Multifamily Construction Up in CT’s Biggest Metros
Fairfield County and the Hartford area are both seeing more housing construction than before the pandemic.
Multifamily Operators Battling Rising Expenses
Multifamily operators are seeing their properties’ running costs continuing to grow, albeit at a slower rate than in years past according to a new report from real estate data firm Yardi Matrix.
Old Lyme Apartments Get Financing for Repositioning
A 12-unit apartment complex in Old Lyme will be repositioned to appeal to a new set of tenants following the receipt of $2.4 million in financing.
Middletown Apartment Complex Sells for $15.62M
A 179-unit Middletown apartment complex has sold for $15.62 million.
New Haven OKs Seven Projects, 202 Apartments for Downtown
Downtown New Haven’s building boom continued chugging along as city officials signed off on seven projects that would bring 202 apartments to the neighborhood Thursday night.
72-Unit Waterford Apartment Complex Secures Construction Financing
A proposed apartment complex near New London has secured construction financing.
Vibrant New Haven Market Draws Multifamily Investments
Despite the state’s reputation for occasionally difficult economic conditions, market-watchers expect the commercial real estate sector to remain strong in all three of Connecticut’s three major metros in the coming 12 months, with New Haven likely to lead the pack.
150 Apartments OK’d for Downtown Danbury
A 150-unit development is testing the idea that there is high demand for downtown living in Danbury.
383-Unit New Haven Portfolio Refinanced
A New Haven-area landlord has received $28.5 million to refinance a large portfolio of multifamily buildings in the area.
44 Apartments Planned for Downtown New Haven Gas Station
The owner of a money-losing downtown New Haven gas station is planning to build 44 apartments on the 0.32-acre site, including microunits.
50 Apartments Proposed Near Downtown New London
The site of a New London cafe will become a 50-unit apartment building under a plan recently approved by the city’s Planning and Zoning Commission.
Ribbon Cut on First of Five New Haven Multifamily Buildings
RMS Cos. is building five apartment buildings on once-empty lots in a neighborhood that links downtown New Haven to its train station.
Three-Apartment New Haven Portfolio Sells for $25.15 Million
A trio downtown New Haven apartment buildings for $25.15 million.
Greystar Hires Exec for New England Projects
Multifamily investor-developer Greystar has hired Gary Kerr as managing director of development for its New England projects.
Three Multifamily Properties Sold For $5M
Three multifamily investment properties in Watertown, Hebron and Bridgeport totaling 76 housing units have been sold for nearly $5 million.
Multifamily Rents Continue To Grow Through January
Average U.S. monthly rents rose by $5 in January, demonstrating strength to start the year after a seasonal flattening at the end of 2016. Rents increased to $1,315, according to Yardi Matrix’s monthly survey of 124 markets. On a year-over-year basis, rents were up 4.6 percent nationwide in January, a 30-basis-point increase from December, though still 240 basis points below the recent high of 7 percent in January 2016.
