Investment Strategy Places Bets on Onshoring
Under its new president, Tony Calabrese, Hendrie Lane Capital is counting on a resurgence of American manufacturing to drive demand for industrial properties in select East Coast markets.
CT Investor Bets on R&D and Manufacturing Acquisitions in MA
A joint venture including Connecticut-based Hendrie Lane Capital bought a fully leased portfolio in Massachusetts for $43.5 million as part of its strategy to acquire buildings at discounts to replacement cost.
Coworking Operators Find New Growth Avenues in Connecticut
A cold call from an East Hartford hotel developer provided an opportunity for a central Connecticut coworking operator to test a new real estate model for expansion.
M7 Lofts Show Residential Potential for Big Office Footprints
Norwalk’s newest office conversion will test the potential for large 1980s-era office buildings to be repurposed as housing, despite physical constraints that often challenge would-be developers.
Barings Lends $73M for Cross Ocean Partners JV-Owned Campus
A Massachusetts office park that was acquired by a joint venture including a Greenwich investment company received $72.6 million in financing from Barings.
Norwalk Resi Conversion Gets $75M Construction Loan
A joint venture completed its acquisition of two Norwalk office buildings for a 268-unit apartment conversion and received $75.5 million in construction financing.
‘The Magnitude Is Mind-Boggling’: Amazon Charts Eastern CT Expansion
Amazon’s supply chain network expansion reached eastern Connecticut this year with proposals for a pair of distribution centers spanning a combined 2.4 million square feet in Killingly and Norwich.
Hartford Office Availability Rate Lowest Since 2019
Office availability in Hartford County dropped to its lowest level since before the pandemic, aided by accelerating leasing activity in the second quarter.
Credit-Worthy Tenants Are Office Landlords’ North Star
Lenders are playing a significant role in selecting office tenants as substantial vacancies linger in Fairfield County’s office market.
New Haven Apartments Trade for Over $6M
A New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
Making Housing Development ‘Palatable’ Through Preservation
Former factories, schools and office buildings across Connecticut are being revitalized as residences by Pennrose under the leadership of Karmen Cheung, its New England regional vice president.
Downtown Greenwich Property Trades for $10.7M
A 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
Developer Open to ‘Change Course’ at Point Stratford
Stratford’s new mayor made it a priority to move forward redevelopment of the former Army Engine Plant property, and to add housing as a component of the new design.
New Haven Architect-Designed Luxury Tower in Demand
Close to half of the luxury condominiums are under agreement in a 38-story luxury tower designed by New Haven architects Pickard Chilton in Houston.
New Haven Hospital Project Culminates a Design Career
As Cathleen Lange retires as a principal at architects Shepley Bulfinch, she caps her career with one of Connecticut’s most notable healthcare projects of the past decade.
Office Tower Designed by New Haven Architects Breaks Ground
A 300,000 square-foot office and luxury retail building designed by New Haven architects Pickard Chilton is under construction in Dallas by developer Trammell Crow.
CBRE Relocating Offices to Stamford Plaza
Office tenants have inked 54,000 in new leases and renewals at Stamford Plaza, the 1 million-square-foot campus owned by New York-based RFR, including a relocation by brokerage CBRE.
Breaking the Logjam for Housing Development Financing
Rising interest rates and project costs threatened to bring major multifamily rental housing production virtually to a halt across Connecticut before a new program threw a lifeline to developers.
237-Unit Housing Development Seeks Approval in Farmington
A Minnesota developer is seeking a zone change clearing the way for construction of 158 townhouses and 79 single-family homes on an 80-acre site.
Veteran Builder Lends Guidance to State’s Housing Agenda
During a four-decade career in homebuilding, Greg Ugalde has built plenty of homes with his company, T&M Building Co. Now he’s putting his expertise to work as a senior advisor to the CT Department of Housing.
