Connecticut CCIM Chapter hosts successful 2025 ‘What’s Next in CRE’ market forecast webinar

Hartford, CT The Connecticut CCIM Chapter recently hosted its annual What’s Next in CRE market forecast webinar on January 23, 2025, featuring an insightful presentation by Mike Goman of Goman + York. The event provided a comprehensive outlook on the key trends and challenges shaping the commercial real estate landscape for 2025

Berkowitz of O,R&L Commercial sells office building for $662,000

West Hartford, CT Mark Berkowitz of O,R&L Commercial, LLC brokered the sale of 8 Lowell Rd. for $662,000. The 3,552 s/f office building is three stories on 0.32 acres. Berkowitz, from O,R&L represented the seller, Lowell Road Associates, LLC and the buyer, SSW Real Estate LLC d/b/a Stepping Stone

Institutional Property Advisors completes
sale of 175-unit multifamily

West Haven, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, have sold Orange Gardens, a 175-unit multifamily property. “This 100% market-rate apartment property has a history of strong occupancy and new ownership is in position to drive revenue growth through

Godin Property Brokers arrange sale of 42,000 s/f industrial warehouse

Watertown, CT Ed Godin Jr., SIOR, of Godin Property Brokers in Middlebury represented the buyer in the $2.645 million sale of a 42,000 s/f industrial warehouse/manufacturing facility at 1012 Buckingham St. The property, located in the Watertown Industrial area, consists of six acres.

Newmark arranges 10,573 s/f lease
for Guggenheim Partners

Stamford, CT Newmark has arranged a 10,573 s/f lease for Guggenheim Partners at First Stamford Pl., a class A office campus. The transaction marks the company’s expansion and relocation of its office in Darien, Conn. Newmark executive vice president and managing director James Ritman

Brown Harris Stevens and local Conn. organizations support families in need

Fairfield County, CT Brown Harris Stevens Connecticut has partnered with the New Canaan Chamber of Commerce “Gingerbread House Tour” and non-profit Person-To-Person Food Drive to help Fairfield County children and families in need this holiday season and throughout the year.

Cawley of National Multifamily brokers
$14.1m sale of 116-unit apartment building

Bridgeport, CT National Multifamily brokered the sale of a 116-unit apartment building located at 340 Palisade Ave. to a New York-based investor for $14.1 million ($121,552 per unit). The deal closed on December 12^th. Company president Matt Cawley represented the seller and procured the buyer in the transaction.

Rizzo joins USB board of trustees

Danbury, CT Lucie Voves, chair, Union Savings Bank (USB) board of trustees, has added a new board member. Anthony Rizzo, Jr., CEO of Danbury-based Rizzo Companies, Inc., has been elected to the USB board of trustees. As a USB corporator, he also serves on the Union Savings Bank audit committee, trustee loan committee,

Robinson+Cole elects new partners and counsel for 2025

Stamford, CT Robinson+Cole have elected Gregory Bennici, Kyle Hepner, Janet Kljyan, and Danielle Andrews Long as partners, as well as the promotion of Jessica Bardi, Raymond Carta, Audrey Goldman, Kathryn Mullin, and Diana Neeves to counsel, effective January 1, 2025.

Worth Avenue Capital closes $300,000 loan

Branford, CT Worth Avenue Capital, LLC has closed a $300,000 commercial loan to a small local business. The loan proceeds will be used to restructure some of the company’s debt as well as for working capital purposes and the loan is secured by a junior mortgage on a luxury beachfront condominium in Naples, FL