Commercial & Industrial
Report: Hartford Landlord Fights Landmark Tower’s Foreclosure
March 14, 2024 | Reprints | Unlock LinkAdd another Hartford office tower to the list of those in trouble.
Bristol Land Sells for Mixed-Use Project
By James Sanna | March 13, 2024 | Reprints | Unlock LinkA piece of commercial land and a single-family home in Bristol has traded hands so a developer can build a mixed-use project.
Orange Retail Building Trades for $3.16M
March 12, 2024 | Reprints | Unlock LinkA prominent retail property in Orange has traded hands for $3.16 million.
Heat Pumps that Fit in Apartment Windows Promise Big Emissions Cuts
By Isabella O'Malley and Ingrid Lobet | The Associated Press | March 11, 2024 | Reprints | Unlock LinkFor 27 years, the heat in Regina Fred’s Queens apartment building came from a noisy steam radiator that she couldn’t control and sometimes didn’t come on at all, leaving her shivering. Sometimes, the radiators ran so hot that residents had to keep their windows open...
$30M Infill Project Rises at Gateway to Windsor Center
By Steve Adams | Commercial Record Staff | March 8, 2024 | Reprints | Unlock LinkAfter a stint as chief operating officer of New York developer Tishman Speyer’s operations in Brazil, Gregory Vaca returned to his native Connecticut during the pandemic to put his commercial real estate experience to work pursuing his own projects.
Biden Pledges More Funds, Regulatory Crackdown to Address Housing Costs
By James Sanna | March 8, 2024 | Reprints | Unlock LinkAmong the many proposals and pledges included in his State of the Union speech Thursday night, President Joe Biden called on Congress to pass a package of tax credits and other funding measures to help address the nation’s housing shortage.
Bristol Wants Developers for Prominent Ex-Factory
By James Sanna | March 7, 2024 | Reprints | Unlock LinkBristol officials are hoping to interest housing developers in a large, city-owned industrial property near their city’s downtown.
TD Bank Gives $1M to Expand Affordable Developer’s Assistance Program
By James Sanna | March 7, 2024 | Reprints | Unlock LinkThe Community Builders, a national nonprofit developer of affordable and supportive housing, now has $1 million courtesy of TD Bank to scale up its Home Room housing instability pilot program.
Bigger Office Properties’ Higher Vacancy Rates Persist in Fairfield County
By James Sanna | March 6, 2024 | Reprints | Unlock LinkA 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.
State Makes ‘Progress’ in Rewriting Contamination Rules that Stymie Development
By James Sanna | March 4, 2024 | Reprints | Unlock LinkA much-hated state law that’s helped hobble reuse of industrial properties in cities across Connecticut is headed for significant changes.
Report: Spinnaker Buys Final Parcel for Big Hartford Redevelopment
February 29, 2024 | Reprints | Unlock LinkDowntown Hartford’s Bushnell South project just passed a major hurdle as Norwalk-based Spinnaker Real Estate Partners completed site assembly for the redevelopment.
Inside New Haven Wealth Firm’s New High-Rise Offices
By James Sanna | February 28, 2024 | Reprints | Unlock LinkNew Haven architecture firm Svigals + Partners is showcasing the work it did designing a new headquarters office for local wealth management company Kreitler Financial on the fifth floor of downtown New Haven’s One Century Tower.
Macy’s to Close 150 Stores as Sales Slip and It Pivots to Luxury
By Anne D'Innocenzio | The Associated Press | February 27, 2024 | Reprints | Unlock LinkMacy’s will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales.
New York AG: I’ll Seize Trump’s Towers If He Can’t Pay $454M Fraud Debt
By Michael Sisak | The Associated Press | February 22, 2024 | Reprints | Unlock LinkDonald Trump could be at risk of losing some of his prized properties if he can’t pay his staggering New York civil fraud penalty. With interest, he owes the state nearly $454 million — and the amount is going up $87,502 each day until he pays.
Hamden Developer Charts East Coast Expansion
By Steve Adams | Commercial Record Staff | February 22, 2024 | ReprintsMichael Belfonti made his first real estate deal as a junior in college, lining up investors to acquire a nearby roominghouse. Then, rather than working his way up through the ranks at a bigger real estate company, Belfonti chose to build his own development firm from scratch.
Developers Shelve HealthTech Park Project in Branford
By Steve Adams | Commercial Record Staff | February 21, 2024 | Reprints | Unlock LinkA life science development planned for a Branford industrial park has been shelved after the withdrawal of a joint venture partner.
Commercial Lending Starts to Show Signs of Life
By Steve Adams | Commercial Record Staff | February 20, 2024 | Reprints | Unlock LinkLending 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.
Credit Union Acquires Historic Building in Cheshire
February 16, 2024 | Reprints | Unlock LinkNorwalk-based Sound Federal Credit Union has acquired a new location in Cheshire, where it intends to open a full-service lending subsidiary.
Affordable Housing Proposed to Replace Historic Building in New Haven
February 15, 2024 | Reprints | Unlock LinkThe New Haven Board of Zoning Appeals earlier this week heard a proposal to tear down a vacant building on Orchard Street to make way for affordable housing.
Regional Banks Report Troubled Office Loans
By Nika Cataldo | February 15, 2024 | Reprints | Unlock LinkThe fourth quarter earnings calls of regional banks with branches in Connecticut revealed an increasing share of troubled office loans, a trend that may continue in the next few quarters.