News: Connecticut

Meet the new 2013-2014 presidents of the Real Estate Finance Association

Meet the New 2013-2014 REFA Presidents: REFA-CT President Patrick Mulready Mulready joined CBRE/New England in 1996 as an appraiser, specializing in the valuation of office buildings. He became a member of the brokerage staff in 1998, and has since developed a career as one of the premier investment specialists in Central Conn. and Western Mass. Mulready has played a significant role in more than 120 building sales in the past ten years, including several downtown Hartford office towers and three suburban portfolios. Prior to being named president of REFA, CT, he served as president of the Hartford Chapter of REFA and a member of the REFA, CT board of directors Fairfield/Westchester Chapter Al Mirin, President Mirin is an executive director, investment sales, in Cushman & Wakefield's Stamford, CT office. Mirin has been recognized as a top producer in investment sales in the region for the past 20 years. He is a leader in Cushman & Wakefield's regional investment sales group and heads the private capital group, which specializes in middle market building sales ranging from $2 to $15 million. In this position, Mirin is able to enhance his value proposition with his clients, advising them on how to increase long-term asset value when the time comes to monetize that asset whether through sale or financing. The private capital group focuses on sales and strategic consulting on behalf of owners of office, industrial, retail and multi-housing properties in Fairfield and Westchester Counties. Mirin previously served as senior vice president at CBRE in Stamford, specializing in investment properties. In that capacity, he acted as advisor in more than 20 million s/f of transactions, totaling in excess of $8 billion. Hartford Chapter Tyler Brown, President Brown, MAI, is vice president and head of valuation at Cornerstone Real Estate Advisers in Hartford Connecticut. Brown is responsible for setting valuation policy and directing the quarterly valuation process for all equity funds and accounts, with additional oversight and management of all quarterly debt valuations, including both liabilities and investments. Brown is the chair of both the asset valuation committee and the debt valuation committee. Prior to joining Cornerstone in 2003, Brown was with Cushman & Wakefield of Mass. where he provided valuation advisory services on a full range of assets. Including eight years of experience in investment brokerage with regional and national firms, Brown has 25 years in real estate brokerage, analysis and appraisal. Brown earned a BS degree in Finance and Marketing and an MS in Real Estate Investment Analysis from the University Wisconsin. He is a designated member of the Appraisal Institute, the 2012 president of the Connecticut Chapter of the Appraisal Institute, and the 2012-2013 chair of the valuation committee at NCREIF.
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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