Increasing communication and reducing costly RFIs - by Adrienne Franklin

Requests for Information (RFIs) and change orders on construction projects are costly and time consuming. They cause delays in operations and create strained relationships between stakeholders due to anxieties associated with disruptions in project schedules and budgets.

CCIM Connecticut Chapter awards two scholarships

Hartford, CT The CCIM Connecticut Chapter recently awarded two scholarships towards earning the CCIM designation. The Stan Gniazdowski/Carl Russell Endowed Scholarship was awarded to Chris Reid. A Realtor since 2016, Reid currently specializes in investment properties with the Higgins Group of Stamford. 

Jungreis of Rosewood Realty completes $53 million sale of the Sheffield SoNo in Norwalk

Norwalk, CT Rosewood Realty Group completed the $53 million sale of a mixed-use complex. Aaron Jungreis represented the buyer, Sentinel Real Estate group and the seller, Avenue Realty Capital was represented by a cooperating broker.

WS Development and Turner Construction celebrate topping off of 111 Harbor Way - will be home to Amazon’s new Seaport office

Boston, MA WS Development and Turner Construction celebrated the ceremonial topping off of 111 Harbor Way (Block L4 of the Boston Seaport project), which will soon become home to Amazon’s new office in the Seaport neighborhood. 

GameChange Solar leases 14,000 s/f at Spinnaker’s Brim & Crown

Norwalk, CT To meet the needs of its global expansion, GameChange Solar will relocate its U.S. corporate headquarters from Manhattan to Brim & Crown at the Metro North train station, a mixed-use, redevelopment project of Spinnaker Real Estate Partners. Brim & Crown is a joint venture of Spinnaker and The Fieber Group. 

Meridian Capital Group arranges $17.5 million in financing

Norwalk, CT Meridian Capital Group arranged $17.5 million for the refinance of SONO 50, a class-A office property. The seven-year loan, provided by a regional bank, features a rate of 3.6% and one year of interest-only payments. This transaction was negotiated by Meridian managing director, Tamir Kazaz, and vice president, Eli Finkel.

RMS Companies expands into Hartford with 1,000-unit project - part of the $50 million Downtown North redevelopment project

Hartford, CT Developer RMS Companies’ founder and CEO Randy Salvatore, mayor Luke Bronin, and a delegation of stakeholders and state and city leaders celebrated the long-anticipated start of construction of the $50 million first phase of the Downtown North redevelopment project. The groundbreaking officially launched work on the buildings going up on Parcel C of the project

WinnCompanies opens $21.5 million 70-unit The Tyler in East Haven - featuring 70 apartments for individuals aged 55+

East Haven, CT Connecticut officials and WinnCompanies celebrated the opening of The Tyler, an award-winning mixed-income apartment community for seniors that will be the first historic adaptive reuse project in the United States to meet the industry’s strictest standards for energy performance. Built under the direction of WinnDevelopment within the three-story core of the 84-year-old former East Haven High School building

CBRE handles $4.55 million financing and a $6.85 million sale

East Hartford, CT CBRE has secured a $4.55 million first mortgage to finance a prior all-cash acquisition of an industrial property located at 127 Park Ave. The loan was provided by  Symetra, a national life insurance company.   CBRE’s Donna Falzarano and James Gunning sourced the financing and represented the borrower, ND XXXI LLC, in the negotiations. 

Kenne Shepherd Interior Design Arch. completes store for EQ3

Norwalk, CT Kenne Shepherd Interior Design Architecture, PLLC (KSI) has opened their second store for Canadian furniture retailer EQ3 in Brookfield Property Retail’s SoNo Collection Mall, EQ3 continues their U.S. expansion. EQ3’s 9,500 s/f store is located on the second floor of the mall across from Bloomingdale’s and is strategically positioned to capture shoppers as they arrive on the floor.