Commercial & Industrial
Crystal Mall Sells for Over $9M
May 18, 2023 | Reprints | Unlock Link
A troubled mall in Waterford has sold at auction amid a last-minute flurry of bidding.
UConn Invests in Local Low-Carbon Multifamily Water Heater
May 17, 2023 | Reprints | Unlock LinkHillside Ventures, the University of Connecticut’s early-stage sustainability venture fund, announced it’s now a minority investor a local company that’s trying to ramp up production of a boiler for multifamily properties that, it says, can dramatically shrink their carbon footprint.
The City Where Skyscrapers Are Turning to Carbon Capture
By Cathy Bussewitz | The Associated Press | May 15, 2023 | Reprints | Unlock LinkThe goal is to stop that climate-warming gas from entering the atmosphere. And there’s a dire need for reducing emissions from skyscrapers like these in such a vertical city: New York state’s buildings also emit more air pollution than any other state’s.
Construction Finally Starts on Infamous Metro North Bridge
May 15, 2023 | Reprints | Unlock LinkThe bridge, originally built in 1896, has been repeatedly stuck in the open position over the years, causing havoc on the busiest rail line in the country.
CT’s Smallest City Finds Room for Housing Production
By Steve Adams | Commercial Record Staff | May 12, 2023 | Reprints | Unlock LinkWhile some Nutmeg State communities fight modest proposals for multifamily housing, the tiny southeastern Connecticut city of New London is welcoming new projects delivering hundreds of apartments to long-neglected parcels.
Stratford Apartments Sold to New Jersey Investor for $23M
By Steve Adams | Commercial Record Staff | May 11, 2023 | Reprints | Unlock LinkA pair of Stratford apartment complexes that traded for $23 million are the first Connecticut acquisition for a New Jersey real estate investor.
Report: West Hartford Apartments Leasing Up Quickly
May 10, 2023 | Reprints | Unlock LinkThe first phase of a West Hartford multifamily development is nearly 50 percent leased less than two weeks after opening.
82 Apartments Coming to Meriden’s Aeolian Music Factory
By Steve Adams | Commercial Record Staff | May 9, 2023 | Reprints | Unlock LinkApproval 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.
Two Hotels Pitched for Downtown Stamford
May 9, 2023 | Reprints | Unlock LinkA pair of new hotels are being proposed in downtown Stamford.
Banks Report Tougher Credit Standards in Wake of Failures
By Christopher Rugaber | The Associated Press | May 9, 2023 | Reprints | Unlock LinkA Federal Reserve report Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures and expect to lift them more this year, a trend that could slow the economy in coming months and increases the risk of a recession.
Waterbury Investor Buys Big Bridgeport Housing Portfolio
By Steve Adams | Commercial Record Staff | May 4, 2023 | Reprints | Unlock LinkA 437-unit apartment portfolio in Bridgeport was acquired by a Waterbury investor for $39.6 million.
Branford Leads CT in March Housing Approvals
By James Sanna | May 2, 2023 | Reprints | Unlock LinkLook out, New Haven and Stamford, you’re in danger of being dethroned as the top-producing municipalities in Connecticut when it comes to new housing.
Report: Logistics Network Pushed Modular Builder’s CT Relocation
May 1, 2023 | Reprints | Unlock LinkFullstack Modular is relocating its U.S. headquarters to Hamden, from New York City’s Brooklyn Naval Yard where it had operated since 2012.
Rhode Island House OKs Office-to-Apartment Conversion Incentives
By The Associated Press | April 27, 2023 | Reprints | Unlock LinkRhode Island representatives overwhelmingly approved a bill Tuesday designed to make it easier to convert office buildings, schools, churches, shopping malls, mills and other commercial real estate into housing.
LOs Responded to Changing Environment
By Diane McLaughlin | April 27, 2023 | Reprints | Unlock LinkEven as 2022’s mortgage activity fell from the record levels of the pandemic’s first two years, some of Connecticut’s top loan originators still maintained a demanding pace last year as homebuyers faced rising mortgage rates, economic uncertainties and a limited supply of houses for sale.
NYC Developer Buys Mixed-Use Norwalk Property for $9.3M
By Steve Adams | Commercial Record Staff | April 26, 2023 | Reprints | Unlock LinkA Woodbury real estate investor acquired a Norwalk property including apartments and medical suites leased to Yale New Haven Hospital for $9.3 million.
Developer Plans Retail, 150 Apartments at West Hartford Transit Stop
By James Sanna | April 25, 2023 | Reprints | Unlock LinkThe owner of the furniture store which replaced the now-shuttered Puritan Furniture business on New Britain Avenue in West Hartford wants to replace his building with a sizable mixed-use structure.
How Other Cities Hope to Boost Resi Conversions Downtown
By Mae Anderson, Ashraf Khalil and Michael Casey | The Associated Press | April 24, 2023 | Reprints | Unlock LinkThe conversion push is marked by an emphasis on affordability and serious tax breaks for developers to incentivize office-to-housing conversions.
Big Branford Development Won’t Go Spec
By James Sanna | April 21, 2023 | Reprints | Unlock LinkA large development proposal in Branford could bring a huge volume of life science space to market, but its developer said the project won’t break ground without an anchor tenant.
Proposal to Lower Income Tax Rates Advances in Hartford
By The Associated Press | April 20, 2023 | Reprints | Unlock LinkConnecticut state lawmakers on Wednesday night advanced a Democratic proposal to reduce state income tax rates, but for some legislators the plan is not nearly enough.
