Commercial & Industrial

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.

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.