Connecticut

Worth Avenue Capital arranges $100,000

New Haven, CT Worth Avenue Capital, LLC (WAC) closed a $100,000 commercial loan for a small real estate development/investment company. The loan proceeds will be used to renovate one of the company’s real estate investments

Keefe and Fellah of HK Group sell 181 Marsh Hill Rd. for $16.05 million - a 162,036 s/f warehouse/distribution building

Orange, CT Matthew Keefe, president, and Franco Fellah, executive vice president, negotiated the sale of 181 Marsh Hill Rd. for $16.05 million. The 162,036 s/f warehouse/distribution building sits on a 15.1 acre parcel zoned, LI-2,

Marcus & Millichap Capital arranges $4 million refinancing of 59-unit multifamily property

Norwich, CT Marcus & Millichap Capital Corp. (MMCC) arranged a $4,005,000 refinancing loan for a 59-unit brick multifamily property at 206 Washington St. Robert Damigella of MMCC arranged the 10-year loan,

Harris joins VHB as senior project manager/senior geologist

Wethersfield, CT Andrew Harris, PG, LEP, has joined VHB as a senior project manager/senior geologist for its Conn. Site Investigation & Remediation (SI&R) practice and the Southern New England markets. Harris brings extensive experience working with industrial and commercial clients to assess and remediate brownfield and legacy properties

Dziob named business development manager at Phase Zero Design

Simsbury, CT Phase Zero Design recently welcomed Jessica Dziob to their architecture and interior design firm. Dziob is taking on the role of business development manager. This position is a first of its kind for their local office.

Gage and Crane of CBRE arrange $3.95 million sale of 34,502 s/f facility - DiBuono of Tower Realty reps. buyer Zion Props/Garavel

Norwalk, CT In a transaction arranged by CBRE, Zion Properties LLC/Garavel Automotive has acquired 520 Main Ave. for $3.95 million. The 34,502 s/f facility, which sits on 2.3-acres, will be redeveloped as a Garavel Subaru dealership.

Real Estate Advisory Group NE represents client in purchase of 191 Main St.

Manchester, CT Real Estate Advisory Group NE (REAG NE) represented a medical practice client, Retina Consultants, in their acquisition of 191 Main St., where they have been a tenant for many years. REAG NE negotiated pricing and completed all

Hannigan and Cognetta of Choyce Peterson lease 6,169 s/f to Blair & Potts at RFR Realty’s Two Stamford Plaza

Stamford, CT Choyce Peterson, Inc. completed lease negotiations for Blair & Potts for its 6,169 s/f office space at Two Stamford Plaza. Choyce Peterson vice president Adam Cognetta and principal John Hannigan represented Blair & Potts.

L&P Commercial negotiates sale of Somers Place

Somers, CT L&P Commercial facilitated the sale of Somers Place, an 8,004 s/f medical office building with five separate units. Somers Professional Place, LLC purchased the property on February 10, 2021

5G ushers in new era of construction technology - by Patty Luxton

The arrival of 5G wireless enables much broader internet availability and greater speeds on the job site as well as the opportunity to employ IoT (internet of things) devices that previously would not have been practical.