Bowden of R. Calabrese Agency sells Fair Oaks Shopping Center for $4.57m; Malachite Group Ltd. buys 47,000 s/f retail center
Vogell of Mortgage Resources arranges $2m permanent mortgage for Heritage House Apartments owned by DLG Co. LP
Giorgio of Matthews Commercial Properties brokers $2.6 million sale; AZA Properties LLC buys 426-unit self storage facility
Pickering of New England Retail Properties brokers 2 leases totaling 2,400 s/f at Sundad Plaza located in Meriden
Witten and Nolletti of Marcus & Millichap broker $21.15m sale of East Farm Village; 240 units located at 55 & 56 Messina Dr.
GVA Williams sells 51,500 s/f Riversedge Plaza for $5.425 million; Mercator Capital sells to Farmington Associates
MKDA designs 42,000 s/f HQ for Greenwich Associates in Stamford at High Ridge Park Corporate Center
CB Richard Ellis brokers $124 million sale of Avalon Walk to Baker Properties; 764 apt. homes located at 100 Town Walk Dr., Hamden
Diana of Levey Miller Maretz sells Montowese Market Square for $2.3m to Center Plan Development for 14,000 s/f Rite Aid Pharmacy
SullivanHayes Cos. brokers 9,000 s/f lease for Sovereign Bank in Hartford; also arranges leases for LA Fitness and Pollo Tropical
Newman of W&M Properties brokers 7,639 s/f lease renewal at 300 First Stamford Place for Bright Horizons
BPG Properties completes first multifamily acquisition in Connecticut totaling 650 units
Smith of CBC Scalzo Group brokers 14,500 s/f $600,000 sale; Drubner Commercial represents buyer, 1365 LLC
Albert B. Ashforth leases 14,687 s/f at Wilton Corporate Park; USI Real Estate Advisors represents lessee
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