Name: Rachel Gretencord, CFA
Title: Director of Real Estate
Company: Connecticut Economic Resource Center (CERC)
Location: Rocky Hill, Conn.
Birthplace: Indiana
Family: Married, one son
College: MA from Yale University (CT) and BA from Valparaiso University (IN)
First job outside of real estate: Director of an undergraduate study abroad program in Hangzhou, China
First job in real estate or allied field: Associate at a real estate development firm focusing on urban revitalization projects
What do you do now and what are you planning for the future: As director of real estate, I oversee CTSiteFinder.com which provides free commercial real estate and demographic data to help businesses analyze a potential investment. Our department also conducts business development activities to promote Connecticut as a top business location, and provides a critical connection between the state's real estate and economic development communities. Moving forward, we will look for ways to continue to improve and expand our real estate services. One such initiative involves collaborating with the CERC Research Department to offer more comprehensive analysis services for projects with a real estate component.
Hobbies: Biking, vegetable and herb gardening, Latin ballroom dance
Favorite author: Isabel Allende
Favorite radio show: "Wait Wait, Don't Tell Me" (NPR)
Keys to success: Keep the big picture, long-term goals always in the back of your mind; you don't need to focus on them 24/7, but make sure that the small things you do on a day-to-day basis are edging you toward these goals. And don't be distracted or flustered by smaller issues along the way..
If you were forced to choose another vocation, what would it be? Behavioral economist, or I would open an organic greenhouse.
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