February 09, 2018
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New Crowdfunding and Crowdsourcing Ecosystem Helps Test Ideas, Hire…

Logan: "Entrepreneurs can do more than offer rewards to backers." PLANTSVILLE: Two Connecticut entrepreneurs are taking on the crowd funding and crowdsorcing “space” with a new company Umergence, at umergence.com. CEO and…
February 09, 2018
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Poll Reveals What Nutmeggers Want

FAIRFIELD: A new survey reports what most Connecticut residents feel about the state of the state. Sacred Heart University’s Institute for Public Policy poll reports that, “residents were looking for a resolution to the…
February 09, 2018
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Mass Mutual To Close Enfield Location and Consolidate In Springfield and…

After $38 million in improvements just three years ago Mass Mutual is leaving its Enfield location and consolidating operations across the border in Springfield. SPRINGFIELD: MassMutual Insurance is consolidating its…
February 09, 2018
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Year Results Show Alexion’s Drugs Continue To Show Sales Growth

NEW HAVEN: Even as the company prepares to head north to a new headquarters in Boston, the New Haven portfolio of drugs continues to power ahead for Alexion Pharmaceuticals, Inc. [NYSE:ALXN]. Sales for the company’s lead…

Congress Approves Budget Bill With Plenty For Connecticut

Feb 09, 2018
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By: ANA RADELAT | ctmirror.org Washington – In rare bipartisan agreement, Congress on Friday approved a massive budget deal…

Federal Reserve Program Sends Grants to Ten Connecticut Cities

Feb 09, 2018
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BOSTON: Concern about the Federal Reserve raising interest rates in the face of good economic news may have sent the stock…

Tesla Revs Up For Another Pass On Direct Selling

Feb 09, 2018
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HARTFORD: Tesla is looking to a new legislative session in their effort to enable its “direct-to-consumer business model”…

Connecticut 48th Among US States For Women Entrepreneurs

Jan 30, 2018
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The U.S. is home to more than 11.3 million female-owned businesses which employed around nine million people but according…

Quinnipiac Appoints New President To Replace Retiring John Lahey

Jan 31, 2018
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HAMDEN: Judy D. Olian has been appointed the ninth president of Quinnipiac University. Olian, is dean and John E. Anderson…

Malloy Seeks Tolls, Gas-tax Hike to Rebuild Transportation Network

Jan 31, 2018
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By: Keith M. Phaneuf ctmirror.org Gov. Dannel P. Malloy will ask legislators this year to establish electronic tolling on…

New Haven Chamber Chooses New President

Jan 31, 2018
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NEW HAVEN: Garrett F. Sheehan has been named President of the Greater New Haven Chamber of Commerce and Quinnipiac Chamber…

Klarides: Will Not Run for Governor

Jan 31, 2018
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By: MARK PAZNIOKAS ctmirror.org House Minority Leader Themis Klarides, R-Derby, ended months of speculation about her…

New Haven Biotech Announces US Marketing of New Antibiotic

Jan 31, 2018
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NEW HAVEN: Melinta Therapeutics, Inc. [NASDAQ:MLNT], is launching intravenous and oral formulations of Baxdela™…

Health

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…

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…

Technology

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…

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…

Real Estate & Construction

New Haven’s Vacant Class A Space Overhangs The City

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NEW HAVEN: According to the most recent research report for New Haven from Colliers International the New Haven office market is undergoing a change.…

Bristol Myers Campus Sold

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WALLINGFORD: Massachusetts-based , Calare Properties, real estate development company firm has purchased the Bristol-Myers Squibb property for $5…

Mass Mutual To Close Enfield Location and Consolidate In Springfield and…

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After $38 million in improvements just three years ago Mass Mutual is leaving its Enfield location and consolidating operations across the border in…

Former Stanley Office Building Hits Market For Sale

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NEW BRITAIN: - The former Stanley Black & Decker building at 480 Myrtle Street is for sale. According to Frank Amodio, owner of Amodio & Co. Real…

Concrete Builders Seek To Cement Their Message

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WETHERSFIELD: Connecticut Ready Mixed Concrete Association’s [CRMCA] Build with Strength Committee, announced that the CRMCA will be marketing a…

December Home Sales Plummet

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BOSTON: 2017 was an excellent year for single family home sales in Connecticut with the year over year sales reaching an eleven-year high. December…

Apartments To Rise At Former Corporate Headquarters' Site

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TRUMBULL: An empty 78,692 square foot office building on 10.78 acres at 100 Oakview Drive will be demolished to make way for a new $30 million rental…

Trucking Company Rolls Into Plainfield

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PLAINFIELD:, CT Truckload carrier Western Express has purchased a 12.85-acre facility at 1293 Norwich Road for $1.75 million. Ron Lyman, CCIM, CEO of…

Stratford Promotion Company Relocating to West Haven

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WEST HAVEN: A 24,317 SF light Industrial / Flex building on 1.25 acres located across from the Metro-North West Haven train station at 45 Railroad…

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…

Government

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.…

Poll Reveals What Nutmeggers Want

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FAIRFIELD: A new survey reports what most Connecticut residents feel about the state of the state. Sacred Heart University’s Institute for Public…

Federal Reserve Program Sends Grants to Ten Connecticut Cities

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BOSTON: Concern about the Federal Reserve raising interest rates in the face of good economic news may have sent the stock market reeling, but ten…

Tesla Revs Up For Another Pass On Direct Selling

Tesla Model 3 shiny CleanTechnica EV Report 2017
HARTFORD: Tesla is looking to a new legislative session in their effort to enable its “direct-to-consumer business model” and sell its electric cars…

Malloy Seeks Tolls, Gas-tax Hike to Rebuild Transportation Network

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By: Keith M. Phaneuf ctmirror.org Gov. Dannel P. Malloy will ask legislators this year to establish electronic tolling on Connecticut highways by…

Klarides: Will Not Run for Governor

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By: MARK PAZNIOKAS ctmirror.org House Minority Leader Themis Klarides, R-Derby, ended months of speculation about her political ambitions Wednesday,…

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.