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, the Connecticut Sports Group has proposed a $1.6 billion waterfront development in Bridgeport, including a professional soccer stadium. The project, which could generate up to $3.4 billion in economic output, features two scenarios: a 10,000-seat stadium generating $2.2 billion and a 22,000-seat stadium generating $3.4 billion. The development also […]
According to the Hartford Business Journal, a 124,000-square-foot collection of retail properties in the downtown “Storrs Center” near the University of Connecticut was sold for $40.25 million. SCT Storrs Center I LLC sold the commercial portions to 1266 Storrs Road LLC. The sold property includes a grocery-anchored plaza at 1206-1220 Storrs Road and additional commercial […]
According to the Hartford Business Journal, Governor Ned Lamont proposed a $50 million state fund to support the conversion of vacant commercial properties into new uses. The Greyfield Revitalization program, part of the proposed capital budget, aims to provide gap financing for projects transforming empty office buildings and retail strip malls across Connecticut. The budget […]
According to the NEREJ, an office building at 8 Lowell Rd. in West Hartford sold for $662,000. The property spans 3,552 square feet across three stories on 0.32 acres and was purchased by SSW Real Estate LLC. The new owner, operating as Stepping Stone Wealth, will relocate from their previous location at 57 N. Main […]
According to the Providence Business News, an industrial building located at 2650 Warwick Ave. in Warwick was sold for $425,000. The 2,400-square-foot property, previously home to Dennis Diffley Drain Services Inc., includes a one-port car garage and sits on 0.77 acres of land. Constructed in 1940, the building was sold by Carden Investments LLC to […]
According to the Hartford Business Journal, Soundview Plaza LLC purchased the 189,896-square-foot Soundview Plaza office building at 1266 East Main St. in Stamford for $6.5 million on January 15th. The seven-story property, built in 1981 and renovated in 2016, is situated with views of the Long Island Sound and includes tenants like Regus. The seller, […]
