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CCIM Institutes' 2023 Midyear Governance Meetings April 15-19 in Boston
February 17, 2023
Boston, MA Join the CCIM Institute for the 2023 Midyear Governance Meetings at The Westin Boston Seaport on April 15-19. Held twice a year, these meetings empower CCIM Institute members to shape the future of the organization and its role in the commercial real estate industry. This year’s event will be held in-person at
CCIM Conn. Chapter to hold workshop on Feb. 28th
February 17, 2023
Guilford, CT The Connecticut CCIM Chapter is holding a workshop to review updates on the Site To Do Business platform on Tuesday, February 28th at the New Haven Middlesex Association of Realtors office at 2730 Boston Post Rd.
Press|Cuozzo leases 3,000 s/f office
February 17, 2023
North Haven, CT Spot-On Networks, Inc. has relocated to the recently renovated Dodge Corporate Center, 57 Dodge Ave. Stephen Press, SIOR of Press|Cuozzo Commercial Services represented the tenant on this long-term lease of 3,000 s/f of
Russell and Edgehill Team at Pearce Real Estate recognized as top producers in 2022
February 17, 2023
North Haven, CT Barbara Pearce, chair/CEO of Pearce Real Estate, honored the company’s top producers for 2022. “2022 was challenging considering the low inventory levels and rising interest rates, yet our agents continued to perform well.
Vidal/Wettenstein sells 32,000 s/f; buyer plans conversion to self-storage
February 17, 2023
Shelton, CT The commercial property located at 917 Bridgeport has been sold to 917 Bridgeport Ave., LLC, an affiliate of Kirchhoff. The buyer will be converting the building to a self-storage facility managed by Extra Space Storage.
Massirio of O,R&L sells 7,000 s/f Plaza 95 for $2.65 million to Arbaz Holdings
February 17, 2023
East Haven, CT Luke Massirio of O,R&L Commercial, LLC brokered the sale of 96 Frontage Rd. for $2.65 million. The one-story, multi-tenant 7,000 s/f Plaza 95 building is on 0.74 acre. The building currently houses three tenants, anchored by Dunkin’ Donuts, Boston Market, and a smoke shop. The building is located off I-95
Borus of NAI Glickman Kovago & Jacobs brokers sale of 24,240 s/f industrial warehouse to Impact Plas...
February 17, 2023
Putnam, CT NAI Glickman Kovago & Jacobs facilitated the sale of 24,240 s/f of industrial warehouse space at 22-30 Park Rd. to Impact Plastics. Impact Plastics is a custom packaging company that uses advanced extrusion thermoforming to provide custom packaging solutions to a myriad of end use markets.
Vidal/Wettenstein sells 4,000 s/f industrial to Greenlawn Irrigation Systems for $405,000
February 17, 2023
Stratford, CT 427-429 Honeyspot Rd. has been sold to a Fairfield-based company which will be relocating to the facility. The 4,000 s/f building sold for $405,000 or $101.25 per s/f. Greenlawn Irrigation Systems which specializes in exterior watering systems for
Lyman Real Estate sells 1,130 s/f office condo to USA Financial & Tax Services at 145 Durham Rd.
February 17, 2023
Madison, CT According to Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development, a 1,130 s/f office condo at 145 Durham Rd. was sold. The property was purchased by Michael Alimo, president and owner of USA Financial & Tax Services, LLC, headquartered in Glastonbury.
BEB Capital acquires 32,745 s/f industrial building at 9 Fairfield Blvd. for $2.3 million
February 17, 2023
Wallingford, CT BEB Capital has acquired 9 Fairfield Blvd. for $2.3 million. The building is located two miles from I-91. The 32,745 s/f property was previously owned by National Filter Media Corp. This is the second industrial acquisition in the town for BEB Capital and the firm has plans to continue building their presence in the area.
Worth Avenue Capital completes $6.25 million debt restructuring
February 17, 2023
Guilford, CT Worth Avenue Capital, LLC has completed a $6.25 million debt restructuring for its investors on a commercial real estate asset in Connecticut. The loan proceeds were initially used to provide mezzanine financing several years ago towards the construction of a ground-up shopping center in Connecticut.
Sherman of Angel Commercial sells 34,583 s/f mixed-use at 430 Main Ave. in Norwalk for $6 million
February 17, 2023
Norwalk, CT Angel Commercial, LLC brokered the sale of 430 Main Ave. for $6 million to an undisclosed investor. The seller was C&H Lew LLC, whose principals owned the property for 15 years. 430 Main Ave. is a 34,583 s/f mixed-use building on 1.52 acres. The building
Coote of Wm. M. Hotchkiss Co. named to Power 25 Real Estate
February 17, 2023
New Haven, CT Richard Coote, president of the Wm. M. Hotchkiss Co., has been recognized as a member of NewHavenBIZ.com’s Power 25 Real Estate - 2022.This list puts the spotlight on real estate agents and developers transforming and making an impact in the Greater New Haven region.
Dietz and Pagani of Colliers sell 7,400 s/f
February 17, 2023
Manchester, CT 9 Brainard Pl. was sold for $345,000 on January 20, 2023. The 7,400 s/f industrial building was purchased by JM Associates, LLC. Christian Dietz and Bob Pagani of Colliers represented buyer.
CBRE promotes MacKenzie and Apfel to first vice presidents of New York Tri-State institutional prope...
February 17, 2023
Hartford, CT CBRE promoted Stuart MacKenzie and Eric Apfel to first vice presidents of the firm’s New York Tri-State institutional properties group. The two work closely with vice chairman and group leader Jeffrey Dunne and together lead the multifamily vertical for the team, advising institutional
Klimek and Fagan of Cushman & Wakefield arrange three leases totaling 50,759 s/f at 1200 Post Rd. Ea...
February 17, 2023
Westport, CT Cushman & Wakefield arranged three leases totaling 50,759 s/f at the renovated 1200 Post Rd. East. Cushman & Wakefield’s Adam Klimek and Jim Fagan represented the landlord, 1200 Post Road LLC, in the transactions.
Strickling and Dube of Sky Realty Group broker sale of The Ottone Apartments for $7.95 million
February 17, 2023
Waterbury, CT Sandy Strickling and Anne-Marie Dube of Sky Realty Group brokered the sale of Ottone Apartments. A New York-based investor acquired Ottone Apartments for $7.95 million ($69,130/unit). The Ottone is comprised of a 10-story high
Associated Subcontractors of Massachusetts names Welch as CEO
February 17, 2023
Boston, MA According to the Associated Subcontractors of Massachusetts, former Massachusetts senator James Welch has been selected to succeed Michael McDonagh as executive director/CEO. McDonagh spent four years at the helm of the organization. Welch assumed the role of CEO on February 1st, 2023.
ABC Chairman’s message: Continuing to provide services that help all our companies succeed
February 17, 2023
If we take a moment to think about when we started in the construction industry, most of us will shake our heads at the thought of how much things have changed. Technology has transformed our lives in recent decades, and it’s unlikely that it’s changed anything more than the way we make a living.
Nauset Construction begins final phase of Cambridge data center
February 17, 2023
Cambridge, MA Construction is underway for the third and final phase of renovations to 300 Bent St., a 90,000 s/f, two-story building that serves as the primary data center for the New England operations of Verizon, Lumen Technologies, and other providers.