The Wm. M. Hotchkiss Co. has celebrated its 100th consecutive year in business. Despite numerous recessions, an evolution of the real estate industry, added competition, and six ownership changes, the company has experienced steady growth since its inception 100 years ago. With more than 2 million s/f of real estate currently under management, and an arsenal of services to cover all facets of today's complex real estate industry, the company is well-positioned for continued growth.
As the real estate industry has evolved, so has the services offered by The Wm. M. Hotchkiss Co. over the past century. In the early years, the company was primarily a New Haven County commercial management company with an insurance division. Recognizing the demands of the changing industry, the company slowly diversified its services and repositioned itself into a full-service, statewide organization specializing in property management, commercial sales, residential sales, and leasing. With the evolution came the closing of the insurance division and the addition of small residential property management, association, and HUD residential management accounts.
The company currently employs over 20 real estate professionals, many of whom hold Ct. real estate licenses and certified designations within their area of expertise. Owner Richard Coote, who purchased The Wm. M. Hotchkiss Co. in 2002, attributes the company's long-term success to adherence to sound business principles. "The faces have changed over the 100 years, but there have been some constants as well," said Coote. "Our hands-on approach equates to superior service levels for our clients. What are most important are the relationships and the partnerships that we establish and maintain. Exceeding the needs of our clients will always be our goal."
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