Commercial & Industrial
Report: Highway Billboards Latest Front in Anti-Toll Push
September 5, 2019 | Reprints | Unlock LinkGov. Ned Lamont may be ripping up his so-far-failed approach to reform Connecticut’s transportation system, but a political lobby group is trying to make sure tolls aren’t a part of the governor’s transportation plan 2.0.
Hartford’s Swift Factory Turns Over a New Leaf
By Steve Adams | Commercial Record Staff | September 5, 2019 | Reprints | Unlock LinkThe blighted, former M. Swift & Sons factory is a physical reminder of industry’s expansion and decline in Hartford’s northeastern corner. Now, a Hartford-area native is reactivating the 63,000-square-foot campus as commercial kitchens, leasing other portions of the main building to a hydroponic farming company and reserving the rest for office and coworking space.
Westport Retail Plaza Sold for $4.35M
September 4, 2019 | Reprints | Unlock LinkA shopping plaza on Post Road East in Westport has sold for $4.35 million.
Southbury Industrial Property Sells for $1.15M
September 4, 2019 | Reprints | Unlock LinkPart of a Southbury industrial condominium complex has sold for $1.15 million.
New Haven Garage Opponents Keep Pushing Against State Plan
September 4, 2019 | Reprints | Unlock LinkA group of New Haven residents who want a mixed-use development to rise on a parking lot next to the city’s Union Station instead of a 7-story garage aren’t giving up in their efforts to derail the plans.
US Factory Output, Jobs Shrink for First Time in Three Years Amid Trade War
By The Associated Press | September 4, 2019 | Reprints | Unlock LinkThe U.S.-China trade war and slower global growth are weighing on America’s manufacturers, reducing their output and causing workforce cuts.
Taxpayers Will Foot Legal Bills for Once-Wealthy Developer
By The Associated Press | September 3, 2019 | Reprints | Unlock LinkTaxpayers will foot some of the legal bills of a one-time millionaire Connecticut and Florida developer who pleaded guilty in a real estate fraud case and who now says he can’t afford to pay his lawyers.
High-Speed Ferry from Norwalk to New York Pitched
September 3, 2019 | Reprints | Unlock LinkThe builder of a high-speed freight ferry aimed at supplying perishable local seafood and produce to New York City wants to expand his business to passengers.
Colchester Woman Pleads Guilty to Stealing from Mystic Real Estate Firm
August 30, 2019 | Reprints | Unlock LinkThe bookkeeper for a Mystic developer and property owner has admitted to embezzling over $400,000 from the company.
Downtown Danbury to Get $4M for Improvements
August 30, 2019 | Reprints | Unlock LinkDowntown Danbury is slated for a make-over, with millions budgeted for inlaid sidewalks, street trees and other public amenities.
Thanks to Consumers, US Economy Rising Steadily if Slowly
By The Associated Press | August 30, 2019 | Reprints | Unlock LinkThe U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth – consumer spending – remains vigorous enough to keep the economy growing steadily if still modestly.
Hartford Area Retail Vacancies Creep Upward
By Steve Adams | Commercial Record Staff | August 29, 2019 | Reprints | Unlock LinkGreater Hartford vacancies rose slightly in the past year as tenants including Farmington Bank, Payless ShoeSource and Subway vacated a total of 32 locations in the metro area.
At Mid-Year, Statewide Housing Permits Up 7 Percent
By James Sanna | August 29, 2019 | Reprints | Unlock LinkHalfway through 2019, Connecticut cities and towns have permitted over 7 percent more housing units than they had by the end of July 2018,
East Coast Governors Join Lamont to Push Feds on Offshore Wind
By The Associated Press | August 29, 2019 | Reprints | Unlock LinkThe governors of five East Coast states are urging federal regulators not to put any additional roadblocks in the way of the country’s nascent offshore wind industry.
East Haven Commercial Building Sells for $1.8M
August 28, 2019 | Reprints | Unlock LinkA 6.34-acre East Haven commercial parcel has sold following the closure of the business that occupied it.
Greenwich Condos on Former Mel Gibson Estate Met with Fierce Opposition
August 28, 2019 | Reprints | Unlock LinkResidents of Greenwich’s Backcountry mansion district are upset at a plan to build condominiums on the former estate of movie star Mel Gibson.
REIT Buys Large CT Manufactured Housing Portfolio
August 27, 2019 | Reprints | Unlock LinkA Michigan-based real estate investment trust has bought a large manufactured housing portfolio, which includes 11 Connecticut communities, for $343.6 million.
Four New Haven Commercial Properties Sold for $1.3M
August 27, 2019 | Reprints | Unlock LinkA New Haven social service agency has bought four city commercial properties for $1.3 million.
79 Towns and Cities Hiked Taxes This Year
By The Associated Press | August 27, 2019 | Reprints | Unlock LinkA new analysis by the state’s largest association of cities and towns shows 79 Connecticut municipalities increased property tax rates for the new fiscal year.
Hartford Apartment Deliveries Up 50 Percent This Year
August 26, 2019 | Reprints | Unlock LinkThe number of apartment units on track to be delivered this year in the Hartford area is up 52 percent from last year, according to data from the apartment search website RentCafe.
