Commercial & Industrial
Manchester Shopping Plaza Fetches $19M
December 18, 2023 | Reprints | Unlock LinkThe Manchester Parkade shopping center has changed hands for $19.2 million.
Report: Controversy Delays West Hartford Campus Redevelopment
December 15, 2023 | Reprints | Unlock LinkNeighborhood concerns about traffic generated by the hundreds of apartments and new commercial space planned for a former UConn campus in West Hartford threaten to drag its approval process out for a significant amount of time.
New Haven Student Housing Sells to Local College
December 13, 2023 | Reprints | Unlock LinkOne of New Haven’s higher education institutions sold a collection of student housing buildings it owns to a well-known local landlord for $7.4 million.
Rocky Hill Shopping Plaza Sells for $11M
By James Sanna | December 12, 2023 | Reprints | Unlock LinkA shopping plaza that’s part of a major commercial corridor in Rocky Hill has traded hands for $11 million.
Bridgeport Sets Up Rent Control Board
December 8, 2023 | ReprintsBridgeport is now the latest Connecticut city to set up a local Fair Rent Commission to adjudicate cases where a tenant objects to a big rent increase.
Downtown Darien Reinvention Passes Midway Mark
By Steve Adams | Commercial Record Staff | December 7, 2023 | ReprintsIn a county with office vacancies nearing 25 percent, a downtown Darien redevelopment offers a compelling argument for the popularity of workplaces located steps from housing, retail and transit.
Manchester Engineer CEO to Head CBIA Board
December 7, 2023 | Reprints | Unlock LinkThe CEO of Manchester engineering, planning and design firm Fuss & O’Neill is getting his turn to steer the state’s largest business group.
Yale Drops $140M on New Haven Labs
By James Sanna | December 7, 2023 | Reprints | Unlock LinkYale University has bought a downtown New Haven office-to-lab conversion it’s occupied since the mid-2000s.
New HUD Leader Is Sharing Knowledge, Building Homes
By James Sanna | December 1, 2023 | Reprints | Unlock LinkAt the federal Department of Housing and Urban Development, Juana Matias is on a mission to make sure knowledge about how to leverage federal affordable housing funds to build a career in housing development knows no color line.
Downtown Norwalk Property Gets $20M Refresh
By Steve Adams | Commercial Record Staff | November 30, 2023 | Reprints | Unlock LinkA $20 million gut renovation project by Norwalk-based Seligson Properties updated a 68-year-old bank building that includes Stamford Health medical offices and a Wells Fargo Bank branch.
New Haven Storefronts Fetch $7M
November 29, 2023 | Reprints | Unlock LinkThe two adjoining storefronts sit at 51-55 and 57-61 Broadway, on one of the city’s main retail blocks adjoining the Yale University campus that’s also home to the popular “Shops at Yale.”
CRE Loan Originations Fall 49 Percent as Lending Standards Tighten
By James Sanna | November 21, 2023 | Reprints | Unlock LinkA quarterly report released by the Mortgage Bankers Association earlier this month shows that, nationwide, commercial real estate and multifamily loan originations were down 49 percent by volume year-over-year across the country during the late summer and fall.
A Resource for Lifelong Learners in Construction
By Steve Adams | Commercial Record Staff | November 16, 2023 | Reprints | Unlock LinkFounded in 1976 to keep Connecticut’s construction industry competitive through continuing education, The Construction Institute at the University of Hartford is expanding its geographic reach under Nancy Greenwald to keep industry professionals up-to-date.
Westport Retail Property Fetches $3.9M
By James Sanna | November 16, 2023 | Reprints | Unlock LinkA retail property along Westport’s Post Road commercial strip has changed hands for $3.9 million.
RMS Seeks OK for Next Big Hartford Development
By James Sanna | November 15, 2023 | Reprints | Unlock LinkDeveloper Randy Salvatore is not yet done with his 1,000-unit Downtown North development in downtown Hartford – recently released from legal purgatory – and he’s already laying the groundwork for a new project.
Torrington Medical Offices Sell for $8.1M
November 15, 2023 | Reprints | Unlock LinkA single-story medical office in Torrington fetched $8.15 million in a recent sale.
Lamont Picks Investor as DECD Head
By James Sanna | November 15, 2023 | Reprints | Unlock LinkGov. Ned Lamont’s office announced that the state’s chief innovation officer, tech investor Daniel O’Keefe, will take over as commissioner of the Connecticut Department of Economic and Community Development.
Fannie Mae Extends Pilot Program that Boosts Credit Scores
By James Sanna | November 14, 2023 | Reprints | Unlock LinkFannie Mae is adding another year to a pilot program that can help landlords boost tenants’ credit scores by reporting on-time rental payments, and making it free for more landlords to join.
Developer Sells 13-Acre Empty Lot Near New Haven Train Station
By James Sanna | November 14, 2023 | Reprints | Unlock LinkA Massachusetts developer is shedding a huge parcel of land once occupied by workforce housing near downtown New Haven, and earning $21 million in the process.
Cheshire Industrial Building Sells for $1.6M
November 13, 2023 | Reprints | Unlock LinkAn industrial building in Cheshire has sold for $1.6 million.