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Erland Construction welcomes Kennedy as business development manager
June 23, 2023
Burlington, MA Erland Construction has hired Kelly Kennedy as business development manager. Kennedy will be responsible for developing and supporting Erland’s relationships with new and existing clients in the advanced technology/life sciences, as well as the company’s other target market sectors
Malone Commercial brokers sale of East Brown Cow property to local boutique
June 23, 2023
Portland, ME East Brown Cow and Malone Commercial Brokers are welcoming the arrival of Bella Funk, a local clothing and gift boutique, to Portland’s historic Old Port. Bella Funk has signed a four-year lease for street-level retail at 43 Exchange St. The 1,717 s/f space is open to the public. The lease was brokered by Pete Harrington of Malone Commercial Brokers.
McMahon and Ginsberg of Summit Realty
sell 6,098 s/f restaurant building for $1.4m
June 23, 2023
Tilton, NH Summit Realty Partners, Inc. arranged the sale of a 6,098 s/f, 135-seat, full-service restaurant building on 3.32 acres. 18 Lowes Dr.(Rte. 3) sold for $1.4 million on June 1, 2023. Summit Realty Partners, Inc. was approached by the property owner in January 2023 with a requirement to sell or lease the property after discovering that their current tenant was not planning to renew its lease.
Mainsail Management completes two sales totaling
$18 million - 563-567 Columbus Avenue
June 23, 2023
Boston, MA Mainsail Management completed the sale of 563 - 567 Columbus Ave. The property was developed into nine condominiums, bringing in $9 million in sales.
The Hamilton Company receives support from local residents for One Union Square development
June 30, 2023
Somerville, MA The Hamilton Company received encouragement by supportive public comments and the overall response from local residents at a May 18 city-sponsored public hearing to discuss the company’s One Union Square development.
Regazzini of Combined Properties arranges 9,038 s/f lease
renewal to NICE North America at Two ...
June 23, 2023
Peabody, MA According to Combined Properties, Inc., NICE North America, formerly Nortek Security & Control, LLC, has renewed a 9,038 s/f lease at Two Corporation Way, a first-class office building in Centennial Park.
Working from home in a former office: Office space to residential conversion - by Joshua Cole
June 23, 2023
While employees continue to embrace the benefits of remote work, commercial property owners face the challenge of continued vacancy rates. As leases expire and businesses reduce space to account for full or partial remote work, commercial property owners need to reassess their holdings.
Union Savings Bank to open full-service branch in Norwalk
June 23, 2023
Norwalk, CT Union Savings Bank (USB) CEO Cynthia Merkle said that a new full-service branch and Advice Center will be opening in late spring. Located at 454 Main Ave., the new office will be supported by USB’s Solutions Teams, a group of local specialists that offer customized
Grathwohl of David Adam Realty sells 6,417 s/f for $2.45 million
June 23, 2023
New Canaan, CT Sean Grathwohl of David Adam Realty, Inc. sold “The Bank Building” a 6,417 s/f mixed-use former bank building at 87 Main St. for $2.45 million. The building, formerly occupied by a Thai restaurant for 15+ years, is located next to the town hall
Connecticut CCIM Chapter to hold designation course CI 102 on September 11 – 14 at Goodwin Univers...
June 23, 2023
East Hartford, CT The Connecticut CCIM Chapter will hold a core designation course, CI 102 “Market Analysis for Commercial Investment Real Estate” on September 11 – 14, 2023 at Goodwin University taught by Stan Gniazdowski, CRE, CCIM and 2022 CCIM Institute Instructor of
Carcaterra joins Building and Land Technology as executive vice president
June 23, 2023
Stamford, CT Building and Land Technology (BLT) appointed Brian Carcaterra as executive vice president. Prior to joining BLT, Carcaterra spent over two decades as a broker and senior leader at Newmark Group, Inc. and CBRE Group, Inc. specializing in agency and tenant representation. He also co-founded
Eliopoulos and Doyle of Colonial Properties broker four leases totaling 9,500 s/f
June 30, 2023
New Haven, CT Michael Richetelli, president/designated broker of Colonial Properties, Inc., said that the firm has completed four leases. Kosta Eliopoulos, Realtor, represented the landlord, B&L Ramsdell, LLC, in the leasing of 2,200 s/f of industrial space at 149 Ramsdell
Connecticut Green Bank updates Smart-E loan program
June 23, 2023
Hartford, CT The Connecticut Green Bank has made updates to its Smart-E loan program designed to help more homeowners take advantage of low-interest financing to access energy-saving technologies. The loan’s maximum amount will increase from a $40,000 limit to a $50,000 standard maximum,
3650 REIT originates $58 million
loan for 264-unit Brookview Commons
June 23, 2023
Danbury, CT 3650 REIT (3650) has originated a $58 million loan to refinance Brookview Commons, a 264-unit multifamily property. The loan was originated from 3650’s stable cash flow investment platform,
Vidal/Wettenstein negotiates 5,745 s/f warehouse lease to Hornblower Marine
June 30, 2023
Stratford, CT A portion of the industrial building at 190 Charles St. has been leased to Hornblower Marine. The 5,745 s/f section will be used for parts warehouse and repair of boat engines. The building is home to the Edwin Gaynor Company which occupies the front
Jewett to build 31,000 s/f Porsche
dealership for Hoffman Auto Group
June 23, 2023
East Hartford, CT Jewett Construction partnered with Hoffman Auto Group, to construct their Porsche dealership. This 31,000 s/f facility will be one of four locations in the U.S. featuring Porsche’s brand-new Generation 5 design once complete.
Press|Cuozzo Commercial sells 9,116 s/f
mixed-use for $1.65 million
June 23, 2023
New Haven, CT Stephen Press, SIOR, co-principal of Press|Cuozzo Commercial Services negotiated the sale of 987 State St., a 9,116 s/f, East Rock, mixed-use building with a combination of office and retail on the ground level, and five residential units on the upper floors. Press
The Construction Institute honors Hoffmann Architects + Engineers
June 23, 2023
Hartford, CT Hoffmann Architects + Engineers has been awarded the Construction Institute’s Special Industry Recognition Award for outstanding contributions to the industry and community, specifically honoring the firm’s work advancing diversity, equity,
Paulson and Wilson of Marcus & Millichap
arrange $8.25 million sale of 56,564 s/f office
June 23, 2023
Guilford, CT Marcus & Millichap brokered the sale of Innovation Park, a 56,564 s/f office property. According to Benjamin Yelm, regional manager of the firm’s Charleston office, the asset sold for $8.25 million.
Primrose Schools hires Jackson and Koros and continues to expand with eight new locations
June 16, 2023
Boston, MA Primrose Schools, the premier early education and care leader with more than 480 franchised locations, kicked off 2023 with the opening of eight new locations and an incoming pipeline totaling 17 schools currently under construction. In addition, Primrose added two executives to its leadership team – Dr. Amy Jackson,