News: Connecticut

Paret and Godin of Matthews Comm'l. broker $2.625m sale

Matthews Commercial Properties brokered the $2.625 million sale of 73 Waterbury Rd. The 11,000 s/f retail plaza situated on .92 acre, which is anchored by a CVS Pharmacy, was acquired by Peter Christakas a local investor. Cathy Paret represented the buyer and Ed Godin represented the seller, Dercomm, LLC. In another transaction, Nick Longo of Matthews Commercial Properties and Ralph Calabrese of the R. Calabrese Agency, LLC completed the sale of 140 Homer St. The 12,000 s/f single story commercial building on one acre is located on one of Waterbury's busiest retail corridors. The property was purchased by Lagasse Properties, LLC for $440,000. Tenants currently located at the property are Independent Drives & Controls and The Bannerworks. Calabrese represented the seller, B&B Enterprises. Longo represented the purchaser.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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