Connecticut

Worth Avenue Capital closes $1 million CRE loan

North Haven, CT Worth Avenue Capital, LLC (WAC) has closed a $1 million CRE loan to a real estate development group. The loan proceeds were used to purchase a CRE asset in a prime location in the city.

Project of the Month: Claris Construction completes a 12,000 s/f development off Exit 10 of I-84 in Newtown, CT

Newtown, CT A four-acre lot off I-84 sat vacant for almost a half a century. This overgrown, unsightly lot became an unwelcome sight for people arriving in town. But it did provide an excellent development opportunity

Antinozzi Associates hires Guzman and Rosenthal

Bridgeport, CT Antinozzi Associates has welcomed two new additions to the team, Rosa Guzman and Ryan Rosenthal. Guzman previously worked for MKDA in Stamford where she honed her skills in building 3D models and developing photo-realistic renderings

Lyman of Lyman Real Estate handles $400,000 sale and 4,900 s/f lease

Norwich, CT Ron Lyman, CCIM, CEO of Lyman Real Estate, completed the sale of the building most recently known as The Majestic Rose Dinner Theater at 352 Main St. It was purchased by Ganesh Hospitality, LLC, a New Haven hotel developer, for $400,000

IPA sells three apartment buildings near Yale University for $25.15m

New Haven, CT Institutional Property Advisors (IPA) completed the sale of Cambridge Oxford Apartments, a three-building, 84-unit multifamily property. The buyer is an affiliate of Paredim Partners LLC.

Westbrook Village Revitalization Project breaks ground on Phase 1

Hartford, MA The Housing Authority of the city of Hartford (HACH), Pennrose, LLC, and The Cloud Company, LLC hosted a joint demolition and groundbreaking ceremony to kick off Phase I of its Westbrook Village Revitalization Project.

Mayor Spano joins Municipal Housing Authority of the City of Yonkers to tour renovations to affordable housing

Yonkers, NY Mayor Mike Spano joined with officials from the Municipal Housing Authority of the City of Yonkers (MHACY) for a tour of two affordable housing complexes that have undergone major renovations.

Can suburbs succeed in a 24/7 world? - by Hugh Kelly

For more than 20 years, the revitalization of America’s cities has spurred a conversation about the urban live-work-play environment that has come to be known as “the 24-hour city.” As long ago as 1995, the widely-read Emerging Trends in Real Estate proclaimed that such

CAC Realty Group and city officials celebrate groundbreaking at The Huguenot - a six-story, 60-unit mixed-use development

New Rochelle, NY CAC Realty Group joined with mayor Noam Bramson, commissioner of development Luiz Aragon, and other city officials for a groundbreaking ceremony at The Huguenot, a six-story, 60-unit mixed-use development project

New Rochelle’s downtown is on track for a successful revitalization - by Luiz Aragon

Investors and developers across the country are tuning in to opportunities offered by small and mid-sized cities that are modernizing their planning strategies to attract the kind of capital that will revitalize their downtowns for the long term.