Metro Hartford Office Leasing Drops in Q4
Office leasing in Hartford County declined 17 percent in the fourth quarter of 2023, while the handful of tenants that remained active in the market gravitated toward high-end buildings.
Downtown Norwalk Property Gets $20M Refresh
A $20 million gut renovation project by Norwalk-based Seligson Properties updated a 68-year-old bank building that includes Stamford Health medical offices and a Wells Fargo Bank branch.
Wealth Management Firm Expands in Darien
A wealth management firm that recently leased a new office in Darien announced plans to relocate to Baywater Properties’ Corbin District development in late 2025.
Greenwich Investor Sells Boston Offices for Discount
A Greenwich real estate investor sold a Boston office property for a 47-percent discount after eight years of ownership, in a reflection of the city’s struggling class B office market.
Bagels, Burgers Coming to Darien Commons
Five retailers’ ranging from a natural burger vendor to women’s bodywear boutique have leased space at the recently completed Darien Commons development. Developer Federal Realty Investment Trust said Bareburger, Cosmo’s Bagels & Cafe, women’s apparel store...
Ashford Apartment Complex Fetches $6.15M
A 52-unit apartment complex in the Quiet Corner sold for nearly double the price of its previous trade in 2017.
Fairfield County Office Rents Take Another Hit
Office tenants inked just 263,000 square feet of leases and renewals during the third quarter, CBRE reported, an 18 percent decline from the previous quarter.
Downtown Greenwich Offices Trade for $15.5M
A well-leased boutique office building near the Greenwich Metro-North train station was acquired for $15.5 million by a local real estate investor.
Rocky Hill Approves 96-Unit Development
Rocky Hill officials gave final approval to a 96-unit apartment complex by a New York developer that manufactures its own building components at a Pennsylvania factory.
Rate Hikes Drive Wedge Between Fairfield Office Buyers, Sellers
Investment sales of office properties in Fairfield County have entered a “dormant” phase in 2023, with transaction volume plummeting 83 percent from the previous year.
Amazon Buys Former Big-Box Center in Orange
Amazon.com has acquired a former retail big box property on Orange’s Boston Post Road, after developing a 114,500-square-foot distribution center.
Former Hartford TV Station Property Put on the Market
The former WFSB-TV Broadcast House property in Hartford’s Constitution Plaza is up for sale again following a series of failed attempts to redevelop the property in recent years.
Health Care JV Makes First Acquisition in Hamden Property
A $300 million joint venture to invest in outpatient health care facilities made its first acquisition in a Hamden medical office building.
Lennar VC Backs Developer of New London, Cheshire Projects
A company that’s developing a housing product designed to save developers time and money received a venture capital infusion for expansion.
540 Housing Units Envisioned at Former Simsbury Office Park
The developer that acquired The Hartford’s Simsbury office campus in 2015 is proposing another 540 housing units on the 172-acre property.
Mohegans Buy 113-Acre School Property in Uncasville
The Mohegan tribe submitted the high bid to acquire a 113-acre parcel located two miles from its Mohegan Sun casino in Uncasville.
Milford Medical Offices Due for Refresh After Sale to NY Investor
A Milford medical office building located near the town’s Metro-North Railroad station was sold to a New York investor following a competitive bidding process.
Office Tenants Predict More Space Downsizing to Come
A majority of office tenants expect to shrink their space footprints further in the next three years, according to a CBRE report analyzing future demand in the office market.
Stratford Apartments Sold to New Jersey Investor for $23M
A pair of Stratford apartment complexes that traded for $23 million are the first Connecticut acquisition for a New Jersey real estate investor.
82 Apartments Coming to Meriden’s Aeolian Music Factory
Approval of federal tax credits will enable a Boston developer to break ground this fall on the latest phase of a housing conversion at a former musical instrument factory in Meriden.
