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, state lawmakers have approved a $50 million fund to support the conversion of vacant commercial properties into new uses. The Greyfield Revitalization program, part of Gov. Ned Lamont’s capital budget, will provide grants or loans for redeveloping economically nonviable retail and office spaces. The $9.7 billion capital budget […]
According to the Hartford Business Journal, Hartford officials are shifting funds from a stalled $29.2 million mixed-use development in Parkville to support a hotel, parking garage, and artificial intelligence hub on a 3-acre site next to Dunkin’ Park. The Capital Region Development Authority plans to reallocate $1.5 million from the Parkville project, along with $500,000 […]
According to the Hartford Business Journal, ARC-AMS Wilton Owner LLC has acquired a 50,953-square-foot office building at 131 Danbury Road, Wilton for $13.1 million. The three-story structure, built in 1957 on a 4.74-acre parcel, was previously owned by FGI Wilton LLC. Wilton’s Planning and Zoning Commission approved a 208-unit apartment conversion for the site in […]
According to the Hartford Business Journal, developers have submitted a wetlands application to construct a 150,000-square-foot flex industrial building on a 13.3-acre site at 68 Newberry Road, East Windsor. The property, currently housing a 3,000-square-foot warehouse built in 1986, was purchased for $950,000 in 2007. Plans include demolishing the existing structure and replacing it with […]
According to the Hartford Business Journal, 1599 SE Road LLC has purchased a 21,600-square-foot retail building at 1599 Southeast Road, Farmington, for $3.375 million. The property, built in 1989 and renovated in 2008, sits on 1.42 acres and houses a Barnes & Noble Bookstore. The seller, Farmington South East RD LLC, had acquired the site […]
According to the Hartford Business Journal, Electric Boat has purchased a commercial lot at 435 Thames St. in Groton for $1.5 million, marking its third acquisition on Thames Street this month. Earlier in May, the company bought a 34,700-square-foot warehouse at 415 Thames St. and a 12,737-square-foot vacant restaurant property at 359 Thames St. for […]
Market Reports
