News: Brokerage

Old Saybrook Senior Housing receives grant donation from Essex Bank

Old Saybrook, CT Continuing its yearlong celebration of 175 years of relationships, Essex Bank has donated $1,851 to Old Saybrook Senior Housing. The amount honors the bank’s founding in 1851 and reflects its ongoing commitment to the communities it serves.

This February gift builds on Essex Bank’s anniversary initiative, which includes monthly surprise donations to local nonprofits throughout the year in the categories of aging, affordable housing, youth, and culture.

“As we celebrate 175 years, we’re proud to continue investing in organizations that make a difference right here at home,” said Diane Arnold, president and CEO of Essex Bank. “Each donation is a reflection of the relationships that have sustained us for generations.”

Essex Bank will continue its 175th anniversary giving campaign with additional nonprofit donations in the months ahead.

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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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