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 Rocky Hill investor recently purchased The Andrews, a 20-unit apartment building at 132 Main St., New Britain, for $4.5 million. The 26,975-square-foot building, which underwent a $4.3 million renovation, features first-floor restaurant space and is fully occupied. Vina Andrews LLC, the winning bidder, was one of 239 potential […]
According to the Providence Business News, plans for a $70 million development project on former Interstate 195 land in Providence, anchored by a new headquarters of Bank Rhode Island, have been halted. The project, which was to include 58,000 square feet of office space for the bank, faced challenges due to higher interest rates and […]
According to the Hartford Business Journal, Baywater Properties is expanding Darien’s office space by 105,968 square feet as part of The Corbin District’s $165 million second phase. The mixed-use development on 7 acres downtown will feature 11 new buildings, including office space, 112 apartment units, and 78,810 square feet of retail space. The office space […]
According to the Hartford Business Journal, M&T Bank is attempting to sell a $28.25 million mortgage loan secured by the 340,247-square-foot Goodwin Square office tower at 225 Asylum St. The building, owned by a limited liability company tied to Westport Capital Partners, is currently 76.1% leased, but the owner is unwilling to invest in tenant […]
According to the Hartford Business Journal, Waterbury may be among the first Connecticut communities to join the newly formed Municipal Redevelopment Authority, which has a $60 million budget to support multifamily developments in urban centers. If Waterbury’s Board of Aldermen endorses enrollment, the collaboration with MRDA could target areas like the central business district and […]
According to the Hartford Business Journal, Torrington-based RJB Contracting sold its former headquarters at 588 Winsted Road to C.H. Nickerson & Co. for $1.97 million. The property includes a 14,640-square-foot light industrial building on 3.4 acres. C.H. Nickerson plans to use the building for vehicle maintenance and storage, relocating these operations from its main campus […]
Market Reports
