Commercial & Industrial

Rebuilding The Guts Of A Downtown

Rebuilding The Guts Of A Downtown

Gerry Amodio is a self-described “New Britain lifer,” but it wasn’t until 2010 that his passion for supporting the community became a fulltime job. He sold his family moving and storage business to take on the leadership of the New Britain Downtown District, which collects a property tax surcharge from 85 owners of 112 properties for police patrols, community events and placemaking. The city has seen a rebound in private investment in recent years, as developers focus on building multifamily housing in the downtown core with such projects as the $58 million Columbus Commons complex.

Commercial Mortgage Delinquencies Continue To Decline

The Commercial Mortgage delinquency rate declined 26 basis points to 2.68 percent in October for the fourth consecutive month of declined, according to a new report from Morningstar Credit Ratings LLC. The unpaid balance of commercial mortgages fell 4.5 percent and securitized mortgages rose above $800 million for the first time since 2009.

Sentry Commercial’s Duclos Named VP Of SIOR

President of Hartford-based commercial real estate services company Sentry Commercial Mark J. Duclos recently took office as vice president of the Society of Industrial and Office Realtors (SIOR).