News: Connecticut

Press of Press/Cuozzo sells Cheshire office bldg. for $375,000

Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, has sold 1151 South Main St., a 2,137 s/f free standing office building on Rte. 10 set on 1.09 acres. Its prime southern Cheshire location offers excellent signage and expansion possibilities. The buyer, Cheshire Development Co., LLC, purchased the property for $375,000. Press represented the sellers, Richard Hartman and Barbara Hulteen, while James Fazzone of Cheshire Real Estate Commercial represented the buyer. Press/Cuozzo Realtors, with offices at 2751 Dixwell Ave., Hamden and 975 State St., New Haven, has been serving the Greater New Haven area since 1990.
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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