Wallingford, CT Barbara Pearce, chair and CEO of Pearce Real Estate, has welcomed associate broker Kathy Morehead to its office at 4 North Main St. A resident of Northford for the past 14 years, Morehead brings previous real estate experience along with a background in business management and customer service.
New Haven, CT M&T Realty Capital Corp. (M&T RCC) completed the closing of a $31.9 million bridge loan for Estelle New Haven, a newly constructed 96-unit Class A multifamily community located at 19 Elm St. in downtown. The financing will support the property’s continued lease-up and stabilization while refinancing existing construction debt.
New Haven, CT Stephen Press, SIOR, of Press|Cuozzo Commercial Services, has completed the sale of a single-tenant investment property located at 91 Church St. The transaction recently closed at $528,000.
Wilton, CT Angel Commercial, LLC, a full-service commercial real estate firm, with senior vice president Eva Kornreich, represented the tenant, Wilton Pottery, in a lease of 3,790 s/f of retail space at Town Green, located at 101 Old Ridgefield Rd.
Milford, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, commercial broker Richard Lombardo is responsible for securing a long-term tenant for a unit of office space at 122 Broad St.
North Haven, CT Cronheim Mortgage has arranged $10 million in permanent financing for Rosewood Apartments, a 91-unit multifamily property. Dev Morris and Andrew Stewart secured the financing on behalf of Franklin Communities.
Norwalk, CT CBRE has completed the sale of 101 and 201 Merritt 7, two Class A office buildings totaling 511,318 s/f on 6.48 acres on behalf of seller Merritt 7 Venture LLC. A joint venture of Saber-Hightower LLC, Granoff Real Estate & Wind River Holdings, the purchaser plans to convert the two buildings into M7 Lofts
Clinton, CT O,R&L Commercial has completed the sale of a 4,656 s/f medical office investment property located at 162 East Main St. Sam Crampton of O,R&L Commercial in Branford represented the seller,
North Haven, CT Stephen Press, SIOR, of Press | Cuozzo Commercial has made it known that senior associate, Joel Nesson, has executed a long-term lease at 198 State St. Nesson represented the property owner, G. Zurolo Real Estate, LLC, in the transaction.
Avon, CT Gov. Ned Lamont and lt. governor Susan Bysiewicz joined Beacon Communities, state and local leaders, financing partners, and community stakeholders to celebrate the beginning of a major redevelopment and construction progress on The Homes at Avon Park, a 100-unit mixed-income housing development currently under construction.
Hartford, CT The Connecticut Chapter of the Certified Commercial Investment Member (CCIM) Institute will host an educational panel discussion, “Expanding Your Advisory Toolkit: Introducing Passive 1031 Strategies,” on Wednesday, September 16, from 6:00 p.m. to 8:30 p.m. at The REC.
>Middletown, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, senior commercial associate Christopher Nolan and senior commercial broker Carl Russell have sold a 30,000 s/f industrial building,