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CT CCIM hosts annual economic forecast webinar January 25th
January 20, 2023
Guilford, CT This is a can’t miss event from one of the best in the business, Mike Goman, principal of Goman + York, who has spent his 40-year career acting as an advisor and analyzing real estate trends for his client’s strategic plans.
Wickey of Saugatuck Real Estate brokers two leases totaling 3,350 s/f
January 20, 2023
Westport, CT Penny Wickey of Saugatuck Commercial Real Estate (SCRE) represented Gorjana in leasing 1,000 s/f at 74 Main St. Wicky was the sole broker.
Russell and Pastore of Pearce named on the Power 25 Real Estate profiles
January 20, 2023
North Haven, CT Carl Russell and Nanette Pastore of Pearce Real Estate have earned a spot on the Power 25 Real Estate profiles for 2022. The 25 honorees were selected by New Haven Biz, which compiles the annual list of “the region’s most influential real estate leaders.
Construction Institute releases the list of 2023 Visionaries Forum speakers - to be held February 16...
January 20, 2023
HARTFORD, CT The Construction Institute released the list of speakers for its 2023 Visionaries Forum. The event takes place on February 16th at the Mark Twain House & Museum.
Vidal/Wettenstein arranges sale of 29,422 s/f buildimg for $1.825 million
January 20, 2023
Bridgeport, CT Vidal/Wettenstein has sold the industrial building at 1313 Connecticut Ave. to an investor. The 29,422 s/f multi-story building situated on 2.42 acres, sold for $1.825 million or $62.03 per s/f.
Balletto of Northeast Private Client Group named on Power 25 Real Estate profiles
January 20, 2023
Shelton, CT Bradley Balletto, senior VP of Investments at Northeast Private Client Group (NEPCG), has been named in the Power 25 Real Estate for 2022. “Real estate agents and developers in the region are helping to transform Greater New Haven into its future self.
Massirio of O,R&L sells 28,000 s/f multi-tenant building for $2.45 million
January 20, 2023
Farmington, CT Luke Massirio of O,R&L Commercial, LLC brokered the sale of 15 Executive Dr. for $2,450,000 million. The 1-story, multi-tenant 28,000 s/f retail building is on 3.37 acres.
Svigals + Partners advances architect, Konefal, to associate principal
January 20, 2023
New Haven, CT Svigals + Partners has promoted Alana Konefal, AIA, to associate principal. An architect with an expertise in uniting people of diverse backgrounds to advance large-scale projects, Konefal leads design teams and consultants on various complex projects in education, science/technology, workplace, and healthcare.
Northeast Private Client Group brokers sale of $2.195 million building at 38-40 Glenwood Ave.
January 20, 2023
Norwalk, CT Northeast Private Client Group (NEPCG) has completed the sale of 38-40 Glenwood Ave. Senior associates Rich Edwards and Jeff Wright, along with associate Patrick Hegarty, represented the seller and procured the buyer for a 10-unit value-add multifamily investment $2.195 million property.
Enviro Power and Windings are granted ETL Certification for SmartWatt Boiler
January 20, 2023
Middletown, CT Enviro Power’s SmartWatt boiler, which incorporates a mini power plant that was developed in partnership with Windings Inc., has achieved ETL certification under UL standards.
Ballachino joins Union Savings Bank as Vice President, senior CRE lender
January 20, 2023
Danbury, CT Thomas Ballachino has joined Union Savings Bank as vice president, senior commercial real estate lender.
CBRE arranges $48.65 million sale of 164-unit Reserve41 on behalf of the seller, Norpointe LLC
January 20, 2023
Norwalk, CT Representatives of CBRE, led by Jeff Dunne, Eric Apfel and Stuart MacKenzie, arranged the $48.65 million sale of Reserve41, a 164-unit multifamily community. CBRE represented the seller, Norpointe LLC, a partnership led by real estate investment firm, Belpointe. The team also procured the buyer
Harris, Hensley and Nelson named principals at Pickard Chilton - promoted from associate principals
January 20, 2023
New Haven, CT Pickard Chilton has promoted three associate principals to the position of principal. Stephen Harris, Michael Hensley, and Adrienne Nelson join Jon Pickard, William Chilton, and Anthony Markese as principals of the 25-year-old studio.
Leasing begins at new phase of Stamford Urby - will create 176 new apartments
January 20, 2023
Stamford, CT Leasing kicks off in early 2023 for the new phase of Stamford Urby. In anticipation of the opening, Urby has completed the formation of a priority waitlist to receive advance information and to be among the first to schedule private tours of the new building and amenities.
Shawmut Design and Construction names Bishop chair of the Board of Directors
January 13, 2023
Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has appointed current board member Kimberly Bishop to chair of the board of directors. Bishop’s new role is Shawmut’s latest move in its commitment
Seven tax essentials that every commercial property owner should know in 2023 - by Bill Cusato
January 13, 2023
With year-end comes the pleasure of tax preparation, but every year the rules are certain to change. Will you have enough losses to cover your tax liability, or heaven forbid, will you be writing a large check? Commercial property owners have a number of extremely lucrative tools at their disposal - would any of the seven following strategies work for you?
Marion of Mott & Chace sells 512 Seven Mile Rd. for $1.8m
January 13, 2023
Scituate, RI Mott & Chace Sotheby’s International Realty sold the home at 512 Seven Mile Rd. for $1.8 million. Kimberly Marion, sales associate of Mott & Chace Sotheby’s International Realty, represented the seller. Beth DeSista of Residential Properties, Ltd. represented the buyer.
Greene of Compass sells 132 Humboldt Ave. for $1.052m; Belanger of RPL assists
January 13, 2023
Providence, RI Compass negotiated the sale of 132 Humboldt Ave. on the city’s East Side for $1.052 million. Kira Greene, sales associate and one of the founding agents of Compass’ Providence office, represented the seller.
Alves and Fox of Elite Commercial Rlty. sell 7,800 s/f for $1.05 million
January 13, 2023
Johnston, RI Michael Alves of Elite Commercial Realty, a subsidiary of KW Commercial, negotiated the $1.05 million sale of 277 Scituate Ave. for the seller Gerald Macera. Robert Fox of Elite Commercial represented the buyer Edgar Mota Gamez.
Campbell-Helm joins Centreville Bank
January 13, 2023
West Warwick, RI Centreville Bank president, chief executive officer and chairman of the board Harold Horvat said that Gina Campbell-Helm has joined the bank as vice president, residential sales manager.