Screen Shot 2017 10 20 at 9.37.01 AM

Assa Abloy Locks In A Smart [er] Lock

By Mitchell Young NEW HAVEN: Assa Abloy of the Americas, headquartered on Sargent Drive announced it is buying San Francisco based smart lock maker August Home to increase its portfolio of new lock tech. Assa Abloy [STO:…
Car Tax

Car Tax Could Be Taken Off Road

By: KEITH M. PHANEUF ctmirror.com State legislative leaders say they are strongly considering eliminating local property taxes on motor vehicles in the state budget they hope to adopt next week. But while they have proposals…
deathstar

THE EMPIRE STRIKES BACK

DEEP taking heat on its proposed changes to solar policy By: JAN ELLEN SPIEGEL CTMIRROR.COM Publishers Note: Our publishing partner ctmiror.com and reporter Jan Ellen Spiegel are demonstrating the value of independent media…
gelogo

Immelt Gets His Comeuppance As GE Tanks As He Exits

BOSTON: Investors have joined many Nutmeggers as they come out of the closet on their distaste for former GE (NYSE:GE] CEO Jeffrey Immelt. As GE’s new CEO John Flannery announced that expected results had been predicted…
Screen Shot 2017 10 17 at 12.02.59 PM

Population Decline Keeps Connecticut in Low Gear

Link to interactive map> Some towns will win, others lose as CT struggles with low growth By: ANA RADELAT | ctirror.com Washington – While Connecticut’s population growth has slowed to a crawl, there will be shifts in the…
resultstech

Connecticut Venture Group and ResultsJunkies In Fairfield, Hamden and…

Crossroads Venture Group's (CVG) Investor, Entrepreneur & Resource Network will be traversing around CT with Paul Singh's ResultsJunkies North American Tech Tour and its Investor Syndicate! Singh is currently serving as an…
Screen Shot 2017 10 13 at 10.43.07 AM

Vancouver Based Biotech Opening Guilford Office Has Yale Tie-in

Vancouver, British Columbia & Guilford, Bioasis Technologies, Inc . [OTCQB:BIOAF; TSX.V:BTI], a biopharmaceutical company announced that it has traveled more than 3,000 miles from its home base to open a U.S. office on Water…
sema

Biotech Expanding In Connecticut Reveals Brain Cancer Breakthrough

By Mitchell Young STAMFORD: Sema4, a genomic testing company with operations in Branford and Stamford and Connecticut’s newest expanding biotech company announced what could be a major breakthrough in the treatment of brain…

Booming Biotech Busts on Clinical Trial

biohaven
By Mitchell Young NEW HAVEN: Connecticut’s newest bio-tech star just ran full force into a brick wall. Biohaven, [NYSE:…

Nine Foreign Companies selected for Connecticut Innovations Venture Clash Competition

ventureclash
Nine companies from around the globe compete for $5 million in investments ROCKY HILL: Connecticut Innovations (CI), the…

Tech Council To Host "Scale Up" for Emerging Companies

Screen Shot 2017 10 13 at 9.32.52 AM
ScaleUP CT is a half-day event that will focus on supporting the emerging growth companies. November 2 at the Omni Hotel.…

No Nukes? Where's The Juice?

Millstone from The Day 771x494
With No plan for replacing Millstone, what are CT’s options? By: JAN ELLEN SPIEGEL ctmirror.com THE DAY, Millstone nuclear…
215churchstreet2

New Haven Biotech Explodes in Value and Chooses Downtown for Headquarters

By Mitchell Young NEW HAVEN: A newly public Bio-tech holding company Biohaven [ NYSE: BHVN] has chosen a high profile former bank building in the city’s Central Business District for its new headquarters. The moves comes as…
Ludwig 0002 161607 1

Alexion: Blame It On Brazil or Kanuma -The Stock Dives, And The Movers Get…

Alexion's New CEO Ludwig Hantson is making major executive changes By Mitchell Young New Haven: In spite of unexpected sales and earnings growth announced by Alexion Pharmaceuticals [Nasdaq: ALXN] just weeks ago, the…
Lieberman Joe March 2012 336x224

With Trump's Legal Pick Lieberman Is Likely Off FBI Job List

By Ana Radelat ctmirror.com Trump Picks Lieberman Associate Kasowitz As Personal Lawyer In Russia Probe Washington – President Donald Trump’s decision to hire attorney Marc Kasowitz to serve as his private lawyer during…
GNHCC TONY RESCIGNO

Rescigno to Retire from Greater New Haven Chamber of Commerce

CHAMBER RELEASE New Haven, CT (May 22, 2017) – After 17 years of service as the President of the Greater New Haven Chamber of Commerce (GNHCC), Anthony Rescigno announced today his plans to retire on December 31, 2017. A…

Dems Say Yes To Pot Cash, Casinos, Big Cuts To Munis

govbanner
Democrats would slash municipal aid, allow casino, legalize pot By Keith M. Phaneuf ctmirror.com Hartford: House and Senate…

Senate GOP Not Ready To Share CT Budget Fix With The Public

CTGOP
By Keith M. Phaneuf ctmiror.com Another question of public access arose Monday in the struggle to balance the next state…

Health Insurers Seek Big Rate Hikes, Blame Obamacare’s Uncertain Future

insurance rates
By Ana Radelat ctmirror.com Hartford: The state’s health insurers are asking for sizeable rate increases for individual and…

Auto Dealers Cite Tesla Cheating Report, To Stop Exemption Bill

Screen shot 2017 05 04 at 7.06.30 PM
Dealers Are Charging Up to Challenge Tesla - with Cars Too The DMV report says Tesla's Greenwich showroom violated…

Casino Revenues Stable, Foxwoods Weak, Mohegan Up

nina agidal
Mashantucket, Uncasville: Connecticut’s casinos have reported mixed results for April. Foxwoods reported slot revenue of…

After Layoffs, Investigation, New CEOs - Alexion Reports Results

Alexion logo color
By Mitchell Young New Haven: Worry warts that reacted to Alexion Pharmaceuticals, Inc.’s [Nasdaq: ALXN] announcement that it…

Health

bigstock 173513822

Connecticut Chambers of Commerce Respond To Health Care Premium Increases

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

Health Exchange CEO Says Insurers May Drop Out for 2018

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

aca
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

Access Health CT storefront
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

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

Starling Roosts In New Nest East of The River

starling
Glastonbury: A leading physician owned multispecialty medical practice Starling Physicians hasexpanded east of the river at 289 Western Boulevard.…

Health Insurers Seek Big Rate Hikes, Blame Obamacare’s Uncertain Future

insurance rates
By Ana Radelat ctmirror.com Hartford: The state’s health insurers are asking for sizeable rate increases for individual and small-business policies…

Connecticut Health Plans Not Happy With Trump ACA Overhaul

cadeuces
Insurers: Trump hasn’t committed to payments that would keep them in ACA exchanges By Ana Radelat ctmirror.com Washington: Despite reports to the…

St. Vincent's Hospital Says No Sale Imminent

stvincents
BRIDGEPORT: In meetings in late February [see report] hospital executives told employees that it was considering a potential sale or merger in the…

What The GOP Obamacare Replacement Bill Means For You And CT

the american health care act gop
By, Arielle Levin Becker, ctmirror.com Members of Congress will begin moving forward today with efforts to pass the American Health Care Act, a…

Hartford Insurance Execs Looking For A Friend In Washington

cadeuces
By Mitchell Young WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits…

CT Hospitals Launch TV Ad To Protest New Tax Proposal

hosptialtv
By: Keith M. Pahneuf, ctmirror.com Connecticut’s hospital industry launched a new television ad Thursday to protest Gov. Dannel P. Malloy’s proposal…

Technology

resultstech

Connecticut Venture Group and ResultsJunkies In Fairfield, Hamden and…

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

Nine Foreign Companies selected for Connecticut Innovations Venture Clash…

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

Screen Shot 2017 10 13 at 9.32.52 AM
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

TechTransfer
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

facebook
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…

Connecticut's Top Forty Fastest Growing Tech Cos Announced

shutterstock 174475871 large 700x500 upscale
HARTFORD: The Connecticut Technology Council (CTC) and Marcum LLP today announced the 2017 Marcum Tech Top 40, an annual recognition of the fastest…

Long Island Giving an Energy Boost to Connecticut Fuel Cell Company

fuel cell 300x156
By MItchell Young DANBURY: Fuel Cell Energy [Nasdaq: FCEL] may finally be lifting its head off mat as its receives one of the largest fuel cell…

West Hartford Med Tech Company Raises $1.9 Million

ready
WEST HARTFORD: ReadyDock develops tablet docking stations for tablet PCs used in the medical and laboratory, food, clean facilities, and education…

Crowdfunding & Cause-Related Marketing Seminar In Fairfield

Thursday, June 22, 2017 from 7:00 PM to 8:30 PM EDT Fairfield Library 1080 Old Post Rd. Fairfield Crowdfunding & Cause-Related Marketing "The New…

Fuel Cell Picks Up Some Financial Energy

FUELCELL
Danbury: FuelCell Energy Inc. [Nasdaq: FCEL] stock went on a world wind trip this week losing 10% of it value on a single day May 2. The stock closed…

Real Estate & Construction

Guilford Savings Underwrites $10 Million Plus Loan for Shopping Center

Flanders Plaza 7a
EAST LYME: Guilford Savings Bank recently completed financing for the 60,000 square foot Flanders Plaza Shopping Center adjacent to I-95 in East…

Nation’s Second Largest Cable Operator to Build New Headquarters in…

charter 1 600x933
STAMFORD: Charter Communications [Nasdaq:CHTR] has announced today [October, 3 2017] plans to build a new 15-story headquarters in Connecticut and…

The Connecticut Green Building Council Receiving Submissions For Green…

greenbuilding
New Haven: The Connecticut Green Building Council (CTGBC) is now receiving entry submissions for the 2017 CT Green Building Awards. Each year, CTGBC…

Shelton Engineering Firm Acquired By Global company

lbg
SHELTON: Leggette, Brashears and Graham, Inc. [LBG], an environmental engineering services firm headquartered in town and with 17 regional offices…

Suffield Economic Development Commission To Host Annual Familiarization…

McMahon Patrick Town of Suffield 240x300
By Patrick McMahon Suffield: Every community has assets to market from an economic development perspective, and Suffield is no different. We have…

Shelton Industrial Campus Sells for $26.25 Million

Screen Shot 2017 08 30 at 1.46.03 PM
SHELTON: 710 Bridgeport Avenue LLC, controlled by RNY Property Trust, was sold for $26.25 million, to Sun Equity Partners, LLC. , Jeffrey Dunne and…

Stamford Office Tower Sells Just Shy of $100 Million

CBRE StamfordTowers 1
STAMFORD: Stamford Towers two adjacent class A office building have sold for $97 million. The buildings were last sold in1998 for $61.3 million to…

CT Single-Family Sales Rise By Double Digits In July, Condo Prices Drop

house bar graph arrow up2
HARTFORD: Single-family home sales in Connecticut jumped 12.7 percent in July compared to July of 2016, according to the latest report from The…

New Haven Biotech Explodes in Value and Chooses Downtown for Headquarters

215churchstreet2
By Mitchell Young NEW HAVEN: A newly public Bio-tech holding company Biohaven [ NYSE: BHVN] has chosen a high profile former bank building in the…

Realtor Adds 746 Chapel Street to Property Management Business

746 chapel
WOODBRIDGE: Levey Miller Maretz announced they have expanded its property management business, ading 746 Chapel Street,a mixed use ofice and retail…

Government

Car Tax Could Be Taken Off Road

Car Tax
By: KEITH M. PHANEUF ctmirror.com State legislative leaders say they are strongly considering eliminating local property taxes on motor vehicles in…

CT: Tax and Fees On The Near Horizon, $600-$800 Billion

hellotax
Budget Debate: It’s Not How Much, But What Kind Of Revenue To Raise By, Keith M. Phaneuf ctmirror.com HARTFORD: For months Gov. Dannel P. Malloy has…

Sales Tax Hike Seems An ‘Inevitability,’ But Questions Remain

salestaximageonmoney
By, Keith M. Phaneuf and Mark Pazniokas ctmirror.com Connecticut’s top state senator said Wednesday he believes moderate Democrats are “growing…

Town Economic Developer Shares Vision and Cites "Wins"

Ryan Tim Wallingford 180x225
Tim Ryan Economic Development Specialist, Wallingford EDC. By Tim Ryan Economic Development Specialist, Wallingford EDC. WALLINGFORD: Let’s be real.…

Cities Part Ways With Dems On New Sales Taxes

DeLong 771x591
Connecticut Conference of Municipalities Executive Director Joe DeLong [Photo: KEITH M. PHANEUF] By Keith M. Phaneuf Ctmirror.org NEW HAVEN: One of…

State Employees Ratify Concessions By Wide Margin

Concessions announcement
Union representatives at a press conference announcing the ratification of a concessions agreement with the state. Photo: Mark Pazniokas ctmirror.org…

Higher Sales Tax On Dems Picnic Table

aersimowicz and ritter
House Speaker Joe Aresimowicz, left, and House Majority Leader Matt Ritter keeping sales tax increase on the table. Sales Tax Hike Remains In Play As…

Getting it Wrong On Alexion. We Have Met The Enemy, And It Is You

alexionn
By Mitchell Young Former Democratic Governor Ella Grasso famously made a home cooked meal for Miles Laboratories, [Bayer Pharmaceuticals] executives…

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.