Real Estate

Real Estate

Making a ‘B’ Line for Downtown Space

Class B vacancy rates are down in downtown New Haven, but "/#there">there for the reasons one might imagine.

“The obvious explanation for the recent popularity of the more affordable Class B office space would be that tenants, suffering the effects of a prolonged economic slump, have tightened their belts and migrated into less expensive quarters,” reports John Keogh of Colliers International, in his first-quarter 2013 market report, which tracks 59 office properties. “It makes sense, but it isn’t true.”

The reality is Class A space has grown with the departure and/or contraction of companies like AT&T and the United Illuminating Co. as well as the conversion of many downtown Class B buildings to residential use, a "http://traclabs.com/psd/buy//#generic_">generic continuing with the recent purchase of 205 Church Street by a New York developer with plans for at least 100 apartments.

 
Real Estate

Pearce’s Top Producers

Pearce’s Top Producers

" /#here">NORTH "blog/buyvalium//#"> Ö– Carl Russell of the Pearce/George J. Smith Milford office of Pearce Real Estate has been named the agency’s top commercial agent for the first quarter of 2013. Mary Jane Burt " /files//#there">there Edgehill Realtors was the top residential agent. "These agents are truly to be commended for doing such an outstanding job in such a challenging market," Pearce Real Estate President Barbara Pearce said in a statement.

Real Estate

Good Deed-Doers

CHESHIRE –– Calcagni Real Estate brokers and staff recently collected more than 2,000 pounds of non-perishable food items during the agency’s annual spring food drive. The food went to the Cheshire Food Panty, Keefe Community Center, Southington Bread for Life and Master’s Manna.

Real Estate

Former Curagen HQ Sold

Former Curagen HQ Sold

"/orig/buy//#here">BRANFORD — A 50,000 square foot Class A office building at 322 East Main Street has been sold for $4.5 "http:// /blog//#buy_ativan">buy ativan. Steven Inglese of the New Haven Group represented the seller, TKJ Associates, and procured the buyer, 322 East Main Street, LLC. Previously occupied by a single tenant, "http://www.lanepl.org/lib//#cheap_">cheap Corp., the three-story building has multiple tenants, and was 38-percent leased before the sale. The "http://gp.org/site//#here">here subsequently signed leases with two tenants for the entire third floor, raising the occupancy level to nearly 70 percent.

Real Estate

Red Cross Sells Building

MIDDLETOWN — Opportunity Real Estate Equities, LLC has purchased a 4,444-square-foot building at 93-97 Broad Street for $172,000. Trevor Davis of Trevor "//#here">here Commercial Real Estate represented the seller, the American National Red Cross. RE/Max "cheap_valium">cheap valium represented the buyer.

Real Estate

OR&L Closes Two Deals

MIDDLETOWN — Precision Devices Inc. has purchased a 27,365-square-foot industrial building with office and showroom space at 299 Industrial Park Road for $1,110,000. Jay Morris of OR&L Commercial represented the seller, DocuSource. Morris, along with Richard Gold and Frank Hird of OR&L Commercial represented the buyer.

DocuSource has moved into the WinBrook Business Park at 716 Brook Street in Rocky Hill, leasing 6,328 square feet. Morris represented DocuSource and Morris and Bob Gaucher, also from OR&L Commercial, represented the landlord, Winstanley Enterprises.

Real Estate

R.E. Firm Buys R.E.

MIDDLETOWN — Abarientos Middletown Real Estate, LLC has purchased a 6,084-square-foot building at 80 East Main Street for $377,000. Trevor Davis was the " /#valium_generic">valium generic broker. " //#cheap_valium">cheap valium seller is Philip Redford.

Real Estate

Grand Ave. Apts. Bought

NEW HAVEN ­–– G&B Realty, LLC has purchased a 13-unit apartment complex with two two-bedroom units and 11 one-bedroom units at 83 East Grand Avenue for $595,000. Frank D'Ostilio of Real Living Wareck D'Ostilio was the listing agent. Taylor ""> was the seller. Noah Meyer of Levey Miller Maretz represented "buy_valium_onlineonline buyer.

Real Estate

Micali Ranges Far & Wide

Micali Ranges Far & Wide

"http://www.ninecakes.com/media/buyonline//#cheap_">NEW HAVEN — Frank Micali of Capitalize 360 Group LLC has been busy in Florida these days, most recently assisting "blog/buyvalium//">buy valium Holdings USA in the purchase of a Miami Beach office building for $15.125 million free and clear of existing debt. Netz "http://medicaljustice.org.uk/files//#_online"> online the contract, financed and closed the deal in 45 days.

In a recent New Haven deal, Micali represented the buyers, Mandy Management and Netz-215 Church, in the sale of a two-story, 11,306 square foot Class B office building at 215 Church Street for $1.9 million, or around $168 per square foot. Stephen Press of Press/Cuozzo represented the seller, 215 " click here Street, LLC.

Real Estate

Drivers-Ed Co. Buys Condo

WALLINGFORD –– Liberty Driver's Education Center, LLC has purchased a 902-square-foot office condominium at 329 Main Street for $80,000 from WF, LLC. there Calabrese and Tony Valenti of R. Calabrese "site//#_generic"> LLC.

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