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.
Per the Hartford Business Journal, Center for Advanced Reproductive Services, affiliated with the University of Connecticut School of Medicine, has opened a new office in Middlebury. The facility, located at 751 Straits Turnpike, Suite 1S, aims to provide convenient access to fertility care for the local community and surrounding areas. Click here for the full […]
According to the Hartford Business Journal, Walgreens has announced the closure of its distribution center located at 500 Forbes Road in Killingly, which will result in 322 job cuts. The closure is scheduled for on or about May 17, 2024. The 460,362-square-foot facility was sold last April for $48.07 million to Rim Properties 1. To […]
According to the Hartford Business Journal, a nonprofit biotechnology company, previously based in Boston, is inaugurating its new headquarters and laboratory facility in Woodbridge. The facility spans 30,000 square-feet at 4 Research Drive and will be showcased with tours and a ribbon-cutting ceremony. The organization focuses on developing treatments for rare and ultra-rare diseases. Click […]
Per the Hartford Business Journal, Hartford’s office market is facing challenges with landlords successfully appealing property tax assessments, leading to millions in lost city revenues. The city’s revaluation process has been questioned after two major downtown office towers had their values significantly reduced, resulting in tax refunds and future savings for the owners. This trend […]
According to the Hartford Business Journal, the Community Investment Fund 2030 board has tentatively approved $3 million for the redevelopment of the former Aetna Diner at 267 Farmington Ave., in Hartford, into a community center. The 1,767-square-foot property is part of a broader initiative that includes $74.28 million in funding for various building projects across […]
Per the Hartford Business Journal, East Hartford’s Town Council has approved the conditions for a $6.5 million state grant to facilitate the redevelopment of Founders Plaza. The grant will be used to demolish a 182,890-square-foot former office building at 20 Hartland St., making way for a mixed-use development. This project aims to include up to […]
Market Reports
