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 Hartford Business Journal, JD Hartford LLC acquired the nine-story Capitol Hotel at 440 Asylum Street in Hartford for $6 million. The 68,763-square-foot property, built in 1961, includes 96 rooms, a 46-space indoor garage, and an 11,240-square-foot surface lot on a 0.71-acre parcel overlooking Bushnell Park. Click Here: Downtown Hartford hotel sells for […]
According to the Hartford Business Journal, the City of Hartford and Grow America are developing a 32,000-square-foot mixed-use building at the corner of Albany Avenue and Woodlawn Street on a 2.3-acre city-owned parcel, with a total project cost of $19.4 million. The site, intended to house Hartford’s health department and ground-floor retail, encountered unexpected subsurface […]
According to the Hartford Business Journal, a 14,981-square-foot brick-and-masonry building at 200 John Downey Drive in New Britain was sold for $1.9 million to a Raritan, New Jersey-based LLC. The property, situated on 2.3 acres, houses Lincoln Technical Institute under a long-term lease and was purchased as an investment. Click Here: Lincoln Tech property in […]
According to the Hartford Business Journal, Windsor’s Planning and Zoning Commission approved new adaptive reuse regulations to encourage the conversion of vacant office buildings into housing and mixed-use developments within the Day Hill Road Corporate Area. The zoning changes respond to Windsor’s office vacancy rate of 59.1% in early 2024 and aim to support residential, […]
According to the Hartford Business Journal, Calco Construction and Development Inc. has proposed a mixed-use redevelopment across three properties totaling 12.3 acres at 466 Deming Road, 337 Berlin Turnpike, and 51 Worthington Ridge in Berlin. The plan includes constructing a 3,690-square-foot McDonald’s with a drive-thru, renovating existing buildings for warehouse and retail use, and adding […]
According to the Hartford Business Journal, demolition is set to begin at East Hartford’s Founders Plaza as part of the Port Eastside redevelopment, which aims to deliver around 1,000 apartments and 400,000 square feet of commercial space along the Connecticut River. The initial phase includes tearing down a 182,890-square-foot former Bank of America office building […]
Market Reports
