News: Connecticut

The Geenty Group, Realtors sells 951 Bank Street for $550,000

The Geenty Group, Realtors, completed the sale of 951 Bank St. for $550,000. The seller was Coca-Cola Bottling Company of Northeastern New England, Inc. The building is 52,000 s/f and sits on 5.1 acres on Rte. 1. The buyer is Responsible Landholdings Northeast, LLC. Michael Schwartz is the LLC member. They will be leasing the property after full renovation to Mike's Famous Harley Davidson dealership. Mike's will locate their full service sales and repair business to this location. Mark Smith of Coca-Cola Bottling Company of Northeastern New England was the liaison between all of the parties and was instrumental in bringing this transaction to fruition. Kevin Geenty, SIOR, and Kristin Geenty, SIOR, were the agents for the seller. Daniel Del Grosso of Best Brokers was the Buyer's agent. K. E. Sternlof, Esq. and Atty. Ellen Brown of Waller Smith Palmer in New London were the buyer's attorneys, and James Kerouac, Esq. of Nixon Peabody in Manchester, N.H. was the attorney for the seller.
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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