News: Connecticut

Vidal/Wettenstein and Prudential CT Commercial co-broke sale

The former TD Bank unit located in the Brookside Professional Building located at 4637 Main St., has been purchased by HSAK Properties LLC. The commercial condominium unit in the Center is 2,601 s/f and sold for $340,000 or $130 per s/f. The space was formerly occupied by TD Bank which relocated to a new free standing facility on the corner of Main Street and Old Town Road. The unit will be future medical offices for Dr Sami and his wife Dr. Kashani. Bruce Wettenstein, SIOR & partner with Vidal/Wettenstein was the listing broker for the unit and Lester Fradkoff of Prudential CT Commercial represented the purchaser. Counsel for the purchaser was Mark Kirsch of Cohen & Wolf, and for the seller, Anthony Marino.
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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