Commercial & Industrial
Downtown Development Sites Drive CT’s Housing Production
By Steve Adams | Commercial Record Staff | February 9, 2024 | Reprints | Unlock Link
Connecticut just recorded its highest level of housing permits in a single year since 2015. Despite the rising costs of financing and construction, developers say the multifamily market fundamentals continue to make urban core projects feasible.
Amid Surge in Multifamily Deliveries Elsewhere, Hartford Still Sees Rent Growth
February 7, 2024 | Reprints | Unlock LinkThe U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
East Hartford Looks to Launch New Redevelopment Push
By James Sanna | February 6, 2024 | Reprints | Unlock LinkEast Hartford's mayor is looking for state grant funding to support a look at how the city can spur redevelopment in a third major part of town. Redevelopment of the city's Silver Lane commercial corridor is slowly starting to gain speed, while major warehouse...
Hartford Sees Nation-Leading Jump in Office Conversions
By James Sanna | February 5, 2024 | Reprints | Unlock LinkA new report from Rent Cafe estimates the Greater Hartford pipeline of office-to-residential conversions likely to deliver this year at 930.
Hamden Industrial Building Trades
February 2, 2024 | Reprints | Unlock LinkA freestanding Hamden industrial/flex facility in the town’s business park has changed hands.
Survey: Property Investors Poised to Increase Activity
February 1, 2024 | Reprints | Unlock LinkInvestors are poised to purchase more U.S. commercial real estate in 2024, as they anticipate improved credit conditions as interest rates fall later this year, according to the findings of CBRE’s latest U.S. Investor Intentions Survey.
State Posts Highest Number of Housing Permits Since 2015
By James Sanna | January 31, 2024 | Reprints | Unlock LinkFor the second year in a row, Connecticut towns and cities issued building permits for over 5,000 homes, according to new Census Bureau statistics analyzed by the state Department of Economic and Community Development.
Report: Retail Landlords Look to Fill Space Planned for Amazon Fresh
January 29, 2024 | Reprints | Unlock LinkA pair of grocery store properties in Brookfield and Westport won’t likely be getting the Amazon Fresh stores originally expected to fill them.
Developer Seeks Outlets-to-Apartments Redevelopment
By James Sanna | January 25, 2024 | Reprints | Unlock LinkThe owners of the Tanger Outlets mall in Westbrook want to make a big change to their hilltop property just off Interstate 95.
Signs of Stabilization for CT CRE in 2024
By Steve Adams | Commercial Record Staff | January 24, 2024 | Reprints | Unlock LinkCommercial real estate investors are coming to grips with the higher-interest rate environment and what it means for property values.
Metro Hartford Office Leasing Drops in Q4
By Steve Adams | Commercial Record Staff | January 22, 2024 | Reprints | Unlock LinkOffice leasing in Hartford County declined 17 percent in the fourth quarter of 2023, while the handful of tenants that remained active in the market gravitated toward high-end buildings.
New Haven Approves Pickleball Center for Parking Lot
January 19, 2024 | Reprints | Unlock LinkNew Haven’s Westville neighborhood will be gaining a new sports center – for pickleball.
West Hartford OKs Wetlands Permits for Big Development
January 19, 2024 | Reprints | Unlock LinkRedevelopment of a vacant former UConn campus in West Hartford that’s been at the center of a contentious debate in that town took an important step forward when officials granted it wetlands permits.
Bridgeport Luxury Apartments Break Ground
By James Sanna | January 17, 2024 | Reprints | Unlock LinkA big luxury apartment complex in Bridgeport’s Steelpointe Harbor redevelopment officially broke ground amid snow piles Tuesday, with elected officials praising the project as “transformative.”
RMS Prepares to Open Hartford Hotel-Apartment Conversion
January 16, 2024 | Reprints | Unlock LinkMajor Connecticut developer RMS Cos. is preparing to open its latest multifamily development, a hotel-to-apartment conversion in downtown Hartford.
With DEI Under Legal Attack, Companies Quietly Alter Programs
By Alexandra Olson, Haleluya Hadero and Anne D'Innocenzio | The Associated Press | January 16, 2024 | Reprints | Unlock LinkDiversity and inclusion experts say the legal backlash is already having a chilling effect over corporate efforts to address workplace inequality at a time when investment and interest in such initiatives have slowed following the post-Floyd surge.
Men Sentenced in $50M Hartford Apartment Mortgage Fraud
January 15, 2024 | Reprints | Unlock LinkTwo men were sentenced in federal court last week for what prosecutors called a “wide-ranging” mortgage fraud scheme involving 24 loans on “numerous” multifamily properties in Hartford.
Pro Soccer Team to Build Stadium on Bridgeport Harbor
By James Sanna | January 10, 2024 | Reprints | Unlock LinkThe newest team in the MLS NEXT professional soccer team wants to call Bridgeport home after redeveloping the city’s former greyhound racing track next to the Steelpointe Harbor redevelopment near downtown.
Report: New Hartford Mayor Aims for Business-Friendliness
January 8, 2024 | Reprints | Unlock LinkThe new mayor of Connecticut’s capitol city said his economic development strategy will hinge on making his administration easy for businesses to approach.
Fairfield Office Building Sells for $1.95M
By James Sanna | January 8, 2024 | Reprints | Unlock LinkSitting at a neighborhood crossroads near the town’s second Metro-North train station, 883 Black Rock Turnpike traded hands at the end of December.
