News: Owners Developers & Managers

Schaffer and Scafati of Press/Cuozzo Realtors broker $600,000 sale

According to Stephen Press, principal of Press/Cuozzo Commercial Services, senior leasing brokers Ted Schaffer and Albert Scafati have sold a 10,000 s/f manufacturing property located at 15 Hamden Park Dr. for $600,000. The building was constructed in 1987 by the Instant Buttons Manufacturing Co. and Press/Cuozzo Commercial Services represented the sellers, Linda and Ralph Caffalette. The buyer is Delta Property Holdings, LLC and was represented by Carl Russell of George Smith & Son Realtors of Milford. Located in the Hamden Industrial Park, the property will provide a new headquarters for the Delta Tool & Mold Co., an established Hamden business, the opportunity to stay and expand in Hamden.
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Land Rover Fairfield leases 6,000 s/f Fairfield industrial property

Fairfield, CT Land Rover Fairfield has leased the industrial property at 55 Webster St. The 6,000 s/f facility is designed to enhance the client delivery experience and accelerate online inventory merchandising. The expansion establishes a benchmark for vehicle reconditioning and digital retail in the region. The lease term is a multiyear with options to renew.
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Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated