WEST HARTFORD:, ArborCrowd an online platform based in NYC that enables individuals to make equity investments in “institutional-quality commercial real estate,” is offering a 200-unit apartment community the Cove West Hartford, for direct online investment on its platform.
The company says the property was acquired in an off-market transaction by affiliates of ArborCrowd, CS Acquisition Group, LLC and the sponsor of the investment. CS is a real estate owner and operator with a portfolio in the Hartford area, and AMAC–a real estate private equity firm that is part of the “Arbor family” of companies.
NEW HAVEN: High speed Internet access will be coming to select neighborhoods in New Haven, with the potential for expansion to other areas.
Gonetspeed based in Rochester, NY, has announced that it is provisioning fiber optic level Internet access to residents and businesses. The company is providing high speed services to a coverage area of approximately 100,000 potential customers in select communities in Connecticut and Pennsylvania.
By Thomas Madden, AICP,
Director of Economic Development, Stamford
Stamford is preparing to be the city of tomorrow through a repeating $2 million implementation grant for the next five years by CTNext, the state’s business development entity. The award is helping to develop the city’s “Innovation Playground” through investment into projects that support Stamford’s “Smart Cities” movement and in partnership with private companies such as Harman International Industries, Frontier Communications, Synchrony Financial, AT&T, Local Motors, Navya and public entities including UConn, CTDOT, the Stamford Partnership,Fairfield County Business Council,Downtown Special Services District, and BLT. These partners envision Stamford as an intensely collaborative, walkable, digitally enabled city, connected to NYC and to other major Connecticut cities through technology and support both small and large business in entrepreneurship and innovation pipeline.
STRATFORD: Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Drive for $1.045 million. The building, on 0.67 acre, encompasses 10,216 square foot and includes a loading dock.
Founded in 2005 in Milford, Kubtec Digital X-Ray, a registered trademark of KUB Technologies Inc., is a research based organization that develops digital x-ray solutions for medical, research and industrial applications.
NEW HAVEN: The SBIR Road Tour is coming to New Haven on Tuesday, August 21, to convey the "nondilutive technology funding opportunity" provided through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The program is being hosted by: Connecticut Innovations in partnership with CTNext at New Haven Lawn Club, 193 Whitney Avenue, New Haven.
Program managers from as many as 11 participating agencies representing $2.5 billion in early-stage funding will participate in a one-day event alongside technology entrepreneurs and state innovation ecosystem members.
MERIDEN, NEW HAVEN: The South Central Connecticut Regional Water Authority (RWA) announced a $500,000 investment in Meriden-based Trifecta Ecosystems.
The RWA said the investment will “bring innovative, sustainable farming and new economic growth to the Greater New Haven region.”
The RWA will, allow Trifecta them “to establish a regional aquaponics program in the Greater New Haven Region.” The indoor farming company uses Aquaponics systems that combine aquaculture – the raising of aquatic animals such as fish – with hydroponics – the growing of plants in water – in symbiotic, climate controlled environments.
NORTH HAVEN: HB Communications, founded in 1946 is an audiovisual communication solutions company, has opened the doors to its newly renovated headquarters.
The company says its new headquarters is “a state-of-the-art example of the next generation of communication technology. The big idea: building out HB's new space as if it were its own client, applying decades of knowledge about experience design, technology, standardization, and simplicity and blending it all into a comfortable environment to achieve better collaboration, communication, and brand experience for the company.”
SHELTON, Dark Field Technologies has relocated their headquarters from Orange to Shelton, according to Jon Angel, president of Angel Commercial, L.L.C. in 5,785 square feet of space at 5 Research Drive.
“5 Research Dr. is an 84,000 square foot office building near Route. 8 that is owned and managed by R.D. Scinto, Inc.,” said Angel who was the sole broker in this transaction. “Tenants in this building have access to the plethora of amenities available at the nearby Enterprise Corporate Park, which include a private fitness club, cafés, a 200-person auditorium, daycare center, airport limo/shuttle service, salon & spa, and tennis and basketball courts.”
NEW HAVEN, LOS ANGELES: New Haven based Pickard Chilton working with Arup, Corgan, and The Beck Group was selected as one of six leading architecture and engineering firms to showcase the first designs at Uber’s 2nd Elevate Summit, for uberAIR Skyports. These conceptual designs mark the first steps from industrial leaders to create infrastructure for high-volume operations of uberAIR networks in and around cities.
According to a release from Pickard Chilton, dozens of submissions, were whittled down to six concepts were selected which demonstrate a high degree of realism and technical feasibility. Finalists include: Gannett Fleming, BOKA Powell, Humphreys & Partners Architects, Pickard Chilton working with Arup, Corgan, and The Beck Group.
ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support for Connecticut’s innovative, growing companies”, invested $9.4 million through 43 investment transactions during the three months ending December 31, 2017.
The transactions leveraged an additional $29.4 million of investments in Connecticut early-stage companies. Of the $9.4 million, CI invested $3.6 million in bioscience technologies, $3.4 million in information technology companies, and $2.4 million in other Connecticut-based companies.
FAIRFIELD: TVEyes, Inc. has lost in the United States Court of Appeals for the Second Circuit to Fox News Network, LLC, a decision preventing the company from allowing its users to watch video clips excerpted from programming on Fox News. The company had claimed that the clips were not protected by the copyright and available under the fair use doctrine.
TVEyes records television broadcasts and creates a-searchable transcript database. Users pay for TVEyes’s and can view video clips up to ten minutes in length which contain their search terms. TVEyes’s also allows users to download the videos, and even email the clips.
The District Court for the Southern District of New York held that the search and view service was fair use but enabling clients to download and email videos was a violation.