Connecticut

Kempner Properties acquires 19-unit multifamily for $3.45 million; Kravet Realty reps the seller Charles Garufi

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

Institutional Property Advisors closes 3-property multifamily portfolio sale

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

Saugatuck Commercial Real Estate sells 3,924 s/f

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.

Hannigan and O’Connell of Choyce Peterson lease 13,241 s/f to Element Solutions, Inc.

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.

Worth Avenue Capital provides $75,000 commercial loan to small business

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.

Conn./Western Mass. Chapter of the SIOR summer chapter meeting held at Pine Orchard Yacht and Country Club

Branford, CT The Connecticut / Western Massachusetts Chapter of the Society of Industrial & Office Realtors recently held its summer member meeting and event at Pine Orchard Yacht and Country Club.  Following a regular quarterly meeting, as the skies were clearing from an earlier seasonal rain, members enjoyed a boat ride aboard

Fantini & Gorga places $38 million for 324-unit Country Glen Apartments

Groton, CT Fantini & Gorga (F&G)has placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community situated on a 30-acre campus located in the seaside town. “We were able to secure significant cash-out proceeds for the owners through our correspondent lender’s dexterous use

CCIM Conn. Chapter holds “Jaigantic Deals & Drinks” event

Shelton, CT The CCIM Connecticut Chapter held a Deals & Drinks networking event at Jaigantic Studios on Thursday, June 30. This unique event brought together nearly 50 members, guests and sponsors to network, share their deals and learn about the growing movie production scene in the state.

STV leading design for Rte. 8 bridge rehabilitation and safety improvements in Connecticut

Seymour, CT STV will serve as the lead designer for the Conn. Department of Transportation’s (CTDOT) $77 million Rte. 8 improvement program between Shelton and Seymour. Empire Paving, Inc., will lead the design-build team. STV will provide a full suite of design and construction phase services for Rte. 8’s roadway and bridge rehabilitation,

Vidal/Wettenstein closes $3.05 million sale of 31,298 s/f industrial building

Shelton, CT The former Electri- Cable Assemblies (ECA) building located at 10 Mountain View Dr. was sold. The purchaser was Shelton Winair which was located on River Rd. The building is 31,298 s/f and is situated on 5.16 acres. It sold for $3.05 million or $97.45 per s/f.