Connecticut
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.
SIOR releases chapter market survey
Hartford, CT The Connecticut/ Western Massachusetts chapter of SIOR has completed its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period July 1, 2023 through December 31, 2023 within Connecticut and western Massachusetts in the office and industrial sectors.
Vidal/Wettenstein leases 9,159 s/f to Broadband Technical Resources
Monroe, CT Vidal/Wettenstein has leased 9,159 s/f of the industrial building at 580 Pepper St. to Broadband Technical Resources (BTR), a division of ITG Communications, based in Hendersonville, Tenn. BTR will be working on the wiring and fiber installation for Comcast throughout the region.
Amenta Emma Architects implements future leadership
Hartford, CT The principals of Amenta Emma are implementing a number of forward-looking changes in leadership at the award-winning design firm, including naming Michael Tyre as president. Tyre will serve as president-elect until assuming the role of president in January of 2025.
Press of Press|Cuozzo wins Deal of the Year Award for Office Sale of 2023
Hamden, CT Stephen Press, SIOR, co-principal of Press|Cuozzo Realtors, was presented with the Deal of the Year Award for the Office Sale of 2023, at the Greater New Haven/Middlesex Association Of Realtors CID award dinner held on March 7th. Press was recognized as one of the “Top Deal Makers of 2023.”
Houlihan Lawrence completes 2023 Fairfield Commercial Market report
Greenwich, CT The Fairfield County commercial market completed 2023 on a generally positive note, according to the Houlihan Lawrence Fairfield Commercial Market report recently released. According to the report, Greenwich retail rental rates ended 2023 at the best levels ever seen in late spring.
CT/Western MA SIOR Chapter awards 2024 scholarships
Storrs, CT The Connecticut/Western Massachusetts Chapter of the Society of Industrial and Office Realtors has picked the scholarships for the spring 2024 semester at the University of Connecticut. Each student was awarded $4,000 from endowed funds managed by the UConn Foundation