News: Connecticut

Vidal/Wettenstein represents seller in two deals totaling $1.08m

Scott Zakos, partner of Vidal Wettenstein, LLC, represented Ernest Bodnar, owner, in the sale of 55 & 85 Rachel Dr. in two separate transactions. Nature-Plus Inc., a biotechnology development company currently of Stratford, will relocate from Lordship Blvd.to the 5,060 s/f building located on approximately .50 acre. The light industrial building with full HVAC sold for $550,000 or $108 per s/f. Randy Vidal, SIOR of Vidal/Wettenstein represented the purchaser. Richard Clomiro, Esq. of Fairfield was counsel for the purchaser. Deluca Industrial Supplies, Inc. purchased 85 Rachel Dr., a 5,110 s/f light industrial building on .50 acre for $530,000 or $104 per s/f. Angel Commercial represented the purchaser in the transaction. Seth Cooper, Esq. of Brody, Wilkinson & Ober P.C.'s Southport office was counsel for the seller in both transactions.
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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