According to the Hartford Business Journal, Lancashire Group, a Bermuda-based insurance company operating in London, is opening its first U.S. office in Greenwich. The company has signed a long-term lease for 6,468 square feet of space on the second floor of a Class A office building at 145 Mason St., owned by Win Properties. Click […]
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According to the Hartford Business Journal, Jai Mataji CT LLC has purchased a 99-room Motel 6 property at 3 National Drive in Windsor Locks for $4.95 million. The 27,120-square-foot motel, built 36 years ago on 2.3 acres, was previously owned by Shivaan Inc., which acquired it for $2.85 million in 2018. Click Here: 99-room Windsor Locks […]
According to the Hartford Business Journal, a one-story industrial building at 674 Naugatuck Ave. in Milford, built in 1890, has been sold for $1.68 million. The 26,400-square-foot property, situated on a 2.5-acre parcel with 17,000 square feet of asphalt coverage, was purchased by 0674 Naugatuck Ave LLC from 674 Naugatuck Ave LLC. Click Here: One-story, […]
According to the Hartford Business Journal, a Greenwich-based investor has purchased a 12.89-acre industrial complex at 5 Glen Road in Manchester for $2.9 million. The site, formerly home to the Case Brothers paper mill, includes a 60,551-square-foot brick mill building dating back to 1900, along with five additional structures ranging from an 800-square-foot warehouse to […]
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 […]
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 […]