George J. Smith & Son sells 1.5 acres on Rte. 44

Putnam, CT According to DeForest Smith, CCIM, SIOR president of George J. Smith & Son Commercial and Investment Real Estate, his firm has sold 1.5 acres on Rte. 44. This land is part of a $2 million development with Burger King

Russell of H. Pearce Commercial brokers $675,000 sale of 18,168 s/f ind’l./whse.

West HAVEN, CT Carl Russell, CCIM, SIOR, senior commercial broker of H. Pearce Commercial Real Estate has sold 40 Front Ave. for $675,000.  This 18,168 s/f light industrial and warehouse building

Construction industry forecast: Cloudy with a chance of sun - by Lisa Andrzejewski

Although 2020 was a year of change and uncertainty, the construction industry adapted. Demand increased in certain industry segments, such as medical and transportation, which continued to offer a high volume of work, but was reduced in others that were shuttered by the pandemic

CCIM CT Chapter names new 2021 officers

Guilford, CT The Connecticut Chapter of CCIM Institute names named its new leadership team for 2021. M. Augustus (Gus) Ryer, CCIM, of Ryer Associates Commercial Real Estate in Danbury will serve as the 2021 president of the Connecticut Chapter.

Featured Property of the Month: North Broadway Development’s new construction townhouses in the Riverside section of Greenwich now 100% leased

Greenwich, CT According to North Broadway Development, Academic Co-Realty Services has been retained to represent the sale of four luxury townhouses at 8 Sound Beach Ave. Extension in the Riverside section of town.

TruNORTH Construction to begin $7m The Offices at Addison Square

Glastonbury, CT TruNORTH Construction secured approvals from the town to begin the construction of a $7 million office condominium complex. The Offices at Addison Square will consist of 18, customizable units that are available for purchase.

JLL Capital Markets sells 900 Long Ridge Rd. for $27.25 million

Stamford, CT JLL Capital Markets has closed the $27.25 million sale of 900 Long Ridge Rd., a two-building, Class A office complex totaling 224,000 s/f. JLL represented the seller, a Fortune 100 company, in the transaction. Monday Properties, a national real estate investment firm, purchased the asset.

Davis Marcus Partners sells 75,000 s/f 60 Danbury Rd. for $17.1 million - purchased by Wilton Medical Realty

Wilton, CT Davis Marcus Partners has sold 60 Danbury Rd., a 75,000 s/f office building within Wilton Corporate Park. The purchaser is Wilton Medical Realty, a special purpose entity affiliated with Constitution Surgery Alliance, the developer and manager for the intended medical use project. The transaction closed at $17.1 million.

O’Hara of Coldwell Banker Comm’l. NRT sells 19,857 s/f - $1.5m

Stratford, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial NRT Inc., represented PFP LLC in the sale of a 19,857 s/f warehouse/office showroom to CarRite Realty, LLC located at 2095 Barnum Ave. for $1.5 million.

Pappas and Boyle of Chozick sell 96-unit Phoenix Apts. for $10.5m

Groton, CT Steve Pappas and Tom Boyle of Chozick Realty Inc., have facilitated the sale of Phoenix Apartments. The 96 unit apartment complex brought a price of $10.5 million or $109,375 per unit.