Manchester Warehouse Sold to New Jersey Investor
A New Jersey real estate investor that specializes in acquisitions of infill industrial properties paid $12 million for a Manchester distribution facility.
Stonington Village Gets $41.5M Financing for Housing
A Stonington mixed-use development will add 160 multifamily units after receiving $41.5 million in financing from Liberty Bank.
$50M Renovation Helps Stamford Offices Buck Vacancy Trend
Stamford’s The Link office complex at 200 Elm St. is unusual for many of its peer buildings: It’s nearly full of paying tenants.
JLL Seeks Buyers for New Haven Class A Building in Default
New Haven landmark 555 Long Wharf Drive, the city’s biggest class A office block, appears to be headed for a forced sale.
Developer of Windsor Logistics Property Buys Land for Next Phase
An affiliate of Massachusetts developer Condyne Capital Partners dropped $1.9 million on a 24.1-acre slice of Windsor farmland according to a warranty deed filed with the Windsor Town Clerk.
Downtown Darien Reinvention Passes Midway Mark
In a county with office vacancies nearing 25 percent, a downtown Darien redevelopment offers a compelling argument for the popularity of workplaces located steps from housing, retail and transit.
Crystal Mall Sells for Over $9M
A troubled mall in Waterford has sold at auction amid a last-minute flurry of bidding.
Report: Hartford Biz, City Leaders Working on Plan for Vacant Offices
With demand for Hartford office space showing little sign of recovery from its pandemic-induced blues, area business leaders and municipal officials are putting their heads together to figure out what to do.
Fairfield Shopping Center Trades for $58M
A retail plaza in tony Fairfield County has fetched $58 million.
The Hartford Sends Employees Back to the Office
In what could be a positive sign for Hartford’s office market, The Hartford insurance company announced its workers will return to the office starting in December.
Hartford Ranked Worst Metro in Real Estate Outlook Report
Greater Hartford ranks dead last among 80 U.S. metro areas in an Urban Land Institute report that gauges economic conditions and investor demand for real estate in 2022.
Winchester Center Set to Add Beds to Meds
A development team that’s establishing a life science cluster in part of New Haven’s former Winchester Arms factory is ready to add up to 950 apartments to the mixed-use project in the next few years.
Three CT Grocery Stores Sell In $295M Multi-State Portfolio Deal
Three central Connecticut Stop & Shop-anchored single-tenant retail buildings have sold as part of a multi-state, $295 million portfolio sale.
Opportunity Knocks for Cold Storage Developers
Industrial development shot to the top of favored real estate asset categories in 2020 as the COVID lockdown generated more demand for groceries delivered through e-commerce channels.
Goedecke Hires JLL Director for Darien Office
Goedecke & Co., a Boston-based commercial mortgage banking company, has hired a veteran of JLL and HFF’s Manhattan offices.
A Marathon, Not A Sprint to Redevelop 390-Acre Site
Once it was billed as the future home of Utopia, a $1.6 billion film studio and theme park that would attract 10 million visitors a year. Now, Preston is counting on the Mohegan tribe as the potential savior for the 390-acre site
New Haven Stakes Claim on Life Science Growth
The growth of New Haven’s biotech industry has prompted steady demand for new lab space in the backyard of Yale School of Medicine, pointing toward an economic growth opportunity creating thousands of high-paying jobs.
New Haven Developer Names Leasing Agent for Lab Space
A joint venture has named JLL as exclusive leasing agent for 90,000 square feet of office and life science space in New Haven’s Winchester Works.
Coronavirus Ripples Create Safe Harbors, Risky Sectors in CRE
As Connecticut non-essential businesses shut down to contain the spread of the new coronavirus, the retail and hospitality sectors are expected to bear the brunt of the short-term effects.
COVID-19 Could Permanently Change CRE Models
The spread of the coronavirus could lead to permanent changes in commercial real estate, including increasing reliance on remote working, online shopping and medtech integration, JLL predicts.
