News: Connecticut

Palmer Hills in Stamford marks 50 sale milestone

Luxury town home and condominium community, Palmer Hill, started 2008 off with a positive outlook on sales and nine months later, demand is still high. This community of Stamford homes has sold one quarter of its offerings with over 50 sales since September 2007, and 10 sales in August alone. "The luxury community boasting 114 townhouses and 81 condominiums is still enjoying steady interest," said Bob Dale, managing partner of Buckingham Partners. "That speaks to the quality of our homes and amenities, and ideal location on the border of Old Greenwich and Stamford." Palmer Hill's emphasis on choice has sales remaining strong, with five single level two and three-bedroom condo plans, ranging from 1,200 to over 1,800 s/f, and three 3-bedroom townhouse plans, ranging from 2,300 to over 3,000 s/f, plus optional finished basement plans to select from. "Our sales are spread across model options and price points," said Bill McGuinness, principal of Sun Homes. "This tells us that all of our models are appealing to buyers." A 3,500 s/f clubhouse, which features a fitness center, business center, and clubroom with a grand fireplace, is also available to Palmer Hill residents.
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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