December 12, 2017
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Utility Company Demanding Silence From Environmental Goup

HARTFORD, BOSTON: Eversource Energy [NYSE: ES] released a statement saying it was putting the Environmental Defense Fund [EDF] “on notice that the company will pursue legal action if EDF doesn’t halt its false and defamatory…
December 12, 2017
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Northeast Rail Plan Off Track Without Funds and Fairfield County…

By: ANA RADELAT ctmirror.com Washington – An ambitious — and to some in Connecticut controversial — plan to overhaul the railroad in the Northeast Corridor has come to a full stop, a victim of lack of funding. There also has…
December 13, 2017
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Tiny Alexion Competitor Sees Its Drug Move Forward In Clinical Trials

By Mitchell Young NEW YORK and LONDON: Akari Therapeutics, Plc [NASDAQ:AKTX], a biopharmaceutical company in clinical development of a drug competitive to Alexion Pharmaceuticals [NYSE: ALXN] flagship drug Soliris, announced…
December 08, 2017
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Activist Investor Targets Alexion

Billionaire Paul Elliott Singer of Elliot Investment has been described as one of the country's toughest money managers and a vulture investor. His firm has targeted Alexion for changes or a possible sale. By Mitchell Young…

$500 Million for Bertolini But Aetna May Not Make Big Apple Move

Dec 08, 2017
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By Mitchell Young WOONSOCKET: A suburb city of Providence, Rhode island the country’s smallest state is the home of CVS…

Largest Sales Increase In Single Family Homes In A Decade

Dec 08, 2017
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BOSTON: Single-family home sales in Connecticut continued their increase in sales jumping 3.8 percent in October compared to…

Tribes Counter MGM, Hinting at Bid for New Casinos

Dec 06, 2017
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By: MARK PAZNIOKAS | ctmirror.com The tribal owners of the Foxwoods Resorts and Mohegan Sun casinos sent legislative leaders…

Mohegan Sun Inks Bridgeport Concert Deal, Harbor Yard Concert Plan A Potential Casualty of Bridgeport Casino War

Dec 06, 2017
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BRIDGEPORT: Just a day after MGM Resorts CEO James Murren tried to rally Bridgeport’s business community in a speech to…

Glastonbury Financial Service Company Raises $6 Million From Strategic Investors

Dec 05, 2017
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GLASTONBURY: Payrailz, a digital payments company offering advanced bill payment and money transfer solutions to banks and…

Regents to Consider Plan for Consolidating Community Colleges

Dec 05, 2017
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Norwich Community College By: Clarice Silber CTMIRROR.COM HARTFORD: A controversial plan to consolidate Connecticut’s 12…

New Haven Biotech To Purchase Infectious Disease Portfolio

Dec 01, 2017
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NEW HAVEN: Melinta Therapeutics, Inc. [NASDAQ: MLNT] has entered an agreement to acquire the infectious disease business…

Access Health projecting 2018 Enrollment Will Match Last Year’s

Dec 01, 2017
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By: Mackenzie Rigg | CTmirror.com Access Health CEO Jim WadleighKyle Constable / CTMirror.org HARTFORD: With about three…

Conncticut Ranked #42 For Business By Forbes, New England Trails Country

Dec 01, 2017
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According to Forbes magazine’s 2017 Best States For Business rankings, Connecticut ranks among the ten worst states in the…

Health

Access Health projecting 2018 Enrollment Will Match Last Year’s

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By: Mackenzie Rigg | CTmirror.com Access Health CEO Jim WadleighKyle Constable / CTMirror.org HARTFORD: With about three weeks left in open…

Feds: State Can Impose Work Requirement for Medicaid Recipients

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Medicaid chief: Feds are willing to approve work requirements By: Phil Galewitz | Kaiser Health News | Seema Verma, head of the Centers for Medicare…

City Sues Connecticut Pharmaceutical Company

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NEW HAVEN: The city has joined the parade of states and cities suing the privately owned Stamford, Connecticut based Purdue Pharma and other…

So Far Only Lobster Pot in Maine

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AUGUSTA: Not everyone is willing to toke up for some taxes. Like Connecticut legislators, Maine’s Governor Paul LePage was not willing to allow…

AETNA- CVS HOOKUP COULD HAPPEN BY DECEMBER

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UPDATE FROM REUTERS> By Mitchell Young WOONSOCKET, RI: Aetna [NYSE: AET] CEO Mark Bertolini probably won’t be enjoying the commanding view of the New…

Connecticut Chambers of Commerce Respond To Health Care Premium Increases

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HARTFORD: Connecticut Chamber of Commerce executives and their health insurance marketing partner the Chamber Insurance Trust announced they are…

Health Exchange CEO Says Insurers May Drop Out for 2018

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On August 2nd Jim Wadleigh CEO of Access Health, Connecticut’s ACA [Obamcare] health exchange. Said that concerns that the Trump Administration might…

Even With Obamacare’s Survival, A Shakeup In CT Healthcare System Threatens

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By, Ana Radelat ctmirror.com WASHINGTON:– Even though the U.S. Senate failed to repeal the Affordable Care Act, there will potentially be changes to…

CT Health Exchange Scaling Back Retail Outreach

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Access Health CT CEO, James Wadleigh Dropping Retail Locations in New Haven and New Britain Kyle Constable ctmirror.org HARTFORD: Facing a shortened…

Health Insurers Seek Double-Digit Rate Increases

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By: Kyle Constable ctmirror.org Connecticare actuary Kelsey, tries to lay out the numbers behind the company's proposed rate increases. Hartford: Two…

Technology

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…

FuelCell Energy and Toyota Announce Renewable Transportation Fuel Project

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DANBURY: Some good news comes to Fuel Cell Energy [NASDAQ: FCEL] with an agreement with Toyota to purchase hydrogen for vehicle refueling at the Port…

UCONN Incubation Companies Exceed Funding Target

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STORRS: UCONN Technology Incubation Program companies have raised $54 million in financing in 2017, exceeding the programs $50 million goal and…

New Haven Company Raises $18 Million for Next Generation Computer Tech

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NEW HAVEN: Two seasoned Venture investors have led an $18 million Series A investment into New Haven Quantum Circuits Inc [QCI] The new funds came…

VentureClash Announces Winners of $5 Million Global Investment Challenge

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ROCKY HILL: Connecticut Innovations [CI] Connecticut’s quasi public venture capital organization announced the winners of its VentureClash, $5…

Connecticut Venture Group and ResultsJunkies In Fairfield, Hamden and…

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Crossroads Venture Group's (CVG) Investor, Entrepreneur & Resource Network will be traversing around CT with Paul Singh's ResultsJunkies North…

Nine Foreign Companies selected for Connecticut Innovations Venture Clash…

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Nine companies from around the globe compete for $5 million in investments ROCKY HILL: Connecticut Innovations (CI), the state;s quasi public venture…

Tech Council To Host "Scale Up" for Emerging Companies

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ScaleUP CT is a half-day event that will focus on supporting the emerging growth companies. November 2 at the Omni Hotel. Scale Up is presented by…

Connecticut's Fastest Growing Tech Companies Cited

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HARTFORD: The Connecticut Technology Council (CTC) and Marcum LLP announced the winners of the 2017 Marcum Tech Top 40, the tenth annual awards…

Facebook Building Out New England Operations

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Cambridge, Mass. Facebook which was started in Cambridge by Mark Zuckerberg a then student at Harvard has had only a minor prescence in New England’s…

Real Estate & Construction

Home Prices In Two Connecticut Metros Still Lag Pre-Recession Prices

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Home prices across the nation have mostly recovered from the worst of the from the declines suffered during the “Great Recession,” according to…

Mortgage Company To Add Twelve New States In Expansion

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MILFORD: Total Mortgage has announced expansion plans for 2018, as it seeking to open branches in 12 new states over the next 12 months. The company…

Historic Hartford Skyscraper To Suites Company

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HARTFORD: A downtown land mark 750 Main Street has been sold for $4.3 million. First built in 1921 the 17 floor “skyscraper” the former…

Largest Sales Increase In Single Family Homes In A Decade

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BOSTON: Single-family home sales in Connecticut continued their increase in sales jumping 3.8 percent in October compared to October 2016, according…

Post Road, Orange Property Fetches $2.2 Million

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ORANGE: The building housing long term tenant Porch and patio has been sold for $2.3 million. The 15,300 square foot commercial building at 363…

A Billion Reasons To Invest in Connecticut’s Downtowns and Main Streets

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Christine Schilke, Connecticut Main Street Center Connecticut stands ready to enter a new era of economic development as the key components of market…

Education Fund Established For Family of Popular Realtor

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HARTFORD: The CCIM [Certified Commercial Investment Member] Foundation has created tyhe Wayne D’Amico Memorial Fund to recognize, D’Amico an Ivoryton…

Distribution Firm Leases In North Branford

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NORTH BRANFORD: The Geenty Group, Realtors, reports a three-year lease with options to extend 2 units at 5 Enterprise Drive. The tenant is TXX…

Hilltop Office Park Doubles in Value on Sale

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Danbury: Lee Farm Corporate Park a class A office building on I-84 was purchased for $16.9 million by Summit Development of Southport and The…

Class B Building Brings in $2.9 Million in Sale

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NORWALK: 14 Westport Avenue a 32,000 square foot “class B” office building in downtown sold for $2.9 million. The three-story building was built in…

Government

What Are They Smoking Up There?

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HARTFORD: Even as a mayor who wants to be Governor calls on the state to “oversee” a dysfunctional government, the Hartford Court of Common Council…

Connecticut Seeks Revenue through CT Fresh Start Tax Program

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HARTFORD: Connecticut is hoping to bring in $85 million with a “voluntary” tax compliance program, Fresh Start for both individuals and business.…

Tax Commissioner: GOP Plan, Many in State to Pay More

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By: Ana Radelat | ctmirror.com State Department of Revenue Services Commissioner Kevin B. Sullivanctmirror.com Washington – Connecticut Commissioner…

Survey, CT Residents "Take Care of The Basics"

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CONNECTICUT: A new survey by administered by the quasi-government Connecticut Economic Resource Center [CERC] says that residents are concerned about…

Fed Tax Bill Would Bang CT Homeowners and Small Biz

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By: Ana Radelat | ctmirror.com Senate tax bill would have big impact on CT homeowners, small businesses Senate Finance Committee Chair Orrin Hatch,…

Economist Gioia: ‘Historic’ State Budget Will Boost Business Confidence

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By: Keith M. Phaneuf | ctmirror.com A vice president and economist with the ConnecticutBusiness and Industry Association, Peter Gioia has spent the…

Many Connecticut Public Companies Would See Lower Corporate Taxes With…

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WASHINGTON: The Republican House of Representative has presented a corporate tax reduction plan from 35% to 20%. The website WalletHub.com issued a…

After 117-Day Marathon, Senate Passes Bipartisan Budget

By: Keith M. Phaneuf, Jacqueline Rabe Thomas and Mark Pazniokas | ctmirror.com HARTFORD: A newly united Senate took a major step early Thursday…

SOLD

The Geenty Group, Realtors completed the $485,000 sale of 30 Main St., in Centerbrook, a 6,000 SF Tudor mansion. This property was previously used as a multi-tenanted office building. Kevin Geenty, SIOR represented the seller, ECC Realty, LLC and Kristin Geenty, SIOR represented the buyer, Michael Hannifan, of Essex. After extensive renovations, he plans to lease the building to his son, Colt Taylor, a chef in Manhattan relocating to Connecticut.

O,R&L Commercial, LLC participated in the $4,350,000 sale of a 22,600 SF retail strip center located at 201 Salem Tpke., in Norwich. The property was built in 2008 and anchored by Goodwill. Tim McMahon of O,R,&L Commercial represented the seller, Sincerest, LLC and also procured the buyer, Easter Seals Goodwill Industries.

Stephen Press, SIOR and principal of Press/Cuozzo Commercial Services and Ted Schaffer, senior advisor completed the off-market sale of 2321 Whitney Ave, the Hamden Center II complex consisting of an 80,000 SF Class A office building and 20,000 SF of retail space. Hamden Reality Associates, LP, seller, owned the property for 20 years and has a completed list of some of the area’s most distinguished business names. The buyer, HC2, LLC over four generations in the Schaffer family has developed, owned and operated real estate all over New Haven County. Schaffer represented the buyer and Press represented the seller in this transaction.  

Angel Commercial, LLC participated in the $840,000 sale of 105 Boston Post Rd., Milford, a 5,094 SF retail property. Angel stated the property was previously used by Westshore Motors and “an automobile use will continue going forward.” John Angel, president of Angel Commercial, LLC represented the seller and Jeanette Politano of Coldwell Commercial represented the buyer in this transaction. 

O,R&L Commercial, LLC participated in the $1,375,000 of a 40,896 SF industrial building located at 118 Sanrico Dr., Manchester. Jay Morris and Robert Gaucher, CCIM, SIOR of O,R&L Commercial represented the seller, Armais Assoc., LLC and CBRE-N.E. Partners, LP represented the buyer, Sanrico RP Reality, LLP. Sanrico RP Reality owns multiple local sites and around the country as an investor/developer. They plan to renovate the entire building and lease it to ABC Supply, a wholesale distributor of roofing, siding, windows, gutters and more since 1982. 

O,R&L Commercial, LLC participated in the $500,000 sale of 1551 King St., Enfield, a 19,665 SF former NAMCO retail building. Jay Morris and Robert Gaucher, CCIM, SIOR were the sole brokers in the transaction. Aramis Assoc., LLC was the seller and Secure Energy Realty was the buyer. They plan to completely refurbish the building and convert it to Class A office. They will use the property as a company headquarters. Their locations reside in Connecticut, Massachusetts and New Jersey specializing in developing and implementing procurement strategies for electricity, natural gas, distributed generation, solar energy as well as other evolving market solutions.

LEASED

Franco Fellah, executive vice president at HK Group represented The Orthopedic & Sports Medicine Center in the negotiated lease of a 2,900 SF medical space at 1800 Post Rd., East Westport. The space was previously occupied by People’s United Bank and the anchor tenant of the center is a Super Stop & Shop. Founded in 1994, The Orthopedic and Sports Medicine Center has established locations in Trumbull, Shelton, Stratford and Fairfield. The Westport space is under construction and should be ready to open for business in early 2017.

Frank Greco, commercial associate in Pearce Real Estate’s Milford Commercial Office negotiated a lease at 33 Sylvan Ave., New Haven. Greco represented the landlord, Trinity Management Company and the tenant, New England Orthotic & Prosthetic Systems, LLC. They are a leading provider of state-of-the-art orthotic and prosthetic care products and services for patients in the eastern United States. This will mark the company’s 13th location in Connecticut, 30 facilities total in New England and New York.

Joel Galvin, GRI, CCS and senior commercial associate in Pearce Real Estate’s North Haven office negotiated a three-year lease located at 2346 Boston Post Rd., Guilford, a 2,080 SF professional office space. Galvin represented both the landlord, TPM Reality, LLC and the tenant, Medpricer.Com, LLC. This location will be a new headquarters for Medpricer.Com, LLC, a business enabling health care professionals to save on both purchased services and e-sourcing for hospital services.

O,R&L Commercial, LLC negotiated a lease of a 1,825 SF retail store at 1206 Silas Deane Hwy., Wethersfield., to Miracle Ear. They have over 1,200 retail locations nationwide—13 of them in Connecticut. They have provided complete customer care packages to millions for over 65 years. Jay Morris and Robert Gaucher, CCIM and SIOR of O,R&L Commercial represented the landlord, Phoenix Reality Management and Andrew Armata of Sullivan Hayes Companies Northeast represented the tenant, Northeast Hearing LLC

OTHER NEWS

Avison Young’s Fairfield/Westchester office was named exclusive leading agent for the Class A office building which is located at 1000 Lafayette Blvd., Bridgeport. Over 70,000 SF of available space at the 11-story will by marketed by Sean Cahill, managing director and Lori Baker, vice president— 215,000 SF in Class A office building in Bridgeport’s central business district. There will be two full floors of 23,000 SF each available at this space as well as partial floors anywhere between 4,000 to 8,300 SF.

President of Southport-based Angel Commercial, LLC Jon Angel announced Levy, Diamond, Bello & Associates, LLC will be relocating to Quarry Road Business Park in Milford. They have leased an office space of 2,816 SF. Levy, Diamond, Bello & Associates, LLC is a firm specializing in debt collection since founded in 1982. They provide accounts receivable products and services to credit as well as collection professionals located in the U.S. and abroad. Their clientele expands in areas including transportation, manufacturing, publishing, construction, medical supplies and sporting goods sectors. 

Kubtec, an innovation leader in digital imaging, will relocate its corporate headquarters from Milford to a larger location at 111 Research Dr., Stratford. The new location will double the company’s manufacturing capacity as well as providing a central location for all departments at Kubtec including manufacturing, research and development, customer service and support and commercial operations. The move was completed
on Dec. 6.