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, companies are continuing to migrate from the suburbs to downtown Hartford, despite high office vacancy rates. The Connecticut Association of Realtors recently moved to a 9,700 square foot space at 90 State House Square. Lease rates in downtown Hartford are significantly lower, averaging $21 to $25 per square […]
According to the Hartford Business Journal, New Haven-based Svigals + Partners has been acquired by Philadelphia-based FCA, expanding their design services across multiple sectors including healthcare, education, and corporate workplaces. The firm will now operate under the name “Svigals + Partners, an FCA company,” with no staffing changes resulting from the deal. Svigals + Partners, […]
$6M State Funding Allocated for Clearing New Britain DPW Yard for Transit-Oriented Mixed-Use Project
According to the Hartford Business Journal, New Britain has secured a $6 million state grant to demolish buildings at its former Department of Public Works on Harvard Street and prepare the 3.1-acre site for redevelopment. The site, located near a CTfastrak bus stop, is planned to become a mix of multifamily housing and other uses. The city has tentatively chosen The Day […]
According to the Hartford Business Journal, Fusco Harbour Associates LLC sold the 418,595-square-foot office property at 555 and 585 Long Wharf Drive in New Haven to 555 Long Wharf LLC for $11.1 million. The new owner plans to maintain the building as Class A office space and invest in improvements such as elevator modernization and enhanced […]
According to the Hartford Business Journal, LNG Investments LLC, operating as Ercolano Cleaning and Restoration, purchased a commercial property at 3 Powdered Metals Road in North Haven for $3 million from Chedvah Enterprises Inc. and 800 OP Residence LLC. The new location, an industrial warehouse built in 1989, spans 28,160 square feet and sits on […]
According to the Hartford Business Journal, J.F.D. Tube and Coil Products Inc. has purchased an industrial building at 5 Hamden Park Drive for $800,000 from Jomar LLC. The 11,350-square-foot building, located on 1.15 acres in the Hamden Business Park, will undergo significant modifications before J.F.D. moves its operations there. The building, constructed in 1986, was […]
Market Reports
