News: Connecticut

Viking Construction completes $28 million project - The Heights at Darien

Viking Construction, Inc., has completed construction of the $28 million affordable community known as The Heights at Darien. Thismulti-phase project, which began in 2012 and was completed on schedule and on budget, included demolition, new LEED-certified construction for 23 two and three-story buildings, landscaping, and exterior elements such as barbecue and picnic grounds, and a recycling area. The Heights is located on the 10.5-acre site of the former Allen-O'Neil Homes (and of the former WWII-era Fitch's Home for Soldiers). Today, the community includes 106 one, two and three-bedroom apartments designed in the same architectural style as surrounding neighborhoods. The homes include energy-efficient appliances, windows and insulation, heating and cooling systems, and green-label carpeting. Each unit features designer bathrooms and spacious closets. "Each time we undertake a housing construction project, we know we are affecting families, neighborhoods and communities," said Anthony Gaglio, Sr., president of Viking Construction, Inc. "It is so gratifying to play a part in bringing an outdated and inefficient area back to life to meet the needs of generations to come - and to add wonderful value to the overall town."
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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