Commercial & Industrial

CT CRE Lending Jumped in Q3, But Banks’ Share Dwindled
By James Sanna | November 12, 2024 | Reprints | Unlock LinkAccording to a new report from CBRE and data from The Warren Group, the commercial real estate market continues to show signs of improvement.

Wall Street Already Picking CRE Winners and Losers Under Trump
By Stan Choe, Anne D’Innocenzio, Damian Troise and Paul Harloff | The Associated Press | November 12, 2024 | Reprints | Unlock LinkWall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy.

Prime Development Site Hits Market in Stamford
By Steve Adams | Commercial Record Staff | November 11, 2024 | Reprints | Unlock LinkA prime development site located near the Stamford Amtrak and Metro-North rail station is being shopped by a group of property owners for a potential high-rise project.

Avon Golf Club Sells for $5.77M
By James Sanna | November 8, 2024 | Reprints | Unlock LinkThe 27-hole, 230-acre club opened over 50 years ago and was offered in “turnkey” condition thanks to multiple prior renovations, according to brokerage Colliers, which handled the auction.

Trump Has Sweeping Plans. Here’s What He’s Proposed for Business
By Bill Barrow | The Associated Press | November 6, 2024 | Reprints | Unlock LinkThe president-elect outlined a wide-ranging agenda on the campaign trail that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade.

New Bridgeport Apartments Fetch $110M
By James Sanna | November 4, 2024 | Reprints | Unlock LinkTwo new apartment buildings on the site of a former Bridgeport movie theater has traded hands.

CT Has Nation’s Tightest Industrial Market
By James Sanna | October 31, 2024 | Reprints | Unlock LinkA new report says the Bridgeport area has reclaimed its position as the tightest industrial market nation-wide.

Shelton Ex-Avalon Apartments Sell for $24M
By James Sanna | October 30, 2024 | Reprints | Unlock LinkA New York City investor has bought a Shelton apartment complex for $24 million, according to a special warranty deed filed with the city clerk’s office.

Developer Breaks Ground on Big Shelton Apartment Project
By James Sanna | October 25, 2024 | Reprints | Unlock LinkConstruction is now underway on a hillside parcel near the Housatonic River in Shelton that’s planned to host a 152-unit apartment complex.

Major New Haven Architects Sold to Out-of-State Company
By James Sanna | October 24, 2024 | Reprints | Unlock LinkPhiladelphia-based FCA has bought Svigals + Partners, the 41-year-old firm headquartered in downtown New Haven.

New Haven Office Towers Facing Foreclosure Sold for $11M
By James Sanna | October 22, 2024 | Reprints | Unlock LinkA major player in Connecticut’s real estate scene is the new owner of a New Haven landmark.

Hartford Hospital Pitches Five New Buildings on Main Campus
By James Sanna | October 21, 2024 | Reprints | Unlock LinkAccording to a master plan application filed with Hartford city officials, the city’s biggest hospital could see a major increase in square footage.

Despite Improving Economy, JPMorgan Doubles Loan-Loss Provision
By Matt Ott | The Associated Press | October 11, 2024 | Reprints | Unlock LinkJPMorgan on Friday reported that its net income fell 2 percent in the third quarter as the bank had to set aside more money to cover bad loans.

Bronin Pens a Bible on Zoning Dos and Don’ts
By Steve Adams | Commercial Record Staff | October 10, 2024 | Reprints | Unlock LinkFormer Hartford official Sara Bronin’s new book on the role zoning plays in American life hit the shelves last week, adding to the growing debate over land-use regulation and its effects on housing prices and economic opportunity.

Spirit Halloween Will Test Christmas Concept in CT
By James Sanna | October 9, 2024 | Reprints | Unlock LinkThe well-known Spirit Halloween holiday pop-up chain is branching out to a new holiday with a new store concept it plans to test out in Connecticut.

Norwich Industrial Property Sells for $3.3M
By James Sanna | October 8, 2024 | Reprints | Unlock LinkA Norwich industrial building recently fetched $3.38 million at a New York City investor.

With Land Sale, New Haven Multifamily Project Appears Dead
October 7, 2024 | Reprints | Unlock LinkFairfield developer Post Road Residential sold a triangular parcel of land in New Haven’s East Rock neighborhood to a company planning to open a marijuana dispensary on the site.

Cities, Tenants Left Scrambling When LIHTCs Run Out
By Jesse Bedayn and Arushi Gupta | The Associated Press | October 7, 2024 | Reprints | Unlock LinkWhile Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units across the U.S. could be yanked out from under them in the next five years alone.

New Haven a Top Market for Real Estate Investors
By Sam Minton | October 4, 2024 | Reprints | Unlock LinkWhile New Haven earned a top spot in a recent analysis from Realtor.com of the top markets for residential real estate investors, Greater Boston failed to crack the top 20.

Report: Port Eastside Developers Have Secured Site Control
By James Sanna | October 3, 2024 | Reprints | Unlock LinkA coalition of developers intent on raising around 1,000 new apartments on the East Hartford waterfront have now secured the last piece in the land puzzle.