Commercial & Industrial
Hamden Developer Charts East Coast Expansion
By Steve Adams | Commercial Record Staff | February 22, 2024 | ReprintsMichael Belfonti made his first real estate deal as a junior in college, lining up investors to acquire a nearby roominghouse. Then, rather than working his way up through the ranks at a bigger real estate company, Belfonti chose to build his own development firm from scratch.
Developers Shelve HealthTech Park Project in Branford
By Steve Adams | Commercial Record Staff | February 21, 2024 | Reprints | Unlock LinkA life science development planned for a Branford industrial park has been shelved after the withdrawal of a joint venture partner.
Commercial Lending Starts to Show Signs of Life
By Steve Adams | Commercial Record Staff | February 20, 2024 | Reprints | Unlock LinkLending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
Credit Union Acquires Historic Building in Cheshire
February 16, 2024 | Reprints | Unlock LinkNorwalk-based Sound Federal Credit Union has acquired a new location in Cheshire, where it intends to open a full-service lending subsidiary.
Affordable Housing Proposed to Replace Historic Building in New Haven
February 15, 2024 | Reprints | Unlock LinkThe New Haven Board of Zoning Appeals earlier this week heard a proposal to tear down a vacant building on Orchard Street to make way for affordable housing.
Regional Banks Report Troubled Office Loans
By Nika Cataldo | February 15, 2024 | Reprints | Unlock LinkThe fourth quarter earnings calls of regional banks with branches in Connecticut revealed an increasing share of troubled office loans, a trend that may continue in the next few quarters.
In Major Speech, New Haven Mayor Aims for More Development
By James Sanna | February 12, 2024 | Reprints | Unlock LinkNew Haven Mayor Justin Elicker wants New Haven to build so much new housing that it claims the title of “biggest city in Connecticut.”
Developer of Windsor Logistics Property Buys Land for Next Phase
By James Sanna | February 9, 2024 | Reprints | Unlock LinkAn affiliate of Massachusetts developer Condyne Capital Partners dropped $1.9 million on a 24.1-acre slice of Windsor farmland according to a warranty deed filed with the Windsor Town Clerk.
Downtown Development Sites Drive CT’s Housing Production
By Steve Adams | Commercial Record Staff | February 9, 2024 | Reprints | Unlock LinkConnecticut just recorded its highest level of housing permits in a single year since 2015. Despite the rising costs of financing and construction, developers say the multifamily market fundamentals continue to make urban core projects feasible.
Amid Surge in Multifamily Deliveries Elsewhere, Hartford Still Sees Rent Growth
February 7, 2024 | Reprints | Unlock LinkThe U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
East Hartford Looks to Launch New Redevelopment Push
By James Sanna | February 6, 2024 | Reprints | Unlock LinkEast Hartford's mayor is looking for state grant funding to support a look at how the city can spur redevelopment in a third major part of town. Redevelopment of the city's Silver Lane commercial corridor is slowly starting to gain speed, while major warehouse...
Hartford Sees Nation-Leading Jump in Office Conversions
By James Sanna | February 5, 2024 | Reprints | Unlock LinkA new report from Rent Cafe estimates the Greater Hartford pipeline of office-to-residential conversions likely to deliver this year at 930.
Hamden Industrial Building Trades
February 2, 2024 | Reprints | Unlock LinkA freestanding Hamden industrial/flex facility in the town’s business park has changed hands.
Survey: Property Investors Poised to Increase Activity
February 1, 2024 | Reprints | Unlock LinkInvestors are poised to purchase more U.S. commercial real estate in 2024, as they anticipate improved credit conditions as interest rates fall later this year, according to the findings of CBRE’s latest U.S. Investor Intentions Survey.
State Posts Highest Number of Housing Permits Since 2015
By James Sanna | January 31, 2024 | Reprints | Unlock LinkFor the second year in a row, Connecticut towns and cities issued building permits for over 5,000 homes, according to new Census Bureau statistics analyzed by the state Department of Economic and Community Development.
Report: Retail Landlords Look to Fill Space Planned for Amazon Fresh
January 29, 2024 | Reprints | Unlock LinkA pair of grocery store properties in Brookfield and Westport won’t likely be getting the Amazon Fresh stores originally expected to fill them.
Developer Seeks Outlets-to-Apartments Redevelopment
By James Sanna | January 25, 2024 | Reprints | Unlock LinkThe owners of the Tanger Outlets mall in Westbrook want to make a big change to their hilltop property just off Interstate 95.
Signs of Stabilization for CT CRE in 2024
By Steve Adams | Commercial Record Staff | January 24, 2024 | Reprints | Unlock LinkCommercial real estate investors are coming to grips with the higher-interest rate environment and what it means for property values.
Metro Hartford Office Leasing Drops in Q4
By Steve Adams | Commercial Record Staff | January 22, 2024 | Reprints | Unlock LinkOffice 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.
New Haven Approves Pickleball Center for Parking Lot
January 19, 2024 | Reprints | Unlock LinkNew Haven’s Westville neighborhood will be gaining a new sports center – for pickleball.