News: Front Section

Wood of HK Group to market Town Center West - 140,000 s/f retail area in Rocky Hill

Kerry Wood of HK Group has been hired to market a new retail and office center called Town Center West.The main retail area, consisting of 140,000 s/f will all be walkable and incorporate green space with landscaped beds, walking trails, and a central gazebo. Town Center West is designed to capture the towns's growing residential and daytime office population with pad sites for restaurants and a pharmacy. An office/hotel pad will anchor the east side of the development. The building will have highway visibility and provide signage visible from the highway. Town Center West will mimic its namesake and have a town center feel with retail buildings and relaxing outdoor spaces. In addition to a great shopping and working experience, visitors will be able to gather for recreational purposes. The experience of Town Center West is a fun and relaxed environment for all ages to enjoy. Visible from both I-91 northbound and southbound, this highly visible and centrally located center is at the intersection of West St. and Cromwell Ave. (Rte. 3) with over 24,000 cars per day on each. Rocky Hill is located eight miles south of Hartford with access to all of central throughways - I-91, I-84, Rte. 9, Rte. 15, and I-691 To the east of the site is Corporate Ridge, one of Connecticut's largest corporate parks. There is approximately 1.3 million s/f of class A & B office space located in several developments within 3 minutes of the site. Traffic flow to and from these developments will pass Town Center West to I-91 at exit 23.
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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