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CT CCIM awards Kazantzis CCIM Designation
June 21, 2024
Brooklyn, CT The CCIM Connecticut Chapter is pleased to announce that Andrea Kazantzis of Kazantzis Real Estate in Brooklyn, Conn., was awarded the Certified Commercial Investment Member (CCIM) Designation by the CCIM Institute,
WAC closes $100,000 commercial loan
June 21, 2024
Hamden, CT Worth Avenue Capital, LLC (WAC) has closed a $100,000 commercial loan for a Connecticut based real estate investor. The loan proceeds will be used for debt restructuring purposes and the loan is secured by a blanket second mortgage on a multi-family income producing investment property
Northeast Private Client Group arranges sale of 22,984 s/f mixed-use property
June 21, 2024
Bridgeport, CT Northeast Private Client Group (NPCG) has sold The Fairfield, a 22,984 s/f, four-story mixed-use property located at 2258 Fairfield Ave. Vice president of brokerage Robert Paterno and managing director, Brad Balletto represented the seller
O’Hara of Coldwell Banker Commercial relocates Kreitler Financial HQ
June 21, 2024
New Haven, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial represented Kreitler Financial in a 5,200 s/f office relocation at One Century Tower with Konover Commercial.
CT Green Bank launches Solar Marketplace Assistance Program
June 21, 2024
Hartford, CT To help owners and residents of affordable multifamily housing have easier access to the benefits of solar energy and battery storage, the Connecticut Green Bank’s Solar Marketplace Assistance Program (Solar MAP) is now available to affordable properties
Press|Cuozzo brokers two sales at
$252,000 and inks one lease
June 21, 2024
Hamden, CT Mark Foreman of Press|Cuozzo has sold two contiguous industrial condominiums at 35 Corporate Ridge. Units 6 and 7 were 1,000 s/f each and closed at $252,000. Foreman represented the seller. Troy Clark, and Joe Scarpellino of Coldwell Banker represented the buyer
Beacon Communities break ground on 76 affordable apartments
June 21, 2024
New Haven, CT Beacon Communities has broken ground on a mixed-use development, creating 76 new apartments in the Ninth Square District. This groundbreaking ceremony featured a speaking program that included mayor Justin Elicker
Bruner/Cott to construct 18,700 s/f
Integrative Arts Lab at Wesleyan
June 21, 2024
Middletown, CT Designed as a new hub for artistic expression and collaboration, Bruner/Cott’s 18,700 s/f Integrative Arts Lab is now under construction at Wesleyan University. Building on its award-winning heritage of reimagining historical structures
Elm City Bioscience Center welcomes
three leases - 40,000 s/f
June 21, 2024
New Haven, CT XingImaging, LLC (a Mitro company), Revalia Bio, Inc., and General Biological Corporation, have selected Elm City Bioscience Center at 55 Church St. for their new locations. Occupying a total of nearly 40,000 s/f, these three companies will join the Bioscience Center’s community
IPA facilitates 185-unit historic residential conversion sale
June 21, 2024
Beacon Falls, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of 185 residential units at Beacon Mill Village, a historic mill conversion completed in 1988.
Walsh of A.P. Construction receives David N. LaBau Award by Construction Institute
June 21, 2024
Stamford, CT Tom Walsh, executive vice president of A.P. Construction Company, has received the Construction Institute’s David N. LaBau Lifetime Recognition Award. He will be honored at the Institute’s annual dinner and awards event on June 6, 2024.
Angel Commercial brokers two sales
totaling $2.925m, 24,295 s/f
June 21, 2024
New Haven, CT Angel Commercial, LLC has completed the sale of the historic office property located at 27 Elm St. in New Haven for $1.525 million. The office building is 11,119 s/f and is situated on 0.31 acres. Brett Sherman, CCIM
Condyne Capital and Polar Design to begin
phase II at Baker Hollow Logistics Center
June 21, 2024
Windsor, CT Condyne Capital Partners and Polar Design Build are ready to install tilt up walls for phase II at Baker Hollow Logistics Center. All site work has been completed including the laying of utilities, foundation poured, and ground has been leveled.
Real Estate Finance Association jumps into Summer
June 14, 2024
Boston, MA REFA held its Annual Past President Luncheon on Wednesday, May 29th at Nutter McClennen & Fish LLP. The gathering brings together the current president, Ravi Ragnauth, Berkshire Residential Investments and all past presidents to network, learn what REFA has accomplished the past year, and share ideas for how to continuously grow the association.
Related Beal closes financing on Innovation
Square Phase III development
June 14, 2024
Boston, MA Related Beal has closed financing on Innovation Square Phase III (ISQ3), a 345,000 s/f life science development in the city’s Raymond L. Flynn Marine Park (RLFMP). Details of the financing were not disclosed.
East Cambridge Savings wins two New England Financial Marketing Association awards
June 14, 2024
Cambridge, MA East Cambridge Savings Bank won two gold awards at the New England Financial Marketing Association (NEFMA) Spring Conference. The bank’s “K to College” campaign and four-month CD campaign were both recognized with a NEFMA gold award in the best 2023 Digital Marketing campaign
MassDevelopment issues $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, I...
June 14, 2024
Boston, MA MassDevelopment has issued a $12.08 million tax-exempt bond on behalf of Inquilinos Boricuas en Acción, Inc. (IBA), which will use proceeds to build the city’s new home for Latinx art and community empowerment, La CASA: The Center for Arts, Self-Determination,
The Village Bank promotes employees at annual meeting
June 14, 2024
Newton, MA At The Village Bank’s recent annual meeting, president and CEO Joseph De Vito announced the following officer promotions: Lisa Boccabella will assume the new title of senior vice president, chief risk officer.
Eastern Bank provides financing for Capstan Atlantic’s conversion to employee-owned company
June 14, 2024
Boston, MA Eastern Bank has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, Mass., Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry
Worth Avenue Capital provides $1.5 million loan
June 14, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $1.5 million short-term bridge loan for a local home builder. The loan proceeds will be used for working capital purposes by the borrower and the loan is secured by a blanket second mortgage on two recently constructed luxury homes,