Duran receives 2024 Hoffman Diversity Advancement Scholarship

New Haven, CT Hoffmann Architects + Engineers, a design firm specializing in the rehabilitation of building exteriors, has named the 2024 recipient of the Hoffmann Diversity Advancement Scholarship. Now in its second year, the Hoffmann Scholarship was established in collaboration with the Connecticut Architecture Foundation

Press|Cuozzo facilitates 2,300 s/f property sale to Higher Collective

Hamden, CT In an off-market transaction, Stephen Press, SIOR, of Press|Cuozzo sold 3825 Whitney Ave. a 2,300 s/f free-standing building set on .78 acres to Higher Collective, a regional cannabis retailer with open locations in Hartford, Killingly, New London and Willington. Soon to open are Torrington, Bridgeport, and Hamden

Worth Avenue Capital loans $300,000 for historic home renovation

Deep River, CT Worth Avenue Capital, LLC (WAC) has closed a $300,000 construction loan for a Connecticut-based builder in which the loan proceeds will be used towards the complete renovation of a historic home that was originally built in the 1700’s. The loan is secured by a first mortgage on the property with an underlying LTV of approximately 46%.

Easterseals uses C-PACE financing for clean energy building project

Windsor, CT Easterseals Capital Region & Eastern Connecticut have begun using C-PACE (Commercial Property Assessed Clean Energy) financing through the Connecticut Green Bank. With this, Easterseals has begun a clean energy upgrade project at its Deerfield Rd. facility. The improvements to the 22,100 s/f building

CT CCIM Chapter tees up annual awards event April 25

Wallingford, CT April 12, 2024 - The CCIM Connecticut Chapter will host “Tee Up for Deals” the Chapter’s annual awards and networking event on April 25th at 5:30 p.m. The event will be held at Back 9 Social, CT’s premier virtual golf lounge, located at 805 N. Colony Rd. 

Press/Cuozzo Commercial facilitates long-term lease at 336 State St.

North Haven, CT Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, facilitated the signing of a long-term lease at 336 State St. Revive Therapy LLC is a physical therapy and wellness practice, est. 2019 in North Haven, with over 13 years of industry experience in rehabilitation, manual therapy and sports performance training.

Institutional Property Advisors sells Manor House - 125-unit multifamily

Bloomfield, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, have sold the Manor House, a two-story, 125-unit multifamily property. “Vintage assets with accretive in-place assumable financing and value-add potential like Manor House are particularly in demand,” said Victor Nolletti, IPA executive managing director investments.

Benedetto of Arnold Peck’s Commercial closes $4.135m medical building sale

Orange, CT Arnold Peck’s Commercial World has completed a sale of another landmark property.  The Ken-Mike Medical Building located at 325 Boston Post Rd. closed for $4.135 million. 325 Boston Post Rd. is a 30,000 s/f multistory medical professional building. 

Pappas of Chozick completes $4m sale of
39-unit The Mill at Still River Apartments

Winsted, CT Chozick Realty Inc., has completed the sale of The Mill at Still River Apartments. This historic 39-unit mill conversion multifamily property, located on the banks of the Still River, closed at a price of $4 million.The Mill at Still River Apartments has a history dating back to its original construction in 1887.

Russell and Nolan of Pearce RE win Power Broker Quarterly Deal Award

New Haven, CT Senior commercial broker Carl Russell and senior commercial associate Chris Nolan of Pearce Real Estate were recognized this month by CoStar with a Power Broker Quarterly Deal Award. Russell and Nolan were selected for the honor in the fourth quarter of 2023 because of their sale last November of a three-building complex on 1.38 acres affiliated with Albertus Magnus College.