Commercial & Industrial
S/LA/M Collaborative Launches Rhode Island Office
By Steve Adams | Commercial Record Staff | June 9, 2021 | Reprints | Unlock LinkGlastonbury-based architecture firm S/L/A/M Collaborative is expanding its presence in Rhode Island with the opening of a new Providence office that will pursue work in the education, corporate and health care sectors.
House Passes $46.7B Budget Plan with No Tax Increases
By The Associated Press | June 9, 2021 | Reprints | Unlock LinkConnecticut’s House of Representatives approved a two-year, $46.7 billion state budget deal early Wednesday with no new taxes that lawmakers said will help guide the state as it continues to emerge from the coronavirus pandemic.
House GOP Leader Says Pot Bill ‘Tainted,’ Vote Must Wait
By The Associated Press | June 9, 2021 | Reprints | Unlock LinkWith the Connecticut House of Representatives poised to take up a long-awaited bill that would legalize recreational marijuana for adults, the Republican leader on Tuesday called for an investigation into how language was tucked into the legislation that could have intentionally benefitted at least one individual.
Fairfield County Office Market Loses Ground
By Steve Adams | Commercial Record Staff | June 8, 2021 | Reprints | Unlock LinkOffice occupancy rates have declined 2 percent in the Bridgeport-Stamford-Norwalk area over the past year and the region now has the third-highest vacancy rate among top U.S. metros at nearly 28 percent.
Biden to Launch Task Force on Supply Chain Bottlenecks
By The Associated Press | June 8, 2021 | Reprints | Unlock LinkThe Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
Study: Racial Diversity Stagnated on Corporate Boards
By The Associated Press | June 8, 2021 | Reprints | Unlock LinkMany U.S. companies have rushed to appoint Black members to their boards of directors since racial justice protests swept the country last year.
Newington OKs 25-Acre Development
By James Sanna | June 7, 2021 | Reprints | Unlock LinkA proposal to build hundreds of apartments and a grocery store-anchored retail plaza in Newington now have the town’s initial blessing.
CRE Investors Flock to Boston Biotech
June 7, 2021 | Reprints | Unlock LinkBoston topped all U.S. markets for net lease investment in net lease properties as national levels surged close to pre-pandemic levels in the first quarter of 2021 according to
State Rental Relief Program Revamped After Limited Interest
By James Sanna | June 3, 2021 | Reprints | Unlock LinkThe state’s UniteCT COVID-19 emergency assistance program is seeing some big changes that increase what the state will pay out to landlords.
Construction Costs Could Pinch Industrial Boom, Fed Warns
By James Sanna | June 3, 2021 | Reprints | Unlock LinkSome industrial real estate market players fear construction cost increases could start to put a dent in the industrial construction boom
Report: New Haven Landlord Moves into Hartford Market
June 2, 2021 | Reprints | Unlock LinkA prominent New Haven multifamily landlord is expanding northward with a $7 million buy of two buildings.
Biden, GOP Senator to Meet as Infrastructure Deadline Looms
By The Associated Press | June 2, 2021 | Reprints | Unlock LinkDeadline looming, President Joe Biden is set to meet with the top Senate Republican negotiator on infrastructure as the administration signals time is running out.
Senate Passes Rezoning Bill
June 1, 2021 | Reprints | Unlock LinkThe state Senate has passed a statewide zoning reform bill that aims to usher in a wave of accessory dwelling unit development and curb suburban efforts to prevent multifamily developments.
Raimondo ‘Committed’ to Fixing Lumber Supply Chain Issues
By James Sanna | June 1, 2021 | Reprints | Unlock LinkWith construction costs soaring, a large construction industry lobby group is pressuring the Biden administration to take steps to help push lumber costs down.
Construction Spending Posts Modest Gain in April
By The Associated Press | June 1, 2021 | Reprints | Unlock LinkU.S. construction spending rose a modest 0.2 percent in April as strength in housing offset further weakness in nonresidential construction.
Biotech Expands in Branford
May 28, 2021 | Reprints | Unlock LinkA Branford biotech firm is expanding following the signing of a lease for space in the town’s Business Park Drive development.
Report: Materials Costs Eat at New Haven Building Boom
May 28, 2021 | Reprints | Unlock LinkThe builders behind New Haven’s biggest construction projects say spikes in lumber prices and supply chain disruptions are forcing them to adapt designs and schedules in a hurry.
GOP Senators Propose $928B Infrastructure Plan to Biden
By The Associated Press | May 27, 2021 | Reprints | Unlock LinkRepublican senators outlined a $928 billion infrastructure proposal Thursday, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.
Shoppers Go Back to Stores, but Retailers Face Challenges
By The Associated Press | May 27, 2021 | Reprints | Unlock LinkWith more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic.
Heavy Lifts Pay Off for Stamford Organization
By Steve Adams | Commercial Record Staff | May 27, 2021 | Reprints | Unlock LinkAs head of the Stamford Downtown Special Services District, David Kooris leads an organization whose job he likens to filling in the gaps between the facades of downtown Stamford buildings. But when the pandemic hit, the group faced its biggest test yet.
