Connecticut

Jewett to build 31,000 s/f Porsche
dealership for Hoffman Auto Group

East Hartford, CT Jewett Construction partnered with Hoffman Auto Group, to construct their Porsche dealership. This 31,000 s/f facility will be one of four locations in the U.S. featuring Porsche’s brand-new Generation 5 design once complete.

Grathwohl of David Adam Realty sells 6,417 s/f for $2.45 million

New Canaan, CT Sean Grathwohl of David Adam Realty, Inc. sold “The Bank Building” a 6,417 s/f mixed-use former bank building at 87 Main St. for $2.45 million. The building, formerly occupied by a Thai restaurant for 15+ years, is located next to the town hall

The Construction Institute honors Hoffmann Architects + Engineers

Hartford, CT Hoffmann Architects + Engineers has been awarded the Construction Institute’s Special Industry Recognition Award for outstanding contributions to the industry and community, specifically honoring the firm’s work advancing diversity, equity,

Connecticut Green Bank updates Smart-E loan program

Hartford, CT The Connecticut Green Bank has made updates to its Smart-E loan program designed to help more homeowners take advantage of low-interest financing to access energy-saving technologies. The loan’s maximum amount will increase from a $40,000 limit to a $50,000 standard maximum,

Paulson and Wilson of Marcus & Millichap
arrange $8.25 million sale of 56,564 s/f office

Guilford, CT Marcus & Millichap brokered the sale of Innovation Park, a 56,564 s/f office property. According to Benjamin Yelm, regional manager of the firm’s Charleston office, the asset sold for $8.25 million.

Union Savings Bank to open full-service branch in Norwalk

Norwalk, CT Union Savings Bank (USB) CEO Cynthia Merkle said that a new full-service branch and Advice Center will be opening in late spring. Located at 454 Main Ave., the new office will be supported by USB’s Solutions Teams, a group of local specialists that offer customized

Carcaterra joins Building and Land Technology as executive vice president

Stamford, CT Building and Land Technology (BLT) appointed Brian Carcaterra as executive vice president. Prior to joining BLT, Carcaterra spent over two decades as a broker and senior leader at Newmark Group, Inc. and CBRE Group, Inc. specializing in agency and tenant representation. He also co-founded

Connecticut CCIM Chapter to hold designation course CI 102 on September 11 – 14 at Goodwin University

East Hartford, CT The Connecticut CCIM Chapter will hold a core designation course, CI 102 “Market Analysis for Commercial Investment Real Estate” on September 11 – 14, 2023 at Goodwin University taught by Stan Gniazdowski, CRE, CCIM and 2022 CCIM Institute Instructor of

Working from home in a former office: Office space to residential conversion - by Joshua Cole

While employees continue to embrace the benefits of remote work, commercial property owners face the challenge of continued vacancy rates. As leases expire and businesses reduce space to account for full or partial remote work, commercial property owners need to reassess their holdings.

Greyhill Group expands portfolio with $7.5 million acquisition of 63 unit multifamily property

New Britain, CT GreyHill Group, a rapidly growing, commercial real estate investment company headquartered in New York, has completed the acquisition of The Bleu, a 63-unit, multifamily property located at 1300 and 1412 East St. The transaction marks a significant addition to GreyHill's diverse portfolio. GreyHill Group acquired The Bleu at a purchase price of $7.5 million