According to the Hartford Business Journal, United Illuminating Co. reported a first-quarter return on equity of 3.49%, significantly below its allowed 8.63% set by the Public Utilities Regulatory Authority. The company attributes this decline to financial challenges stemming from PURA’s 2023 rate decision, warning that higher debt costs could lead to increased customer rates. UI […]
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According to the Providence Business News, Dallas-based Encore Enterprises Inc. has acquired Cowesett Corners shopping center in Warwick in a recapitalization deal with AmCap Management Holdings LLC. City real estate records list the purchase price at $27.75 million, reflecting continued investment in grocery-anchored retail properties. Click Here: Joint venture acquires Cowesett Corners shopping center in […]
According to the Hartford Business Journal, Lin Investment Group LLC has purchased two neighboring retail buildings at 2162 and 2172 Silas Deane Highway in Rocky Hill for $2.65 million. The properties, totaling 1.46 acres, include an 8,798-square-foot multi-tenant retail building completed in 2000 and a 5,050-square-foot retail building built in 1978. Click Here: Two neighboring […]
According to the Hartford Business Journal, Hexagon Group has acquired a 52,416-square-foot office and research building at 2 Elm St. in Windsor Locks for $650,000. The property, spanning 5.8 acres, was purchased from Ahlstrom, a manufacturer, and is currently vacant. Hexagon has submitted a special use permit request to convert the building into 53 apartments, […]
According to the Hartford Business Journal, Electric Boat has purchased two commercial properties near its Groton shipyard for $3.6 million. The acquisitions include a 34,700-square-foot warehouse built in 2002 at 415 Thames St. and a 12,737-square-foot vacant restaurant property at 359 Thames St. The seller, Deaderick SSB LLC, is registered in Miami Beach, Florida. Electric […]
According to the Hartford Business Journal, Riverside Avenue Properties LLC has purchased a two-story office building at 222 Riverside Ave. in Westport for $1.38 million. The property, built in 2006 on a 6,534-square-foot parcel, was previously owned by 222 Riverside Avenue LLC. Click Here: Westport attorney buys two-story office building for $1.38M for more information