People's United Bank completes sale of Bridgeport portfolio
People's United Bank has closed on the sale of a portfolio of properties covering approximately two blocks in downtown Bridgeport to Main State Ventures. The sale does not include the bank's headquarters building at 850 Main St. Main State Ventures is a partnership between Forstone Capital and Spinnaker Real Estate Partners, both of Norwalk.
Jeffrey Dunne and Steven Bardsley of CB Richard Ellis, Inc. represented the bank in the sale of the portfolio which included nine properties covering roughly 4.81 acres and totaling 255,548 s/f. The following buildings were included in the sale: 167, 177, 189, and 211 State St.; 779, 815, 855 and 899 Main St.; and 830/880 Broad St.
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