Urstadt Biddle Properties promotes Rotonde to assistant vice president
Urstadt Biddle Properties Inc has promoted Joanna Rotonde to assistant vice president of the company. Rotonde has been with the company for almost three years and previously was acquisitions manager. In Rotonde's new capacity, she will continue to work on new acquisitions with the company and will also work closely with the company's leasing department. In addition, she will handle restaurant leasing for the company's entire portfolio.
So far this year, the company has acquired New Milford Plaza, a Wal-Mart and Super Stop and Shop anchored shopping center located in New Milford, and Katonah Village Commons, a mixed-use office and retail property located in downtown Katonah, N.Y. In addition, the company has acquired a 10% equity interest in a partnership which owns the Midway Shopping Center; a ShopRite anchored property located in Scarsdale, N.Y. and a 67% equity interest in the Putnam Plaza Shopping center, a Hannaford Brothers anchored shopping center located in Carmel, N.Y.
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