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SIOR Chapter market survey
August 18, 2023
Hartford, CT The Connecticut/ Western Massachusetts chapter of SIOR released the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period January 2023 through June 2023 within Connecticut and western Massachusetts.
PWC Connecticut appoints 2023-2024 board of directors
August 18, 2023
Hartford, CT On July 1st, the Professional Women in Construction Connecticut Chapter (PWC CT) welcomed their new board for the 2023-2024 program year. Board officers and directors are elected by the PWC CT Chapter members. Dawn Meeker stepped into the role of chapter president. Meeker is a CPA and partner at Marcum LLP. She has over 30 years’ experience in accounting in the AEC industry.
The Ashforth Company unveils living wall installation designed by Plants a la carte
August 18, 2023
Stamford, CT The Ashforth Company unveiled a living wall installed at its headquarters located at their owned property, 707 Summer St. This feature aims to enhance the building’s main lobby space and provide environmental, health, and wellness benefits to the tenants, employees, and visitors.
CCIM CT to hold CI 102 course September 11-14th
August 18, 2023
East Hartford, CT The CCIM Connecticut Chapter will hold a CI 102 Course, “Market Analysis for Commercial Investment Real Estate,” on September 11-14 at Goodwin University. The course will be taught by Connecticut chapter past president and CCIM 2022 Instructor of the Year Stanley Gniazdowski, CCIM, CRE.
Union Savings Bank makes executive management changes and adds Downey to wealth management team
August 18, 2023
Danbury, CT Cynthia Merkle of Union Savings Bank board of trustees is retiring as CEO of the community bank. Current president Chelen Reyes has been elected to serve as both president and CEO. Kimberly Downey has also joined the bank’s wealth management team as vice president, trust officer and fiduciary advisor.
Connecticut CCIM Chapter Deal of the Month - $1.65m sale of 538-550 Broad St.
August 18, 2023
Hartford, CT The Connecticut CCIM Chapter said that Brandon Rush of Berkshire Hathaway Home Services - Cozzi Team represented the seller in the sale of 538-550 Broad St. The property, known as the Broad Street Twins, are two brick multi-family properties in the Frog Hollow neighborhood within walking distance to the Capitol Building.
Tenerity Inc. relocating to 27,211 s/f space at Clarion Partners’ Merritt 7
August 18, 2023
Norwalk, CT Clarion Partners LLC and Marcus Partners have released the signing of three new tenants at Merritt 7 Park, including customer engagement and marketing firm Tenerity Inc. relocating from their previous headquarters in Stamford. Tenerity has signed a lease for 27,211 s/f on the 5th floor of building 401.
Cushman & Wakefield arranges 4,200 s/f lease at Mohegan Sun
August 18, 2023
Uncasville, CT Cushman & Wakefield has arranged the lease of Athleta at Mohegan Sun. The new 4,200 s/f retail outlet that provides versatile premium performance apparel for women athletes opened at 10:00 am, located in the Shops at Mohegan Sun, which stretches 130,000 s/f. “We are thrilled to have arranged a lease for Athleta at this exceptional property,” said Carl Wunderlich, director, Cushman & Wakefield
Bellard of Colonial Properties facilitates
two leases totaling 9,156 s/f
August 18, 2023
Orange, CT Colonial Properties, Inc., has completed the following transactions completed by Gary Bellard. Bellard, broker of Colonial Properties, Inc., represented the landlord, Khiman and Vandana Pursnani, in the leasing of a 4,156 s/f retail building on 1.06 +/- acres located at 175 Boston Post Rd.
Bongiorni of SR Commercial Realty completes leasing of five mixed-use units at Union Place Apartment...
August 18, 2023
Hartford, CT Paul Bongiorni of SR Commercial Realty has completed the lease-up of five street level commercial units downtown. The mixed-use residential and commercial property at 74 Union Pl., known as Union Place Apartments, will now host a mix of retail, dining, and nightlife tenants.
Union Savings Bank opens
new branch and Advice Center
August 18, 2023
Norwalk, CT Union Savings Bank CEO Cynthia Merkle and team celebrated the opening of a new full-service branch and Advice Center. Located at 454 Main Ave., the office will be supported by the bank’s Solutions Teams, a group of local specialists that offer customized personal and business banking solutions.
Hoffmann Architects + Engineers awards first Diversity Advancement Scholarship to Shrestha
August 18, 2023
New Haven CT Hoffmann Architects + Engineers has named the first recipient the Hoffmann Diversity Advancement Scholarship. Now in its inaugural year, the Hoffmann Scholarship was established in collaboration with the Connecticut Architecture Foundation (CAF) to support students from underrepresented racial or ethnic groups who are seeking degrees in architecture or engineering.
Strickling and Dube of Sky Realty broker
sale of apartment complex for $2.959m
August 18, 2023
Bristol, CT Sandy Strickling and Anne-Marie Dube of Sky Realty Group broker the sale of a 20-unit luxury apartment complex located in between downtown and Bristol Hospital. A Connecticut shoreline based investor acquired the luxury complex for $2,958,500 ($147,925/unit).
Dartmouth Property Management joins Atlantic Retail to create Atlantic Property Management
August 11, 2023
Boston, MA Dartmouth Property Management, a boutique, full-service commercial property management and advisory firm, has joined Atlantic Retail, a best-in-class leasing, capital markets and investment advisory firm, creating Atlantic Property
Shawmut Design and Construction reaches two million dollars raised for Pan-Mass Challenge
August 25, 2023
Boston, MA Shawmut Design and Construction, a leading $1.3 billion national construction management firm, participated in the 2023 Pan-Mass Challenge (PMC), marking the sixteenth consecutive year the firm has partaken in the two-day bike-a-thon in Massachusetts. This year, Team Shawmut has raised almost $100,000 and counting—accumulating over two million dollars in total fundraising to support Dana-Farber Cancer
Atlantic Retail sells 65 – 75 Mystic Ave
August 4, 2023
Somerville, MA Atlantic Retail has announced the sale of 65-75 Mystic Ave in Somerville, MA. The 11.5 acre property inclusive of Home Depot is located in the Assembly Square neighborhood which has rapidly densified in the past decade
The Foncellino Team of Coldwell Banker Commercial leases 4,500 s/f of retail space
August 11, 2023
Cumberland, RI The Foncellino Team of Coldwell Banker Commercial listed and leased 4,500 s/f of retail space at 1726 Mendon Rd. to Lush Nail Spa. The landlord is Tonetti Enterprises. The tenant plans to renovate the space. Other tenants in the strip center
Horvath & Tremblay sells three properties in New England totaling $4.76 million
August 11, 2023
West Warwick, RI Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of a KFC property. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2.265 million.
Kirton of Lila Delman Compass facilitates sale of “The Boxcroft” at 7 Red Cross Ave. for $3.5 mi...
August 11, 2023
Newport, RI Lila Delman Compass said that associate broker Eric Kirton represented the buyer in the sale of 7 Red Cross Ave., known as “TheBoxcroft”.
City of Warwick successfully repurposing former buildings - by Mayor Frank Picozzi
August 11, 2023
Warwick’s diverse commercial mix, expanding residential options, miles of scenic waterfront, and great recreational facilities are just some of the many reasons people are eager to live in and operate a business here. Add in convenient access to Rhode Island T.F. Green International Airport,