News: Connecticut

Szabo of Goldschmidt & Assoc. negotiates $3m sale of 2-acre site

David Szabo of Scarsdale-based Goldschmidt & Associates brokered the $3 million sale of 734 Bridgeport Ave. to CVS/Caremark Corporation. The seller was Dan Perkins Realty, Inc. The two-acre property is located at the corner of Bridgeport Ave, and Schoolhouse Rd. approximately 1/3 mile from exit 35 off I-95. Existing buildings formerly occupied by Dan Perkins Chevrolet will be demolished and the property will be improved by a 14,000 s/f CVS Pharmacy with drive-thru. The CVS will also have its own parking lot. "CVS/Caremark is dedicated to the New Haven County community and further expansion plans are being finalized," said Szabo, who represented GBC, the preferred developer in the deal. "We are hoping to sign an additional deal shortly." Goldschmidt & Associates also represents GBC for CVS in Westchester County, N.Y.
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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