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"The town is very interested in acquiring the building," said New Canaan First Selectman Kevin Moynihan about the 28,000-square-foot property.
“I feel the market is better than the statistics show,” said Cory R. Gubner, president and CEO at RHYS. “I am very bullish."
During the past year, the sales market for office structures remained reasonably active with opportunistic buyers leading the way. Three sales deserve particular note because of their significance and what they mean for the entire marketplace.
The idiosyncrasies and challenges that define Fairfield County’s retail property market were in the spotlight at the recent Second Annual Real Estate Outlook.
Fairfield County’s office market saw 611,000 square feet in leasing activity during the first quarter of this year, according to a new report issued by CBRE Research.
Built in 1954, Tanglewood consists of two retail buildings: a 22,300-square-foot property anchored by AutoZone and an adjacent 4,700-square-foot property.
Sen. Chris Murphy has introduced legislation that would revive two expired tax incentives designed to spur the clean-up and redevelopment of contaminated industrial sites.
A three-parcel development site at East Main and Sidney Streets in Stratford was sold for $1.7 million to the Greenwich-based real estate investment trust Urstadt Biddle.
Brookfield, which currently owns approximately 34 percent of GGP stock, will pay $9.25 billion for the remaining GGP shares in this newly announced acquisition.
The Darien-based Greenworks Lending focuses on providing capital to commercial property owners seeking to make their buildings more energy efficient.
“We are unable to recover financially and keep the store to the standards we want, and the standards Brookfield deserves,” the owners said on Facebook.
A 2,250-square-foot restaurant with 38 parking spaces will be built on the 3.2-acre site at 577 Hawley Lane that was once a private residence.