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, 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 […]
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, […]
Market Reports
