Market Insights
From major acquisitions and new developments to shifting trends and standout deals, we bring you fresh updates, local stories, and expert takes on the commercial real estate moves shaping our region. Whether you’re tracking the latest transactions or just curious about what’s next, we’ll keep you in the loop with news that’s timely, relevant, and easy to digest.
According to the Providence Business First, Rhode Island Hospital, part of Brown University Health, is pursuing approval for a $24.1 million demolition initiative as an early phase of a larger campus modernization effort in Providence. The work is intended to clear aging facilities and prepare the site for future redevelopment, including a planned 185,000-square-foot Diagnostic […]
According to the Hartford Business Journal, Sarmat Properties LLC purchased the flex industrial property at 270 George Washington Road in Enfield for $1.2 million from 279 Nutmeg Road South LLC. The 16,845-square-foot building sits on 1.74 acres and includes approximately 14,400 square feet of office space and 2,400 square feet of warehouse space. Built in […]
According to the Hartford Business Journal, Lower Fairfield County’s office availability declined to 28% across 16.4 million square feet of Class A office space as more buildings were removed from inventory for redevelopment projects. Choyce Peterson reported that more than 1.8 million square feet of office space has been taken out of the market since […]
According to the Hartford Business Journal, Hartford officials are seeking to postpone the city’s next property revaluation by one year, moving the scheduled reassessment from 2026 to Oct. 1, 2027. The proposal, which was introduced to the City Council and referred to a committee for review, follows state legislation that grants Hartford a one-time opportunity […]
According to the Hartford Business Journal, Otis Worldwide plans to relocate its corporate headquarters from 1 Carrier Place in Farmington to leased office space at 29 South Main St. in West Hartford in 2027. The company has signed a lease for approximately 31,790 square feet at the Town Center complex while maintaining its broader Connecticut […]
According to the Hartford Business Journal, Jasko Development expanded its downtown New Britain holdings with a $1.5 million acquisition of the neighboring properties at 2-26 Main St. and 3 Franklin Square, along with a small adjoining parcel at 12 Glen St. The transaction included a 16,326-square-foot office-retail building on a quarter-acre site and a 3,045-square-foot […]
