State Makes ‘Progress’ in Rewriting Contamination Rules that Stymie Development
A much-hated state law that’s helped hobble reuse of industrial properties in cities across Connecticut is headed for significant changes.
Mass. Firm Plans Bridgeport Battery Factory
Massachusetts-based Nanoramic Laboratories plans to build an electric car battery factory in Bridgeport that will employ around 200 people, but it’s unclear just where the new development will rise from the ground.
Unanswered Questions Delay Norwich’s Search for Business Park Growth
Norwich economic development officials view nearly 400 acres of undeveloped land off Interstate 395 as an untapped opportunity to expand the city’s commercial tax base and provide a new source of jobs in emerging industry.
Major CT Industrial REIT Gets Takeover Bid
Indus, a New York City-based real estate investment trust with major investments in and around central Connecticut, is being eyed for purchase by one of its investors.
Fed: ‘Larger Number’ of CRE Deals Fell Through in New England
A “larger number” of industrial real estate acquisition and leasing deals are falling through in New England, according to Federal Reserve officials.
Another Major Warehouse Rejected in CT
Scannel Properties’ latest warehouse venture in Connecticut has been stopped by community resistance – the latest in a handful of such projects to fail as some communities cool to the logistics boom.
Big Distribution Center, Little Starter Homes Come to Windsor
A 653-acre parcel that served as a manufacturing hub for an industrial conglomerate in Windsor is taking the next step in its evolution into a master-planned community.
Valley Officials OK Land Sale for Amazon Warehouse
Officials in neighboring Naugatuck Valley cities formally approved the sale of municipally-owned land needed for a large, planned Amazon warehouse.
A Career of Continuity at Colliers Hartford
A partner at age 28 and president of Colliers’s Hartford office at 39, Nicholas Morizio has been part of over $800 million in deals.
Winstanley Anticipates More Industrial Demand in Enfield
Hallmark’s closure of its 1 million-square-foot Enfield distribution center in 2015 set off alarms about the town’s chances of replacing the greeting card manufacturer as a major taxpayer and corporate presence.
Chamber Claims Wind Benefits for Eastern CT Industry
The state needs to set up an agency to help real estate developers and manufacturers navigate the growing offshore wind sector, the report said.
State Doesn’t Have Enough Money to Close Hartford Airfield
The Hartford city council has joined the city’s mayor in calling for the closure of the Hartford-Brainard Airport, a small airfield used by flight schools, public safety flights and entertainers who come to town.
Construction Costs Could Pinch Industrial Boom, Fed Warns
Some industrial real estate market players fear construction cost increases could start to put a dent in the industrial construction boom
Amazon Planning Glastonbury Delivery Station
Amazon officials appeared before Glastonbury’s Planning & Zoning Board last week outlining their plans for yet another distribution facility in central Connecticut.
Report: Cushman & Wakefield to Market Branford Parcel, Biotech Possible
Local developers The Belfonti Cos. and A Secondino & Son have inked an agreement with Cushman & Wakefield to market a 120 acres of former farmland in Branford for development.
Industrial Market Had ‘Remarkable’ Q4 in Hartford
A new report from commercial real estate services firm CBRE said Greater Hartford’s industrial real estate market experienced a “remarkable” fourth quarter.
Connecticut CRE in 2020: Disruption in Warp Speed
COVID-driven disruptions to shopping and spending patterns increased pressure on Connecticut shopping mall landlords in 2020, while adding demand for warehouse and distribution facilities.
CT Begins Renovation Process for Brownfields Law
Connecticut took a step forward last week towards revamping a law that many developers and environmentalists say hobbles efforts to redevelop disused industrial properties around the state.
East Haven Contractor Buys Commerce Street Property
An East Haven contractor has acquired a Commerce Street property and plans to occupy part of the space while utilizing the rest as an investment property.
Waterbury Industrial Building Sells for $1.2M
A Waterbury industrial property has sold for $1.2 million.
