Report: Penrose Buys Ex-State Office Buildings for Housing
Two former state office buildings could soon become over 100 apartments after a Philadelphia mixed-income housing developer bought them for $1.1 million.
Lamont Pitches Real Estate Changes to Protect Against Floods
With severe weather becoming a much bigger risk in Connecticut, Gov. Ned Lamont announced he’s proposing legislative changes to adapt the state’s real estate markets and planning practices.
State Funds Nine Housing Developments
State officials recently announced nearly $26.17 million in loans, grants, tax credits and other forms of financing that will help get developments totaling 658 new housing units, 381 of which will be affordable housing.
Mystic Ex-Bookstore Sells for $2.95M
A landmark building in downtown Mystic has traded hands for nearly $3 million in a transaction that will help a 127-year-old family business find a location for its expansion.
Lender Seeks Receiver Appointed for Troubled Hartford Tower
After losing its anchor tenant in 2023, the troubled CityPlace I tower in downtown Hartford could be headed for another storm.
State Pitches in to Jumpstart Major Developments
Blighted and underutilized properties are being targeted for adaptive reuse and redevelopment in Connecticut’s largest cities, setting the stage for some of the state’s notable projects moving forward in 2025.
Manchester Shopping Center Trades for $67.5M
New York City investor Brixmor Property Group says it bought Manchester’s Plaza at Buckland Hills for over twice its appraised value.
Ex-BHHS CRE Team Joins Century 21 in Wethersfield
A 10-agent team has jumped from one brokerage brand to another in central Connecticut.
Tong Joins Feds in Suing RealPage, Six Major Landlords
The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their competitors to boost profits.
North Haven Offices Could Become Apartments After Sale
The new owners of an office building near North Haven’s town green are eyeing a residential conversion, according to the brokerage in the sale.
Renters Staying Put at Increased Rate – But Not in Hartford
While nationwide renters are staying in their homes at an increasing rate, Hartford is bucking the trend.
New Haven Apartments Trade for $10.25M
A New Haven apartment complex has sold to a local investor for $10.25 million.
Hartford Courant Offices Head to Auction Block
The Hartford Courant newspaper’s former offices are headed for auction after three years of being up for sale with no takers.
Vacant Firehouse Eyed for Multifamily Redevelopment
A former firehouse in New Haven’s student-oriented East Rock neighborhood could become the basis for an apartment building under plans filed with the city’s Board of Zoning Appeal.
East Haven Asset Earns $7.1M in Sale
Commercial real estate brokerage Marcus & Millichap announced the $7.1 million sale of an East Haven industrial asset.
State Brownfields Redevelopment Grants Aim to Unlock $530M in Private Investments
State brownfields grants for 21 blighted properties in 18 municipalities across Connecticut worth $20 million will help build nearly 1,400 homes, Gov. Ned Lamont’s office said Wednesday.
A Seamless Transition for Apartment Industry Vet
After starting her career at one of the nation’s largest apartment landlords and helping lead Connecticut’s apartment owners group, Kelly Kilham joined Simon Konover Co. in July as the West Hartford developer charts a multifamily expansion.
Stamford Medical Offices Trade for $19.1M
The 15-year owner of a fully-leased Stamford medical office building sold the property for $19.1 million to a joint venture of Sendero Capital and TPG Angelo Gordon.
38 Apartments Planned for Waterbury Newspaper Building
The iconic headquarters of the Waterbury Republican-American newspaper could become the new home of 38 iconic apartments.
New Haven Apartments Trade Hands for $28M
Two affiliates of New Jersey multifamily investor Cue Residential have picked up a portfolio of adjacent apartment buildings in New Haven’s Westville neighborhood for $28.65 million.
