Commercial & Industrial
Former Wells Fargo Branch Sold for $700K
April 4, 2018 | Reprints | Unlock LinkA former Wells Fargo Bank branch in Hamden recently sold for $700,000.
Payrailz Moves to Bigger Office to Accommodate Growth
April 3, 2018 | Reprints | Unlock LinkGlastonbury-based Payrailz, a digital payments company offering secure bill payment and money transfer solutions to banks and credit unions, has moved its headquarters to a larger office to accommodate the company’s rapid growth strategy and momentum.
Home Depot Plaza Sold For $16.25M
April 3, 2018 | Reprints | Unlock LinkThe 135,643-square-foot Home Depot Plaza in Orange has been sold for $16.25 million.
Federal Reserve, OCC, FDIC Issue Final Rule on CRE Transactions Requiring Appraisal
April 3, 2018 | Reprints | Unlock LinkThe Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000.
San Francisco Investor Buys Middletown Property for $62.65M
April 2, 2018 | Reprints | Unlock LinkThe Middletown Brooke and Middletown Ridge apartment complexes in Middletown have been acquired for $62.65 million.
Milford Industrial Property Sold for $1M
April 2, 2018 | Reprints | Unlock LinkAn industrial property at 363 Naugatuck Ave. in Milford has been sold for $1.075 million.
Malloy Calls for More Transportation Funding
April 2, 2018 | Reprints | Unlock LinkCalling the CTfastrak dedicated bus service an “unequivocal success,” Gov. Dannel Malloy renewed his support for new taxes and fees to support the state’s transportation networks.
Stamford Self-Storage Facility Gets $9.1M Construction Loan
By Steve Adams | Commercial Record Staff | March 30, 2018 | Reprints | Unlock LinkColliers International’s Boston-based capital markets team has arranged $9.1 million in construction financing for a self-storage facility at 432 Fairfield Ave. in Stamford.
HFF Brokers Sale for Waterbury Shopping Center
March 29, 2018 | Reprints | Unlock LinkHolliday Fenoglio Fowler LP (HFF) has arranged the sale of Naugatuck Valley Shopping Center for an undisclosed amount.
State Adds 2.6K Net Jobs in February
March 28, 2018 | Reprints | Unlock LinkThe state of Connecticut added 2,600 net jobs in February, bringing total nonfarm employment to 1.692 million, according to figures recently released by the U.S. Bureau of Labor Statistics.
Ascension Moves to Sell St. Vincent’s Medical Center
By The Associated Press | March 28, 2018 | Reprints | Unlock LinkHealth care organization Ascension has signed a letter of intent to sell St. Vincent’s Medical Center to Hartford Healthcare.
Three Hartford Multifamily Properties Acquired for $2.1M
By Steve Adams | Commercial Record Staff | March 27, 2018 | Reprints | Unlock LinkNortheast Private Client Group has brokered the sale of three Hartford multifamily properties for a combined $2.1 million.
Meriden Business Owner Pleads Guilty to Wire Fraud
March 27, 2018 | Reprints | Unlock LinkThe owner of a Meriden transportation broker firm admitted to defrauding four manufacturing companies.
Tribes Warn Casino Bill Could Jeopardize Revenue-Sharing
By The Associated Press | March 27, 2018 | Reprints | Unlock LinkThe chairmen of Connecticut’s two federally recognized tribes are warning the casino revenue-sharing agreements they have with the state could be at risk if lawmakers push ahead with a modified bill that could lead to other entities opening casinos.
Tenants Ink One-Year Leases in Milford and Old Saybrook
March 26, 2018 | Reprints | Unlock LinkPearce Real Estate recently completed two leases, one in Milford and the other in Old Saybrook.
Recent Equifax Survey Examines Automotive Shopping Habits in Two Age Groups
March 26, 2018 | Reprints | Unlock LinkA recent consumer automotive survey from Equifax Inc. analyzed automotive shopping and buying behaviors across prime and subprime credit buyers, as well as Millennial and Baby Boomer age groups.
CRE Brokerage Hires New EVP
March 26, 2018 | Reprints | Unlock LinkCommercial real estate brokerage Choyce Peterson Inc. has hired Amy G. Lerner as executive vice president.
Legal Delays Threaten Satellite Casino Project
By Steve Adams | Commercial Record Staff | March 23, 2018 | Reprints | Unlock LinkPoliticians and tribal leaders swung mallets and took rhetorical shots at the $960 million MGM Springfield casino rising across the state border as Connecticut’s two existing casino operators began to demolish a defunct cinema complex in East Windsor this month.
Stamford Multifamily Portfolio Sold for $5.25M
By Steve Adams | Commercial Record Staff | March 23, 2018 | Reprints | Unlock LinkPost Road Group LLC has sold its six-building Waterside multifamily portfolio in Stamford for $5.25 million.
State Reaches Agreement to Pay Off Hartford’s Debt
By The Associated Press | March 23, 2018 | Reprints | Unlock LinkThe city of Hartford has reached an agreement to have the state pay off the city’s approximately $550 million in general obligation debt.
