News: Connecticut

Piroumoff and Zasada of Century 21 Wm. R. Smith Realty broker $465,000 sale of 44 and 50 Bloomfied Ave., Windsor

George Piroumoff, CCIM, and Chester Zasada of Century 21 Wm. R. Smith Realty, Inc. brokered the sale of two investment properties. Piroumoff listed 44 and 50 Bloomfield Ave., and Zasada sold the investment properties to J & K Ventures, LLC. The seller was Linslex Equities, Inc. The well established Water Closet gift shop with bath and other accessories is on the first floor of 44 Bloomfield Ave., and two apartments are on the second floor. Five apartments are in 50 Bloomfield Ave. The properties belonged to the Loomis Institute in the early 1900s. The buildings have new heating and electrical systems and new roofs. New vinyl siding is on 44 Bloomfield Ave. The selling price was $465,000. Jane Furnas of Mortgage Master arranged the financing.
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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