Downtown Greenwich Property Trades for $10.7M
A 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
CBRE Relocating Offices to Stamford Plaza
Office tenants have inked 54,000 in new leases and renewals at Stamford Plaza, the 1 million-square-foot campus owned by New York-based RFR, including a relocation by brokerage CBRE.
REIT Buys Wallingford Shopping Center for $21.4M
A ShopRite-anchored retail property in Wallingford was acquired for $21.4 million by a publicly traded real estate investment trust headquartered in Singapore.
Business Park Including Xerox HQ Trades for $58.5M
A four-building office portfolio in Norwalk that’s home to corporate tenants including the Xerox Corp. headquarters was acquired by an affiliate of Argent Ventures for $58.5 million.
Wilton Offices Trade for $25M
A WIlton office building occupied by tenants including insurers, health care companies and semiconductor suppliers traded for $24.75 million.
Danbury Apartments’ Sale Sets High Water Mark
In the biggest-ticket real estate transaction in the city’s history, a Danbury apartment complex was acquired by San Francisco-based FPA Multifamily.
Engineering Company Expands in Rocky Hill
An engineering company is doubling its footprint at a Rocky Hill office building located at the entrance to the 230-acre Corporate Ridge office park.
Aircraft Leasing Firm Opening Greenwich Office
An alternative investment manager that specializes in aircraft leasing is opening a new office in downtown Greenwich.
Stamford Medical Offices Trade for $19.1M
The 15-year owner of a fully-leased Stamford medical office building sold the property for $19.1 million to a joint venture of Sendero Capital and TPG Angelo Gordon.
Suburban Office Properties Outperform Downtowns in Q1
In a sluggish quarter of office leasing activity in Fairfield County, suburban properties outperformed their downtown counterparts in attracting and retaining tenants.
As Big Markets Pull Back, Elm City Lab Projects Advance
Newly-approved plans for office and medical research space point to potential expansion of New Haven’s life science ecosystem at a time when developers in other cities are having trouble filling space in many of the nation’s largest biotech clusters.
Bigger Office Properties’ Higher Vacancy Rates Persist in Fairfield County
A new analysis of occupancy data by commercial brokerage Avison Young finds that the bigger an office building is in Fairfield County, the more empty it continues to be.
Commercial Lending Starts to Show Signs of Life
Lending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
Amid Surge in Multifamily Deliveries Elsewhere, Hartford Still Sees Rent Growth
The U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
Metro Hartford Office Leasing Drops in Q4
Office leasing in Hartford County declined 17 percent in the fourth quarter of 2023, while the handful of tenants that remained active in the market gravitated toward high-end buildings.
Fairfield County Office Rents Take Another Hit
Office tenants inked just 263,000 square feet of leases and renewals during the third quarter, CBRE reported, an 18 percent decline from the previous quarter.
Downtown Greenwich Offices Trade for $15.5M
A well-leased boutique office building near the Greenwich Metro-North train station was acquired for $15.5 million by a local real estate investor.
State’s Major Office Markets Can’t Gain Traction in Q2
Office tenants’ slimmed-down space requirements continue to temper leasing demand within Connecticut’s major office markets, keeping vacancy rates elevated and favoring high-end properties.
Study Says Small Group of Office Buildings Causing Market Pain
Commercial developers group NAIOP said distress in the office market has been concentrated in a small percentage of buildings that are functionally obsolete.
CBRE Markets Downtown Stamford Office Campus
CBRE will seek to fill nearly 275,000 square feet of vacancies at a four-building office campus in downtown Stamford.
