Massey and Munger Announce New “Green” Office Building in Branford

Massey Properties and Munger Construction have announced the construction of a new office building at 3 Sycamore Way – on the corner of Rte. 1 in Branford. It will be a 3 story, modern, energy efficient design – the first of its kind on the Center Shoreline of Connecticut.

The building is targeted at professional firm tennants looking for right blend of brand image, location advantage, convenience and economy. The main features of the building are:
• 6,400 SF Professional Class A Office Building
• Contemporary, clean design
• Interior design to suit tenants
• Units can be sized from 1,600 – 2,400 SF
• 3rd floor terrace
• Energy Star rated “green” building design
• Convenient location – easy access to I95 (Exit 56)
• Close proximity to New Haven & Yale
• Visible location – 350’ frontage on US Route 1
• City water and city sewer (Shoreline communities to east must use septic)

Dow Realty is representing the building for lease.
http://www.branfordgreenoffice.com

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Use Value Over Price to Navigate an Uncertain Commercial Real Estate Market

“How’s the Real Estate Market?” is a question I’m asked frequently. I’m asked this in social situations, at business meetings, and by clients. The only truly accurate answer is “It Depends”. It depends on the type of real estate: office, industrial, flex, retail, or investment. The commercial real estate market is very segmented and inefficient so you really need to look at each individual project or property in relation to similar alternatives or competing properties.

One of the reasons this market has been difficult to navigate is that there has been a decrease in the number of transactions, especially on the sales side, and leasing transactions are not typically public knowledge. This leads to uncertainty in reading the market. Market decisions depend on criteria such as location, but these days more than ever, they depend on quality and value.

Value does not mean price. A building sold for $4.5 million five years ago doesn’t necessarily mean $2.7 million is a good deal for it today. And paying a higher price for a building today than it sold for five years ago may still be a good value. Value is driven by location, the utility of a property to its occupants, the quality of its tenants, features and quality of construction, and many other factors specific to a particular property.

To navigate this market successfully you must do your research and determine value in evaluating a lease, purchase, or sale. Utilizing a trained and experienced real estate broker with insight into a specific commercial real estate market is key to assuring that you are considering all the variables that impact value. This will steer you away from some of the problems we see in the news that are created by decisions based on price.

Dow Realty Recognized for Largest Industrial Lease in 2010

The Greater New Haven Association of Realtors, Inc. Commercial Investment Division (CID) has recognized Jeff Dow of Dow Realty for achieving the largest industrial lease agreement amongst its members in 2010. Dow represented the leasee, Brook and Whittle Limited of North Branford, in its long term lease of 69,128 SF of industrial space at 20 Carter Drive, Guilford, CT.

The Greater New Haven Association of Realtors represents over 2,000 agents in the region. The CID is a group of Commercial Real Estate Brokers and Agents that create networking, education and cooperative opportunities amongst its members. Jeff Dow was awarded its “CID Rising Star” award in 2008.

E. Tyler Della Valle Appointed Chair of the Greater New Haven Association of Realtors

E. Tyler Della Valle of Dow Realty Company has been named 2011 Chairman of the Greater New Haven Association of Realtors. In addition to fulfilling the responsibilities of the position, Della Valle is urging the Membership to leave a larger mark on the communities they serve. Specifically, Della Valle has pledged to organize the Board’s members to work closely with the local Habitat for Humanity Greater New Haven organization. Della Valle has volunteered his time on several New Haven area house building projects and joined a Habitat for Humanity build in the 9th Ward of New Orleans.

The Greater New Haven Association of Realtors is made up of over 2000 agents. The organization provides education, marketing services and networking opportunities for its members and sets standards of professionalism for the industry. It also provides college scholarships and public education about real estate matters through The Real Estate Foundation, Inc.