News: Connecticut
Posted: June 21, 2024
Press|Cuozzo brokers two sales at
$252,000 and inks one lease
Hamden, CT Mark Foreman of Press|Cuozzo has sold two contiguous industrial condominiums at 35 Corporate Ridge. Units 6 and 7 were 1,000 s/f each and closed at $252,000. Foreman represented the seller. Troy Clark, and Joe Scarpellino of Coldwell Banker represented the buyer, James Keaney, Jr. The transaction closed March 24, 2024.
Renee Stevens of Press|Cuozzo completed an office lease to North Branford Family Chiropractic and Wellness, LLC at 46-52 Park Pl., Branford.
The chiropractic practice joins Joint Effort Guided Exercise at this high-traffic location across from Branford Post Office and one block from the Branford Green. Stevens represented the landlord, NNJ Properties, LLC and procured the tenant on this long-term lease.
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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
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
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 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