R. Calabrese Agency and Matthews Comm'l. Props. broker $635,000 sale
Ralph Calabrese of the R. Calabrese Agency, LLC and Gerry Matthews of Matthews Commercial Properties, LLC recently completed the sale of 66 Mattatuck Heights. The 23,301 s/f building located on 3.53 acres was sold to Carmino Maria Lucia, LLC for $635,000. The seller was the Estate of Domenic Temporale. The purchaser plans to occupy 16,000 s/f of the building to operate its limousine company, Gateway Limousine, while the remaining 10,000 s/f will continue being occupied and leased by the seller.
Calabrese represented the seller in the transaction and Matthews represented the purchaser.
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