Commercial & Industrial
Providing Patient Capital for Low-Income Communities
By Steve Adams | Commercial Record Staff | April 26, 2024 | Reprints | Unlock LinkConnecticut developers that build income-restricted housing and community facilities in low-income communities have a reliable partner in the BlueHub Loan fund run by Karen Kelleher.
Hartford to OK Medical Offices in Downtown Retail Spaces
By James Sanna | April 26, 2024 | Reprints | Unlock LinkFaced with persistent downtown retail vacancies, Hartford officials are loosening restrictions on the types of tenants that can take up ground floors in downtown buildings.
Report: Colorful Developer Who Sparked New Haven Renaissance Dies
April 25, 2024 | Reprints | Unlock LinkJoel Schiavone, the real estate developer who laid the groundwork for New Haven’s downtown revival, has died at 87.
CRE Lending Shrank 47 Percent Nationwide, 37 Percent in CT
April 23, 2024 | Reprints | Unlock LinkA new report from the Mortgage Bankers Association has put numbers to the huge drop-off in commercial real estate lending in America.
Suburban Office Properties Outperform Downtowns in Q1
By Steve Adams | Commercial Record Staff | April 22, 2024 | Reprints | Unlock LinkIn a sluggish quarter of office leasing activity in Fairfield County, suburban properties outperformed their downtown counterparts in attracting and retaining tenants.
Simon Konover Co. Leadership Passes to Third Generation
By James Sanna | April 18, 2024 | Reprints | Unlock LinkWest Hartford-base real estate developer and asset manager The Simon Konover Co. announced that Jim Wakim, the company’s president and COO for the last 12 years, is retiring May 31.
West Hartford OKs 322-Unit UConn Redevelopment
By James Sanna | April 17, 2024 | Reprints | Unlock LinkThe development team aiming to redevelop the University of Connecticut’s former West Hartford campus got a green light to proceed with their project Monday.
M&T Keeps Cutting Exposure to CRE Lending
By James Sanna | April 16, 2024 | Reprints | Unlock LinkIn its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
REIT to Give Big Stamford Office Building Back to Lender
By James Sanna | April 12, 2024 | Reprints | Unlock LinkA nearly-800,000-square-foot office building in downtown Stamford is being foreclosed on by its lender, Wilmington Trust Co.
Pratt & Whitney Gets OK for Big New Office Building
By James Sanna | April 11, 2024 | Reprints | Unlock LinkOne of the Hartford area’s biggest employers is making a major investment in its East Hartford factory: a 313,000-square-foot office building.
Yale Buys Ex-Artist Lofts in New Haven
By James Sanna | April 10, 2024 | Reprints | Unlock LinkYale University has filled in a hole in its control of a part of its medical school campus in New Haven.
Bridgeport Warehouse Sells for $1.6M
April 9, 2024 | Reprints | Unlock LinkA warehouse near the Bridgeport-Fairfield line has traded hands for $1.6 million.
Report: Developer Drops Portland Design Amid Retail Debate
April 8, 2024 | Reprints | Unlock LinkA contentious proposal to redevelop more of the former Elmcrest Psychiatric Hospital, across the river from downtown Middleton in Portland, has been temporarily shelved amid a dispute between the developer and town officials about how much retail space the site could absorb.
As Big Markets Pull Back, Elm City Lab Projects Advance
By Steve Adams | Commercial Record Staff | April 5, 2024 | Reprints | Unlock LinkNewly-approved plans for office and medical research space point to potential expansion of New Haven’s life science ecosystem at a time when developers in other cities are having trouble filling space in many of the nation’s largest biotech clusters.
Report: New Haven Seeks to Discourage Housing Near Train Station
By James Sanna | April 4, 2024 | Reprints | Unlock LinkNew Haven city leaders want to allow housing next to the city’s Metro-North depot – but only after it passes a lengthy, expensive special permit process.
Multifamily Operators Battling Rising Expenses
By James Sanna | April 3, 2024 | Reprints | Unlock LinkMultifamily operators are seeing their properties’ running costs continuing to grow, albeit at a slower rate than in years past according to a new report from real estate data firm Yardi Matrix.
Report: 185-Unit New Haven Apartments Teed Up for Construction
April 2, 2024 | Reprints | Unlock LinkTwo prominent multifamily developers in New Haven are teaming up to build another big apartment complex just outside of the city’s downtown.
New Haven OKs 47K SF Bioscience Building
March 28, 2024 | Reprints | Unlock LinkLife science real estate may be struggling nation-wide thanks to a slowdown in new funding for biotech startups tied to high interest rates, but that’s not stopping one New Haven developer.
Study: Lots of Amenities the Key Difference in Office Performance
By James Sanna | March 26, 2024 | Reprints | Unlock LinkA new analysis by researchers at commercial brokerage JLL has concluded that a high level of amenities is the key difference between buildings that kept or gained tenants over the last four years, and those that lost tenants.
M&T Branch in West Hartford Fetches $6.9M
By James Sanna | March 25, 2024 | Reprints | Unlock LinkA building housing an M&T Bank branch in West Hartford traded hands last month for nearly $7 million.