Connecticut
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.
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.