April 18, 2018
globe money start

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
slots

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
arvinas large

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…
April 10, 2018
trump estate

Former Trump Estate Hits Market

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

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

Apr 01, 2018
hartfordhealthcare
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
ampitheater1024x1024
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
mathewshome
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
Eric Thornburg web
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
nahas
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
natural gas
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
malone
Artificial Cell Technologies Inc., CFO has been indicted for embezzlement from the company. NEW HAVEN: The chief financial…

Unused UConn Property Offered to City

Mar 03, 2018
uconn torrington
TORRINGTON: UConn has contacted to Torrington city leaders to offer the municipality the first chance to buy the…

Blue Buffalo New Top Dog with $8 Billion Buyout

Feb 23, 2018
bluebuff
WILTON: A Connecticut startup and success story Blue Buffalo Pet Foods [NASDAQ:BUFF] is reportedly being sold to General…

Health

Quinnipiac Appoints Dean of Nursing School

Lisa OConnor
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

hartfordhealthcare
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

nomarijuana
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

marijuana
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

cadeuces obamacare2
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…

zmedica
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

Biostage 1st patient
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

cadeuces
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

chestervillage
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

cadeuces obamacare2
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

globe money start
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

fox
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.

Connecticut McCooe Horiz 300x200
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…

logan2
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

redfin
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

south side view district rendering preview
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…

Email Scams
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

cococ
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

profile mcchord
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…

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

Real Estate & Construction

Former Trump Estate Hits Market

trump estate
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

cheshire sky
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

house bar graph arrow up2
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

TSKP Library
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,…

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

mathewshome
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…

Mixed Use Westport Property Set For Redevelopment

beldenplace
WESTPORT: A team of three brokers, David Lindland, Franco Fellah and Matthew Keefe, has completed the sale of the 201 Main Street property for $3.25…

Crossfit Builds Out In Waterford

crossfit
WATERFORD: New London CrossFit, LLC, has leased 11,750 s/f of space at 132 Cross Road. Ron Lyman, CCIM, Lyman Real Estate CEO, brokered both sides of…

Downtown New Haven Building Sells

38trumbull
NEW HAVEN: The iconic mixed use building at 38 Trumbull Street was sold for $1,325,000 to Toplift Peak LLC. The seller was a local real estate…

Hamden Still Attracting Brick and Mortar Retailers 

sketchers
HAMDEN: The city’s Director of Economic Development and Neighborhood Revitalization, Dale Kroop, released a statement saying “despite the challenges…

Printer To Expand In West Haven

WEST HAVEN: For those that take notes write this down. At least one hands on printer is showing that ink on paper still matters. Panagrafix inc. [USA…

Government

Mr. Smith Wants to Go to Hartford

SMITH COVERLR
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

Joel image
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"…

mathewshome
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

ampitheater1024x1024
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

sports betting legalization
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

nomarijuana
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

marijuana
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

Malloy CROP
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.…

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.