News: Connecticut

Messore of Colonial Properties named Businessperson of the Year

According to Michael Richetelli, president of Colonial Properties, Inc., Fred Messore, vice president has been named the 2012 Businessperson of the Year by the West Haven Chamber of Commerce. Messore has been an active member of West Haven's business community for many years. Messore's interest in the progress of the city began when he was the executive director of the West Haven Economic Development Corp., where he spearheaded many projects critical to the economic health of the city, including the $110 million regional train station which is currently under construction. As a commercial realtor with Colonial Props., he has sought to enhance West Haven's business community by facilitating the sale of buildings such as Chuck's Steakhouse and Car Tech on the Boston Post Rd., the Knights of Columbus building, and participating in the sale of 135 Front Ave. a 43,000 s/f light industrial building.
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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