News: Owners Developers & Managers

Tritower Financial Group purchases 300 Apollo Drive for $39.4 million

According to Cassidy Turley, a Texas-based insurance company has sold 300 Apollo Dr. to investor Tritower Financial Group for $39.4 million. 300 Apollo Dr. is a LEED silver certified, class A office building of 293,000 s/f. The seller had performed multiple renovations over the tenure of its ownership. The building is currently 100% leased to eight tenants. Tritower Financial partner and director of acquisitions, Tod Brainard said he looks forward to the opportunities that will result from the new purchase. "This is the perfect time to invest in a property like the 300 Apollo Dr.," said Brainard. "The LEED silver building is in pristine physical condition and is located in an area with a strong history of solid economic growth. We are confident that property will always attract and retain top quality companies moving forward." Cassidy Turley executive managing director, principal, David Pergola and managing director, Brian Doherty represented USAA Real Estate Company.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
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Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any