condos sold to Forstone Capital LLC
Connecticut Commercial Realty and Raveis Real Estate broker $1.625 million land sale
Horvath and Mancinone of Marcus & Millichap broker two deals; 1.92 acre site in Monroe and 4,400 s/f office bldg. sell for $1.475m
Stratton of The Geenty Group brokers $605,000 sale of 3,000 s/f bldg.; Mill Pond Veterinary Hospital buys 229 East Main St.
Trevor Davis Commercial brokers 5,760 s/f lease at Main Street Market; also leases 2,100 s/f to Reality Interactive
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