News: Connecticut

Miller of Levey Miller Maretz brokers $1.09 million sale of 9,500 s/f office bldg.

According to Steve Miller, principal of Levey Miller Maretz, 3 Research Dr. has been sold for $1.05 million to New Haven Dental Group LLC. The property consists of a 9,500 s/f professional office building on approximately one acre of land. Levey Miller Maretz represented the seller, Harrison Research Drive Realty and Dow Realty Company represented the buyer. Financing was arranged through the Bank of Southern Connecticut and Connecticut Community Investment Corp. The sellers were represented by attorney Stuart Margolis and the buyers were represented by attorney Eugene Torrenti. In another transaction, Elite Properties LLC sold the property at 78-80 North Main St., Branford. The buyer is M + L Properties LLC. Listing agent was Michael Gordon of Levey Miller Maretz. The seller was represented by Kevin Geenty of Geenty Group. The property is a mixed-use commercial and residential property. The sale price was $599,000.
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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