Fairfield County Office Market Loses Ground
Office occupancy rates have declined 2 percent in the Bridgeport-Stamford-Norwalk area over the past year and the region now has the third-highest vacancy rate among top U.S. metros at nearly 28 percent.
Plumbing Contractor Leases West Haven Property
A plumbing contractor will occupy a 1,280-square-foot commercial space at 375 Morgan Lane in West Haven following a lease negotiated by The Geenty Group, Realtors of Branford.
Megabank Shares Slide on Report of Rampant Money Laundering
The financial sector was hit hard Monday following a report alleging many large banks have continued to profit from illicit dealings with criminal networks despite previous warnings from regulators.
Virtual Tour Helps Lease Stamford Medical Office Building
A small Stamford medical office building has been leased to Hartford HealthCare.
Berkshire Hathaway Hires Two in Glastonbury
Berkshire Hathaway HomeServices New England Properties has added two new agents to its Glastonbury sales team.
Landlord Convicted of Sex Abuse Gets 12 Years in Prison
A New Haven landlord and rabbi convicted of repeatedly sexually abusing a teenage boy more than a decade ago was sentenced Monday to 12 years in prison.
Report: Mohegan Sun Will Continue its Lawsuit Over Boston Casino Decision
Wynn Resorts may have closed the book on Massachusetts regulators’ investigation into how it handled sexual misconduct claims against founder Steve Wynn, but legal problems related to its soon-to-open Boston casino aren’t over yet.
Retailers Expect Strong Thanksgiving, Black Friday Business
Retailers are preparing for one of their biggest weekends of the year as an estimated 164 million people are already planning to go shopping Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
Transit-Oriented Apartments in Old Saybrook Sold for $42.5M
A Hartford developer has paid $42.5 million for Post & Main, a 186-unit apartment complex in Old Saybrook.
New Dollar General Store to Be Built in Morris
Financing has been secured for the construction of a new Dollar General Store in Morris.
West Haven Investment Property Sold For $605K
An investment property at 795 and 797 Savin Ave. in West Haven has been purchased for $605,000.
Five Cities Given High Sustainability Ratings
Five Connecticut communities have been given a silver certification from Sustainable CT for their efforts to promote environmentally responsible practices.
Angel Commercial Wins CoStar Power Broker Awards for 13th Consecutive Year
Southport-based Angel Commercial has been recognized as a top producing brokerage firm in the Westchester and Southern Connecticut marketplace for the 13th consecutive year.
Commercial Mortgage Delinquencies Continue To Decline
The Commercial Mortgage delinquency rate declined 26 basis points to 2.68 percent in October for the fourth consecutive month of declined, according to a new report from Morningstar Credit Ratings LLC. The unpaid balance of commercial mortgages fell 4.5 percent and securitized mortgages rose above $800 million for the first time since 2009.
Senate Appropriations Committee Funds CDFI, NMTC Programs For FY18
The Senate Appropriations Committee Monday released the chairman’s draft on the fiscal year 2018 financial services and general government appropriations bill, including full funding for the Community Development Financial Institutions Fund, which oversees the New Markets Tax Credit Program.
After GE, The Deluge?
It’s an increasingly familiar quandary in Connecticut commercial real estate circles: how to revive massive office complexes built during the heyday of the suburban migration that are lagging in demand as 21st-century workspaces? General Electric’s 526,000-square-foot...
Home Construction Boosts Lending Activity
Recovery of select residential real estate markets presented a growth opportunity in commercial lending at some Connecticut banks in 2015, as homebuilders tested the market for new construction after years of inactivity. And while vacancy rates put a damper on office...
Retail Rebound Finally Jumpstarts Development Pipeline
Demand for new shopping venues got the commercial real estate development pipeline flowing again in 2015 and generated interest in more retail centers to come.
How Much It’s Worth Depends On Who You Ask
In the end, it all comes down to the bottom line. “Value,” like beauty, is subjective – what the business is worth to the owner may not be what it is worth to the market. But if a business is to be sold, its value must be objectively determined – a sticking point for...
Building A Vibrant Town, Hoping For Commercial Growth
The vital signs for Enfield’s commercial real estate market are among the strongest of the suburban communities along the I-91 corridor between Hartford and Springfield. It’s the only town in the region with single-digit office vacancies, and it has a roster of stable corporate users including Mass Mutual, Brooks Brothers Group and LEGO Systems Inc. But Enfield faces growing competition attracting and retaining companies in key industries like as medical device manufacturing and health care
