Mills and Howard of U.S. Properties broker $3.75m sale of 50,000 s/f bldg.
David Mills and Susan Howard of U. S. Properties, Inc. sold 11 Stott Ave. Howard represented the seller and Mills represented the buyer.
Backus Hospital bought the 50,000 s/f building, sitting on 7.6 acres of land, which had been in foreclosure from People's United Bank of Bridgeport for $3.75 million.
Backus Hospital will use the building to employ over 100 people for a health record project which will create a common health record system for physicians throughout the region.
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