Commercial & Industrial
Ground Breaks On Major Housing Development In Stamford’s South End
May 25, 2016 | Reprints | Unlock LinkCo-developers Jonathan Rose Cos. and Malkin Holdings yesterday broke ground on their Metro Green III housing development in Stamford with a ceremony that brought local and state leaders to the site. The 131-unit green housing development will feature an 11-story...
Vacant Fairfield Office Building Changes Hands
May 25, 2016 | Reprints | Unlock LinkA pair of buildings were recently sold on Sherman Street in Fairfield. The 0.21-acre property at 116 Sherman St. contains a 2,116-square-foot office building and a 408-square-foot garage. The land is zoned as part of the city’s Central Design District. The sales price...
Greystar Donates To Farmers Market Adjacent To Danbury Housing Development
May 25, 2016 | Reprints | Unlock LinkGreystar Real Estate Partners LLC has awarded $1,700 to the CityCenter farmers market in Danbury. The funds will be used to bring live music to the market, which is opening for its seventh season on June 25 at Kennedy Park. Greystar is the developer of downtown...
Hamden Apartments Fetch Nearly $1.4M
May 24, 2016 | Reprints | Unlock LinkWildwood Holding LLC recently purchased a 17-unit apartment building in Hamden for $1.385 million. The building at 550 Whitney Ave. was under contract in less than two weeks after being listed and closed within 60 days, according to Barbara L. Pearce, CEO and...
Environmental Protection Organization Acquires New Haven Office Space
May 24, 2016 | Reprints | Unlock LinkConnecticut Fund for the Environment has signed a long-term lease in New Haven. The organization will occupy 8,400 square feet of office space at 900 Chapel St. after recently moving its headquarters from Temple Street. “Connecticut Fund for the Environment required...
Bridgeport Warehouse Fetches $400K
May 23, 2016 | Reprints | Unlock LinkAn industrial warehouse in Bridgeport has sold for $400,000. The building will be used by the new owner, 273 Ash Street LLC. The property is located at 650 Knowlton St. “The 11,784-square-foot building is situated on 0.29 acres near the Pequonnock River, just minutes...
Enfield Restaurant Owner Gets One Year For Dodging Taxes
May 23, 2016 | Reprints | Unlock LinkThe operator of a restaurant in Enfield has sentenced to one year in prison, followed by one year of supervised release, for tax evasion. George Carabase pleaded guilty to two counts of tax evasion in February, which resulted from understating his restaurant, Buona...
GE Announces Deals Worth Over $1.4B With Saudi Arabia
By The Associated Press | May 23, 2016 | Reprints | Unlock LinkGeneral Electric Co. said Monday it made a series of deals with Saudi Arabia worth more than $1.4 billion as part of the kingdom’s ambitious plan to wean itself off crude oil. GE said $1 billion worth of projects would be implemented by 2017 with the Saudi Arabian...
Sale Of Former State Hospital To Mohegan Tribe Approved
By The Associated Press | May 20, 2016 | Reprints | Unlock LinkResidents in Preston have unanimously voted to support the Connecticut town’s proposal to sell the site of the former Norwich State Hospital to the Mohegan Tribe. Tribal Chairman Kevin Brown says he was surprised by the swiftness of the vote at Thursday’s special town...
Roadwerx Leases 2.2K SF In Milford
May 20, 2016 | Reprints | Unlock LinkDisplay booth manufacturer Roadwerx has leased 2,200 square feet in Milford. The company makes booths for road shows and expos and will use the space at 31 Eastern Steel Road for storage and distribution of display items and furniture. Bill Clark, senior vice...
West Haven Apt. Complexes Get $10M From Washington Trust
May 19, 2016 | Reprints | Unlock LinkTwo West Haven apartment complexes were recently refinanced and improved with $10 million in financing from Washington Trust. The bank’s commercial real estate group provided $4.7 million to Forest Hills Place Limited Partnership and $5.3 million to Elm Regency...
Plastics Manufacturer Expands In Oxford
May 19, 2016 | Reprints | Unlock LinkPTA Corp. has leased space in Oxford. The local plastics manufacturer signed on for 9,000 square feet, which it will use for warehouse space. The property is the Oxford Industrial Park at 6 Benson Road. Ed Godin Jr. of Godin Property Brokers in Middlebury brokered the...
Real Estate Co. To Convert Vacant New Britain Parcel
May 18, 2016 | Reprints | Unlock LinkChrysalis Center Real Estate Corp. recently purchased a vacant parcel of land in New Britain. The company purchased the 0.16-acre site at 30 South High St. for $48,000, which had been sitting vacant for decades as a dilapidated parking lot. Chrysalis plans to scrap...
Bristol Retail Shopping Center Fetches $4.725M
May 18, 2016 | Reprints | Unlock LinkA retail shopping center in Bristol has sold for $4.725 million. The 45,000-square-foot building is located at 45, 59 and 81 North Main St. The undisclosed buyer, a Connecticut-based firm, closed on the sale on May 10 and intends to keep the shopping center as-is. The...
Glastonbury Man Gets 1 Year For Defrauding Energy Program
May 17, 2016 | Reprints | Unlock LinkA former Glastonbury resident was sentenced yesterday in Hartford for fraudulently obtaining more than $9 million in economic stimulus program funds in 2010 and 2011. Walter Craig Bradway was sentenced to 13 months of imprisonment, followed by three years of...
BofA Distributes Grants To Fairfield, New Haven Job Creators
May 17, 2016 | Reprints | Unlock LinkBank of America today announced $210,000 in grants to be distributed to 35 nonprofits working to increase educational and workforce development opportunities in Fairfield and New Haven counties. Currently, the state’s unemployment rate sits at 6.3 percent, above the...
Connecticut House Speaker Says He Won’t Seek Re-Election
By The Associated Press | May 17, 2016 | Reprints | Unlock LinkDemocrat House Speaker Brendan Sharkey said Monday he will not seek re-election to his seat representing Hamden in the House of Representatives and therefore won't seek a third term as speaker. The 54-year-old Sharkey officially informed his legislative staff of his...
Art As Amenity
By Steve Adams | Commercial Record Staff | May 17, 2016 | Reprints | Unlock LinkWhen designing the next generation of multifamily projects, many developers pay as much attention to common area amenities as the layout of the living units themselves. But with fire pits, game rooms and yoga studios becoming standard issue in complexes from coast to...
Connecticut Expanding Online Business Registration Tool
By The Associated Press | May 16, 2016 | Reprints | Unlock LinkPeople forming businesses or registering existing companies from foreign jurisdictions in Connecticut will soon be able to file their forms online. Secretary of the State Denise Merrill, whose office handles business filings, is scheduled to demonstrate on Tuesday how...
Milford Property Fetches $1.25M
May 16, 2016 | Reprints | Unlock LinkJordon Realty LLC has purchased a Milford property for $1.25 million. The building at 990 Boston Post Road is currently occupied by Hooters Restaurant and will undergo an extensive renovation. “This is an unusual sale in that it qualified under Section 1031 of the IRS...
