Commercial & Industrial
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.
CRDA Eyes $16M in Loans for Spinnaker Bushnell Project
By James Sanna | October 2, 2024 | Reprints | Unlock LinkA pair of apartment buildings planned by Norwalk-based Spinnaker Real Estate Partners in Hartford’s Bushnell South development area could get an $8 million boost each – that’s if the Capitol Region Development Authority agrees.
Rhode Island Investor Acquires 68-Unit Groton Portfolio
By Steve Adams | Commercial Record Staff | September 30, 2024 | Reprints | Unlock LinkA Rhode Island-based real estate investor paid $9.25 million for a portfolio of 68 apartments located at three properties near the General Dynamics Electric Boat shipyard in Groton.
Big Norwalk Waterfront Parcel to Become Park, Venue
By James Sanna | September 30, 2024 | Reprints | Unlock LinkA Norwalk couple say they are buying a 125-acre former power plant site in their city from a developer that bought it last year.
Report: Four Teams Shortlisted for New Haven Development
September 27, 2024 | Reprints | Unlock LinkDevelopment of a state-owned site next to New Haven’s Metro-North station took another step forward this week.
Parts of Permitted Farmington Multifamily Site Sells for $1.6M
By James Sanna | September 27, 2024 | Reprints | Unlock LinkMost of a former factory site in Farmington that was been permitted for a multifamily development in 2022 has traded hands for nearly $1.6 million.
States Are Taking the Fight to Squatters
By Lew Sichelman | September 27, 2024 | Reprints | Unlock LinkSome states are taking long-overdue legislative steps to deal with squatters: people who take over others’ properties without their consent, sometimes dumping the owner’s stuff and trashing their homes.
Merger Provides Growth Prospects for Sentry Commercial
By Steve Adams | Commercial Record Staff | September 27, 2024 | Reprints | Unlock LinkA merger with a 50-year-old New Haven County brokerage expands Hartford-based Sentry Commercial’s scope of work in the property management business. Co-founded by Mark Duclos in 1991, Sentry Commercial provides brokerage and advisory, construction management and property management services from a pair of locations in downtown Hartford and Rocky Hill.
Greenwich Mixed-Use Portfolio Sells for $19M
September 26, 2024 | Reprints | Unlock LinkA series of commercial buildings at the corner of Arcadia Road and Sound Beach Avenue Old Greenwich have traded hands for a sizeable sum.
Wallingford Building Fetches $4.1M
By James Sanna | September 25, 2024 | Reprints | Unlock LinkWallingford’s public school district has bought a flex-industrial building in the city for $4.1 million.
Developer JV Plans 300-Plus Apartments in Enfield
By James Sanna | September 25, 2024 | Reprints | Unlock LinkA planned station on the Hartford Line commuter rail hasn’t even started construction and it already has a developer planning a large apartment complex to take advantage of it.
Consigli Completes Purchase of LendLease Construction Ops
By James Sanna | September 23, 2024 | Reprints | Unlock LinkBoston-based Consigli Building Group has formalized its acquisition of Australian developer Lendlease’s construction operations division in New York State and New Jersey.
Report: CRDA Head Freimuth to Step Down
September 20, 2024 | Reprints | Unlock LinkA key player in Hartford’s ongoing downtown revival says he’s ready to “take a sabbatical.”
Report: 96 New Haven Apartments Break Ground
By James Sanna | September 19, 2024 | Reprints | Unlock LinkA big, new market-rate multifamily building in downtown New Haven has broken ground.
How the Federal Reserve’s Half-Point Rate Cut Will Impact CT Real Estate
By James Sanna | September 19, 2024 | Reprints | Unlock LinkThe Federal Reserve Wednesday made its first interest rate cut in over two years a large one – 50 basis points – and senior central bankers signal more cuts are coming.
Out-of-State Lenders Gain Ground in CT CRE Lending
By Sam Minton | September 18, 2024 | Reprints | Unlock LinkCommercial real estate lending has proven to be a source of rapid growth for two large out-of-state banks determined to make inroads in Connecticut.
Manchester’s Buckland Hills Mall to Be Auctioned
By James Sanna | September 18, 2024 | Reprints | Unlock LinkManchester’s Shoppes at Buckland Hills is now on the market. The sale listing from JLL comes a month after a separately-owned anchor space once occupied by a Sears went to auction.
Developer Pitches Extended-Stay Hotel in Downtown Norwalk
By James Sanna | September 17, 2024 | Reprints | Unlock LinkA parking lot could become home to a 210-room hotel under a new proposal to be considered by Norwalk’s Planning & Zoning Commission tomorrow night.
New Haven Coliseum Won’t Get High-End Liquor Store
September 13, 2024 | Reprints | Unlock LinkA potential tenant for Spinnaker Real Estate Partners’ big, multi-phase redevelopment of the old New Haven Coliseum site lost their bid to open a high-end liquor store in the development.
