Richard of Colliers Dow & Condon sells 235 Brainard Rd. for $2m
In an effort to help the MDC expand operations in the South Meadows of Hartford, Joseph Sullo of South Meadows No. 2, LLC agreed to sell 235 Brainard Rd. for the sum of $2 million. The property consists of a commercial building approximately 18,936 s/f (former Cinema City) on 4.28 acres of land. David Richard of Colliers Dow & Condon represented Sullo in the transaction.
Since 1929, the Metropolitan District (MDC) has managed the Hartford region's water and sewer systems developed in the 1850s. System investmens have increased sewer system capacity and wastewater treatment capacity, to minimize sewage impact to area waterways. Now the MDC will expend more than $1 billion to improv the area's water quality and help protect the health and safety of citizens during storm events. The Clean Water Project formally addresses a federal consent decree and a Connecticut DEP consent order to achieve the Federal Clean Water Act goals. All projects must be completed by 2020.
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