News: Connecticut

Press/Cuozzo brokers 2,375 s/f lease transaction in Wallingford and $346,000 sale in Cheshire

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, White Tiger Martial Arts, LLC has leased 2,375 s/f of commercial space at 38 South Tpke. Rd. The landlord, New Beginnings Realty, LLC, was represented by Albert Scafati, senior commercial advisor, while the tenant was represented by Debbie Goldberg, also of Press/Cuozzo Realtors. Also, the first of three office condominiums recently closed at Hitchcock Park, 1151 South Main St., Cheshire at $346,000. This is the existing two-story c.1770 structure that will be occupied by Dana Bartone & Company, LLC and used as a hair salon. The buyer was represented by Sally Bowman of Sally Bowman Real Estate. Stephen Press of Press/Cuozzo Realtors and James Fazzone of Cheshire Real Estate Commercial are the co-listing marketing agents for the development which will include two additional mixed-use condominiums, each with a 1,836 s/f office on the first floor and a 1,000 to 1,175 s/f, one-bedroom residential unit on the second floor. Located at the southern end of Cheshire and set on over an acre, this three building complex offers identity on Rte. 10 in a village setting.
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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