News: Connecticut

Skanska USA Building completes 37,000 s/f Crate & Barrel store at Blue Back Square

Skanska USA Building Inc. recently completed the construction of Crate & Barrel's newest Homestore at Blue Back Square and commenced construction on their second store on the Post Rd. in Westport. The 37,000 s/f West Hartford project was completed on an accelerated basis to attain a grand opening date of October 18, 2007. Skanska commenced construction operations at the site in April 2007, installing the elaborate brick, stucco, and curtainwall façade of the structure to commence the detailed interior fitout prior to turning the facility over to Crate & Barrel for merchandise in September. "Skanska's onsite construction team did a phenomenal job of co-ordinating and constructing a very complex high-end retail space in a compressed five and one-half month period," said Alan Sparn, senior vice president of Skanska in Milford. "Skanska delivered the project on time despite a difficult schedule and unprecedented regulatory hurdles," said John Moebes, director of construction for Crate & Barrel. Construction of the 38,000 s/f Westport Homestore commenced in December 2007 and will be completed in time for a summer 2008 grand opening.
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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