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Project of the Month: Acella Construction breaks ground on Goddard School - Former Hoosic Club to be...
April 22, 2022
Milton, MA Acella Construction Corp., a leader in construction management throughout greater Boston, broke ground on the Goddard School for Early Childhood Development at 193 Central Ave., the former site of the Milton Hoosic Club
10 World Trade breaks ground - life science building designed by Sasaki
April 22, 2022
Boston, MA Sasaki attended the groundbreaking of 10 World Trade. Developed by Boston Global Investors (BGI) and designed by Sasaki, 10 World Trade will be a first-of-kind life sciences building in the Seaport neighborhood.
Maugel Architects changes name to Maugel DeStefano Architects
April 22, 2022
Harvard, MA Maugel Architects has changed its corporate name to Maugel DeStefano Architects. In June of 2019, Maugel Architects acquired DeStefano Architects of Portsmouth, N.H. The acquisition accelerated the firms’ growth trajectories
Colantonio Inc. building two additions at Golda Meir House
April 22, 2022
Newton, MA Construction manager Colantonio Inc. has begun construction on 2Life Communities’ Golda Meir House expansion project. The firm is building additions of 45,000 and 30,000 s/f to either side of the independent living community
Hines, Belfonti Companies, LLC and Bridge Investment Group begin construction on Revio Revere Beach ...
April 22, 2022
Revere, MA Hines, the global real estate firm, along with its partners Belfonti Companies, LLC and Bridge Investment Group, began construction of Revio Revere Beach, a class A, multifamily project featuring 209 class A apartments.
Vantage Builders completes four cannabis dispensaries for Sanctuary Medicinals
April 22, 2022
St. Petersburg, FL Vantage Builders, Inc. has completed the build-out of four cannabis dispensaries for Sanctuary Medicinals in Florida. The dispensaries, which offer premium, pharmaceutical-grade cannabis products for medical use, are located in Fort Pierce, Sebring, Dunedin and St. Petersburg.
Over 50 attend Conn. CCIM chapter’s self-storage breakfast panel on April 5
April 22, 2022
Waterbury, CT The Connecticut CCIM chapter held a self-storage breakfast panel and industry networking event on April 5 at the Country Club of Waterbury. The panel was comprised of leading self-storage experts including Connie Neville,
Conn. CCIM chapter to host Mid-Year Symposium May 16
April 22, 2022
Cromwell, CT The CCIM Connecticut chapter will host their annual Mid-Year Symposium May 16th, at the TPC River Highlands. The event titled: “Connecticut: The State of the State” will focus on the commercial real estate outlook in Connecticut
Colonial Properties completes three sales totaling $835,000
April 22, 2022
Orange, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., the firm has completed the following transactions. Fred Messore, SVP, was the sole broker in the sale of 209-211 Pershing Dr., Ansonia, a 2,550 s/f automotive repair and auto body building on .66 +/- acres.
Furgueson of Essex Financial honored by Forbes
April 22, 2022
Essex, CT Financial advisor Tim Furgueson of Essex Financial has been selected to the 2022 Forbes Best-in-State Wealth Advisors list, which honors top performing wealth management and financial planning advisors in each state.
Red Oak Financial arranges $10 million bridge loan for South Campus at Gillette Ridge - a class A mu...
April 22, 2022
Bloomfield, CT Red Oak Financial, a Michigan-based commercial real estate finance company, completed a $10 million bridge loan for The South Campus at Gillette Ridge, a class A multi-tenant office/industrial campus in a suburb
Wright and Edwards of Northeast Private Client Group handle $1.65 million multifamily sale
April 22, 2022
Fairfield, CT According to Northeast Private Client Group (NEPCG), the metro north investment sales team completed the sale of 100 Castle Ave. Senior associates Jeff Wright and Rich Edwards represented the seller and procured the buyer
Worth Avenue Capital arranges $500,000 construction loan
April 22, 2022
Greenwich, CT Worth Avenue Capital, LLC closed a $500,000 construction loan to an existing borrower for the purpose of completing the renovations of a “spec” house in Greenwich, Connecticut.
JLL sells 209-unit Vela on the Park
April 22, 2022
Stamford, CT JLL Capital Markets closed the sale of Vela on the Park, a 209-unit, high-rise apartment community. JLL represented the seller, a partnership between an affiliate of Trinity Financial, Inc. and Berkshire Residential Investments.
Hale of O,R&L brokers $1.005m sale of 18,756 s/f office building
April 22, 2022
Wethersfield, CT Andrew Hale of O,R&L Commercial, LLC brokered the sale of 449 Silas Deane Hwy. The 3-story, multi-tenanted 18,756 s/f office building sold for $1.005 million. The building is 67% leased and situated on 1.19 acres.
Colliers sells 300,000 s/f to Stillman Development International
April 22, 2022
Bristol, CT 300 Broad St. a 300,000 s/f facility formerly owned by Theis Precision Steel USA Inc. has been sold to a division of Stillman Development International. Nicholas Morizio SIOR, CRE, Keith Kumnick SIOR, and Sean Kumnick of Colliers International represented the seller.
Wickey of Saugatuck Commercial Real Estatye leases retail space to Bobbles & Lace
April 22, 2022
Westport, CT Saugatuck Commercial Real Estate (SCRE) represented Bobbles & Lace in leasing their first Connecticut location at 11 Church Lane. Bobbles & Lace (B&L) has seven locations with four storefronts in Mass.
Vidal/Wettenstein and William Pitt co-broker sale of 2,500 s/f for $1.05 million
April 22, 2022
Fairfield, CT The law firm of Meehan & Meehan will be relocating to 116 Sherman St. The 2,500 s/f space will be used for the firm’s law practice. The building was purchased by MTM Sherman Street LLC, for $1.05 million
Press of Press/Cuozzo Realtors honored for sale of 962-964 Chapel St. in New Haven, CT
April 22, 2022
Branford, CT The New Haven Middlesex Association of Realtors Commercial Investment Division held their 2021 award ceremony on March 31st at The Stony Creek Brewery. Stephen Press, SIOR, CRB, GRI, principal and broker of Press/Cuozzo Realtors, received the Deal of the Year Award for the mixed-use category
Angel Commercial sells 54,200 s/f SoNo Field House for $8 million
April 22, 2022
Norwalk, CT Angel Commercial, LLC said that the Northeast Volleyball Club (N.A.C.) of Wilton has purchased a 54,200 s/f commercial building on 2.67 acres located at 365 Martin Luther King Junior Dr. for $8 million.