Essex, CT Diane Arnold, president & CEO of Essex Savings Bank said that Lynn Giroux has been promoted to executive vice president, chief operating officer. “Lynn is an invaluable member of the senior management team of Essex Savings Bank and this promotion is well-deserved,” said Arnold.
North Haven, CT Cronheim Mortgage has arranged $23.5 million in permanent financing for a 148,277 s/f retail center, North Haven Pavilion, 200 Universal Dr. The 10-year financing amortizes over 30 years. Dev Morris, David Poncia, Allison Villamagna, and Andrew Stewart represented the borrower, a wholly-owned subsidiary of National
Southington, CT An affiliate of The Simon Konover Company has acquired Eden & Main Apartments, a 55+ rental community that was recently developed by Kokes Properties of New Jersey. “We are excited to add Southington to the growing list of communities we serve. This newly constructed 41-unit community is inviting, bright, and extremely welcoming. The building
Conn./Western Mass. chapter meetings and events: • August 24 - SIOR CCIM Cocktails & Networking, Milford, CT. • October 13 - Member Meeting & Networking event, Essex Yacht Club, Essex, CT.
Ashford, CT For The Hole in the Wall Gang Camp, founded in 1988 by the late actor and philanthropist Paul Newman, the national architecture, art and advisory firm Svigals + Partners has completed the new Young Adult Lodge, providing upgraded housing as well as program and meeting space.
Stamford, CT Kempner Properties purchased a 18,908 s/f property at 470 Glenbrook Rd. for $3.45 million. The building, features 19 rental units, comprised of one and two bedrooms and 19 on-site (outdoor) parking spaces. Doug Kempner, owner/principal at Kempner Properties, said
New Haven, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap negotiated the sale of a three-property, 234-unit multifamily portfolio in the city and Hamden: The Liberty Building, a 123-unit, asset in downtown New Haven; 65-unit Hamden Centre; and 46-unit Dogwood Hill
Westport, CT Saugatuck Commercial Real Estate (SCRE) represented United Realty in the sale of 177 Main St. Formerly the home of The Remarkable Bookstore, the 3,924 s/f retail building was sold to Conn.-based owner/user, Eleish Van Breems Home Westport.
Norwalk, CT Choyce Peterson, Inc. concluded lease negotiations on behalf of Element Solutions, Inc. (ESI), for a 13,241 s/f office at MerrittView, 383 Main Ave. Choyce Peterson principal John Hannigan and vice president Charlene O’Connell represented ESI in this transaction.
Bristol, CT Worth Avenue Capital, LLC (WAC) closed a $75,000 commercial loan to a small business. The loan is secured by a first mortgage on real property with an underlying LTV of 30%. The borrower is using the loan proceeds to provide short term working capital for their business.
