March 09, 2018
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Former Connecticut Water CEO In California Engineers Cross Country Takeover

CLINTON: The CT Water Service [Nasdaq: CTWS] is merging with San Jose based SJW Group, [NYSE: SJW, San Jose Water Company]. SJW’s CEO and chairman Eric W. Thornburg will be the CEO and chairman of the combined company.…
April 18, 2018
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Connecticut Innovations Funds 43 Companies in Final 2017 Quarter

ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support for Connecticut’s innovative, growing companies”, invested $9.4 million…
April 18, 2018
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Connecticut Casino Revenue Well Up In March

LEDYARD: After years in the recession fueld dumps, Connecticut’s casino’s are seeing some bright lights and the state's’s coffers are feeling the love as well. Revenue from slots were up significantly at Foxwoods Resort…
April 10, 2018
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New Haven Biotech Arvinas Raises $55 Million To Advance Cancer Drugs

NEW HAVEN: The privately owned and venture financed Arvinas LLC, has raised $55 million Series C financing for development of drugs to address prostate and breast cancers. The financing was led by new investor Nextech…

Fairfield County’s Commercial Real Estate Market “Stable” To Start 2018

Apr 20, 2018
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Factset's New Home at 45 Glover Avenue, Stamford STAMFORD: Although it was a turbulent first quarter for certain submarkets,…

Former Trump Estate Hits Market

Apr 10, 2018
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GREENWICH: A Waterfront estate formerly owned by President Donald Trump is on the market for $45 million. The property,…

Hartford HealthCare To Acquire Bridgeport’s St. Vincent's Medical Center

Apr 01, 2018
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BRIDGEPORT: St. Vincent’s Medical Center in Bridgeport and its parent Ascension Health have signed a non-binding letter of…

Bridgeport Concert Venue Design Revealed

Apr 01, 2018
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BRIDGEPORT: Torpedoes or lawsuits be dammed that is the plan of Bridgeport’s Mayor Joe Ganim, and concert amphitheater…

90's Era New Haven Developer Bob Mathews Indicted For EB 5 Visa "Scheme" (2)

Apr 01, 2018
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The estate of former New Haven Developer Bob Mathews, now under federal indictment. The home was priced for auction at $26.5…

Law Firm May Challenge Connecticut Water Takeover

Apr 01, 2018
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A Law firm is questioning SJW Group's takeover of Connecticut Water Service, engineerd by former CWS CEO and current SJW CEO…

Edible International To Open Second Headquarters in Atlanta, Names President (2)

Mar 03, 2018
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Christian Nahas has been appointed President of Edible Brands, and will work from the company's "second" headquarters in…

Fed Report Sides With Utilities, Scolds Environmental Group

Mar 03, 2018
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WASHINGTON: Eversource and Avantgrid [United Illuminating] have won a major battle in a against allegations by an…

Bio-tech Exec Charged With Embezzlement

Mar 03, 2018
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Artificial Cell Technologies Inc., CFO has been indicted for embezzlement from the company. NEW HAVEN: The chief financial…

Health

Quinnipiac Appoints Dean of Nursing School

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NORTH HAVEN : Lisa G. O’Connor of East Haddam has been appointed Dean, of the School of Nursing at Quinnipiac University, O’Connor had been associate…

Hartford HealthCare To Acquire Bridgeport’s St. Vincent's Medical Center

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BRIDGEPORT: St. Vincent’s Medical Center in Bridgeport and its parent Ascension Health have signed a non-binding letter of intent with Hartford…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

Advocates for marijuana sales point to big economic boost

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By: Keith M. Phaneuf |ctmirror.org Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic,…

Breaking down this year’s Access Health CT open enrollment

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By: MACKENZIE RIGG | ctmirror.org In all, 114,134 residents enrolled in private health insurance through the state’s health insurance exchange,…

Wallingford Medical Device Company Launches Product To Control Internal…

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WALINGFORD: Z-Medica, LLC, a developer of hemostatic devices, announced that QuikClot Control+® approved by the FDA in June of 2017 is now…

Children's Hospital Invests In Mass. Biotech

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HARTFORD: Connecticut Children's Medical Center has made an investment in a small Massachusetts based biotech company Biostage, Inc. [OTCQB:…

State Seeks More Medical Marijuana Sellers

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HARTFORD: US Attorney General Jeff Sessions may be trying to arrest the increase in marijuana sales in states across the country, but Connecticut is…

Chester Retirement Community Sold

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CHESTER: Chester Village West set on 55 acres with 105 cottages and apartments was purchased by Masonicare, based in Wallingford, the state’s largest…

ACA Mandate Gone, State Eyes Imposing Its Own

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By: Ana Radelat | ctmirror.com Washington – As Congress is about to vote on a tax overhaul that will gut the Affordable Care Act’s mandate that most…

Technology

Connecticut Innovations Funds 43 Companies in Final 2017 Quarter

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ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support…

Fox Network Prevails Against Fairfield Video Search Company In Court

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FAIRFIELD: TVEyes, Inc. has lost in the United States Court of Appeals for the Second Circuit to Fox News Network, LLC, a decision preventing the…

OPINION: How Connecticut became the least likely innovation hub in the U.S.

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By Matthew McCooe, Connecticut Innovations Think back to where Connecticut was 20 years ago. A National Hockey League franchise had just left the…

New Crowdfunding and Crowdsourcing Ecosystem Helps Test Ideas, Hire…

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Logan: "Entrepreneurs can do more than offer rewards to backers." PLANTSVILLE: Two Connecticut entrepreneurs are taking on the crowd funding and…

Tech Company Hopes To Disrupt CT Real Estate Market

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FAIRFIELD: Connecticut has a new real estate company that is hoping that their expertise in software and digital marketing will allow them to disrupt…

New Haven's New Tech District Is Right Around The Corner

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By Mitchell Young NEW HAVEN: In December 2014, digital media entrepreneurs David Salinas and Peter Sena founders of Digital Surgeons a New Haven…

Nigerian National Pleads Guilty in E-Mail Scheme Defrauding Connecticut…

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NEW HAVEN: John H. Durham, United States Attorney for the District of Connecticut, and Patricia M. Ferrick, Special Agent in Charge of the New Haven…

Two Fast Growing Bank Service Companies Set Joint Marketing Plan

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Leaders in Core and Compliance Management Services Working Together to Expand the Deployment of the Unified Compliance Management Model in the…

Datto Founder Donates $50 Million to Alma Mater

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STAMFORD: Austin McChord, founder and CEO of Datto, one of Connecticut’s fastest growing tech companies has donated $50 million to the Rochester…

Glastonbury Financial Service Company Raises $6 Million From Strategic…

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GLASTONBURY: Payrailz, a digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, announces…

Real Estate & Construction

Centerbrook Architects - Two New Hires

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CENTERBROOK: Centerbrook Architects & Planners has hired René Brakels and Cassie Archer to the architectural staff. Brakels joins Centerbrook with a…

More Go Karts, Trampolines and Laser Tag

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ORANGE: A new entertainment complex is coming Orange, occupying a former big box rtailing location. Kevin Weirsman, broker and vice president of…

Middletown Apartment's Attract $62.5 Million Purchase

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MIDDLETOWN: Connecticut’s apartment market continues to attract strong interest among investors as another apartment portfolio brings in a large…

Aging “Affordable” Apartment Complex To Get Fresh Renovation

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St.John Tower, 1971 Rendering of Makeover, to "enhance the visual impact." STAMFORD: Quisenberry Arcari Malik, LLC (QA+M Architecture) of Farmington…

Webster Joins Flagship Building’s “Turnaround” In Downtown Stamford

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STAMFORD: Webster Bank has leased 25,000 square feet of office space at 200 Elm Street, .a class A office property located in downtown. Owned by…

Fairfield County’s Commercial Real Estate Market “Stable” To Start 2018

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Factset's New Home at 45 Glover Avenue, Stamford STAMFORD: Although it was a turbulent first quarter for certain submarkets, Fairfield County’s…

Former Trump Estate Hits Market

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GREENWICH: A Waterfront estate formerly owned by President Donald Trump is on the market for $45 million. The property, ‘commands” a 6-acre peninsula…

Cheshire Complex Has New Owner, Adding Solar

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CHESHIRE: Sky Management Services, LLC with offices in Philadelphia and New York, has purchased 611-617 West Johnson Avenue a four building flex…

Single-Family Home Price Rises 7.2 Percent in February

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BOSTON: Single-family home sales in Connecticut fell 3 percent in February compared to February 2017, while the median sale price spiked 7.2 percent,…

Library Design Is Set and Construction Is A Go

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HARTFORD: The city’s “long awaited” Park Street Public Library has a a new design presented by architects TSKP Studio of. Hartford. The two-story,…

Government

Mr. Smith Wants to Go to Hartford

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OPINION: By Mitchell Young Or does he? Webster Bank Chairman and former CEO James Smith said on April 6 he wants to be Connecticut’s next Governor,…

Joel Schiavone: New Haven What Road To Where

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Joel Schiavone in New Haven magazine's first profile in 2007, on the Chaple Street that he layed the foundation for. Perhaps more than any single…

90's Era New Haven Developer Bob Mathews Indicted For EB 5 Visa "Scheme"…

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The estate of former New Haven Developer Bob Mathews, now under federal indictment. The home was priced for auction at $26.5 million, but has been…

Bridgeport Concert Venue Design Revealed

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BRIDGEPORT: Torpedoes or lawsuits be dammed that is the plan of Bridgeport’s Mayor Joe Ganim, and concert amphitheater developers Howard Saffan and…

CT Lawmakers Explore Sports Betting Ahead of SCOTUS Decision

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By: Keith M. Phaneuf and Clarice Silber ctmirror.org HARTFORD: House Democratic leaders are preparing to enact legislation this spring to launch…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

Advocates for marijuana sales point to big economic boost

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By: Keith M. Phaneuf |ctmirror.org Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic,…

Fairness to Governor May Come At Expense of Business

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Hartford: Governor Dannel Malloy thinks the Federal government has been so good to business that a little more tax coming their way is just fine.…

realtors2016The New Haven Middlesex Association of REALTORS® Commercial Investment Division (CID) announced the CID “2016 Deals of the Year”. CID recognized industrial and commercial real estate transactions topping $220 million in the Greater New Haven market during 2016, according to CID Chairman Vance Taylor.  

“CID, comprised of over 135 commercial real estate agents doing business in the Greater New Haven area, recognized brokers who have distinguished themselves in a variety of notable real estate transactions,” said Taylor. “The $220 million in transactions completed by our brokers represent only the top tier of the countless deals done by our members in 2016 and are, in effect, the tip of the iceberg.  For those who think the New Haven economy is showing signs of weakness, we’ve got the numbers to show quite the contrary!”

Business Sale 

Brokered by Vance Taylor of the, Commercial Real Estate Group a $260,000 sale of a specialty fireproofing contracting company located at 17 Canal Street in Terryville. The CID did not release the name of the company.  Passive Protection Inc. is a fire prevention contractor located at that address. 

Industrial Sale

John Bergin of H. Pearce / George J Smith brokered the sale of an industrial property at 430 Sniffens Lane, Stratford. The building and property were purchased by the Coating Design Group, the facility was 35,488 square feet and it sits on 2.1 acres, the purchase prices was $1,950,000.  Bergin represented the buyer, Coating Design Group. David Gorbach of Colonial Realty of Fairfield represented the seller, Putney Associates of New York and was formerly occupied by Advanced Graphics.

Industrial Lease

Stephen Press, of Press|Cuozzo Realtors leased 335 Putnam Avenue, Hamden. The 45,788 square feet is3.47 acres. The property value of the lease was $1,150,000

A former industrial building that had been converted to an AT&T call center. Press represented the building ownership, 335 Putnam Avenue, LLC, and procured the tenant, Love Center Deliverance Ministry, on this long-term lease Leased to a church that also has an option to purchase. 

Land Lease

Lou Proto of The Proto Group was the sole broker on a land lease at 893 North Colony Road, Wallingford, 1.86 acres for a value of $2,900,000 to Centerplan Development. Centerplan has built a 10,730 square foot retail center which will be occupied by Starbucks, Great Clips, an AT&T phone store, Hannoush Jewelers and Panchero’s Mexican Grill. The lessor of the land is Fulton Forbes, Inc, David Leigh, Trustee.

Land Sale

Press|Cuozzo Realtors’ Stephen Press  brokered the sale of a property at 2300 Whitney Avenue, Hamden with 15,000 square feet of building on 5.53 acres. The entire property sold for $1,800,000. The former Centerville Lumber property, was on the market for more than five years.  The buyer Jordan a number of building set on 5.5 acres. 

The Press represent the estate of Oscar Roos, and Centerville Lumber, Inc., as well as procuring the buyer, Jordan Properties.

Mixed Use Sale

Eileen Russell & John Bergin of H. Pearce/George J. Smith sold 300 Soundview Ave Fairfield, The property is a4,348 square foot three family home and a cell tower on 0.18 The price for the complete property was $755,500. The buyer was 17 Mile LLC and the seller Patricia Boyle.

Most New Transactions

Bill Clark, Vice President of the The Geenty Group was recognized for 39 new transactions (sales and new leases). Clark in his early seventies said he had no interest in retirement and had a total of 79 completed lease and sales transactions in the year.

Clark responded to a question about the total deal volume said “he wanted to keep the number of transactions above his age.”

Clark’s deals filled a variety of businesses from a small screen printer, to small manufacturers, to service companies, repair business and on the Shorelines most popular dance studios. Shoreline Ballet leased 4,474 square feet at 1795 Boston Post Road, Guilford. Kathryn Contessa is the owner and artistic director of the school. 

Office Lease 

Robert Motley and Evan O’Brien, of Cushman and Wakefield lease 108 Leigus Rd, Wallingford. The totlal property is 298,000 square feet offices. The office lease was for  42,136 square feet for seven years to Burns and McDonnell of Kansas City. Motley and O’Brien represented the tenant, Jon Putnam of Cushman and Wakefield represented Gale Development, the owner. The value of the lease was in excess of mid-seven (7) figures. 

Office Sale

Frank Hird and Rich Lee, of O,R&L Commercial brokered the sale of 1-3 Long Wharf DriveNew Haven. The 300,000 Square foot building and 12.57 acres sold for $73,000,000

O,R&L co-listed and sold the property with the Investment Sales Group at Newmark, Grubb Knight Frank in New York City.  The 300,000 square foot medical office building was sold to Healthcare Trust of America. The property received serious offers from dozens of investors and REITS (Real Estate Investment Trust).    

Retail Sale

Real Living Wareck D’Ostilio Commercial ‘s Ken Ginsberg, and Robert Cole of Arnold Peck Commercial World, co-brokered 45,59, & 81 North Main St, Bristol A 42,951 SF retail center with 17 unitson 3.5 Acres. The property sold for $4,725,000 with Ginsberg representing the seller and Cole represented the buyer the seller was Ettcon & Company 

 Tenants in the building include Subway, Family Dollar and Oak Hill School. The new owner plans to fill a former CVS space, with a use that will complement the new hospital planned for across the street.

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Retail Lease

Lou Proto of The Proto Group lease 55 Village Green, Litchfield 37,170 square feet at a total cost of $10,215,000. The Stop & Shop Supermarket Company has signed a long-term ground lease to relocate its Litchfield store. The new 38,000 SF store will relocate to 55 Village Green Drive just several hundred yards to the east of their existing store. 

Build to Suit

Robert Motley of Cushman & Wakefield and Frank Hird O,R&L Commercial  co-brokered 800 Boston Post Road, Guilford a 10,000 square foot medical office build to suit. Frank Hird Represented the tenant, CT Gastroenterology for a new headquarters for the practice. 

Multi-Parcel Sale

This property on Chapel street in one of the best locations in New Haven has been vacant for 24 years. Fred A. Messore  of  Colonial Properties, Inc in Orange. The property at

1142 Chapel Street, New Haven is a 8,228 square foot commercial building combined with two contiguous parcels. The additional parcels at 166 York St, is a 3,618 square foot mixed use building on .06 acres and a parking lot around the corner at 169 Park Street, of .12 Acres. The total transaction was $2,300,000.           

The CID provided their Community Service Award – to Carl Russell of H.Pearce Real Estate.

This award recognizes service in a variety of areas such as: charitable and civic organizations, Chamber of Commerce, involvement or leadership with a real estate association or affiliated professional Institute, Society, or Council. The recipient of this award will also be recognized by the National Association of Realtors in the organization’s National Commercial Awards.” Carl has been a senior instructor for the National Association of Realtors’ Commercial Investment Real Estate Institute CCIM (Certified Commercial Investment Member) program since 1980. Carl is a past president of the CT Chapter of the Society of Industrial and Office Realtors (SIOR), the CT CCIM Chapter, Connecticut CID chapter, and New Haven Middlesex Association of Realtors, and has been named “Realtor of the Year” by both the Greater New Haven Board of Realtors and Connecticut Association of Realtors. He is an active member of the Rotary Club of Orange and was President for 2013-2014. He founded the “Rotary Club of Orange Thanksgiving Day 5K Road Race”, which in its 4 years has raised over $40,000 for Rotary and their great causes.

He is also President of the Real Estate Educational Foundation since 2011,  the charitable affiliate of the New Haven Middlesex Association of REALTORS® .