News: Owners Developers & Managers

Reese Commercial Real Estate Services awarded two new property management assignments

Dale Reese, 
Reese Commercial

Rocky Hill, CT Reese Commercial Real Estate Services was awarded two property management assignments during the first quarter.

430 New Park Avenue LLC awarded the bid to Reese Commercial for the complete property management of its 2-story, 24,000 s/f office building on the Hartford/West Hartford line. The main tenant is the Greater Hartford Association of Realtors (GHAR). 

Holly Callanan, CEO of GHAR, said “We are pleased to have Dale and his team working on the transition from self-management to having a certified property manager help us to navigate building ownership and achieve our goals.”

The Terlizzi Realty Trust LLC at 516-524 Burnham St. in South Windsor hired Reese Commercial to manage this 32,000 s/f industrial complex consisting of five buildings. 

Dale Reese, CPM, CCIM and managing principal of Reese Commercial has over 25 years of property and asset management experience in the Greater Hartford market and will be the lead manager on both assignments.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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