Hanna snyder Gambini

A Connecticut-based commercial real estate management firm has become an ownership partner with the Knights of Columbus in a major New Haven office building that is a key component of the city’s Long Wharf Maritime Center.  Water Street took over operational control of the 252,000-square-foot building at 545 Long Wharf Drive on Nov. 1, and will relocate its headquarters from Guilford to a 4,500-square-foot suite in the building by Dec. 1. Water Street currently owns and manages 18 commercial real estate assets and has offices in New Haven and San Antonio, Texas.

A multifamily property in Shelton has been sold for $24.3 million to a New York real estate investment firm that has been active in Connecticut. The 99-unit Huntington Townhomes complex at 100 Avalon Drive was sold earlier this month by Illinois-based SW Connecticut Multifamily Exchange LLC, an affiliate of Inland Private Capital Corp., to Huntington Townhomes Owner LLC and principal Gideon Z. Friedman of New York, according to city and state records.

City officials and local business leaders were on hand Tuesday for the opening of a new woman-owned independent small business in Fair Haven, where major neighborhood improvements are planned. Evelyn Jimenez is the owner of J&M Home Appliance, at 302 Grand Ave., in the Fair Haven neighborhood of New Haven. J&M will sell and service home appliances.   New Haven Mayor Justin Elicker touted this shop as one of only a few independently owned appliance stores in the Elm City.

The Hyatt House hotel in Shelton has been sold for more than $19 million. The 127-room hotel, built in 2010, is located at 830 Bridgeport Ave. It was sold Oct. 8 by Acrophyte Hospitality Trust to SJR Shelton LLC and principal Rich Gandhi for $19.2 million, according to town land records. The property was updated in 2017, and features a business center, meeting and event space, pool, fitness center and restaurant. The hotel was purchased by Hyatt Equities in 2011 for $19.9 million, according to town records.  

A New Haven industrial building has become the home of a growing empanada business. New York-based 145 Hamilton LLC, the landlord of 145 Hamilton St., has leased the 20,280-square-foot building to Pikalo Foods LLC, of Yonkers, N.Y. Financial terms of the multi-year lease were not disclosed. The property is also known as 150 Wallace St. Pikalo is a family-operated business that started in New York in 2021 with one restaurant and is now providing products to delis, markets and restaurants in the Northeast. 

Massachusetts-based Consigli Building Group, Inc., with offices in Hartford, has completed its acquisition of Lendlease's construction operations in the Northeast, the company announced this week. Lendlease is a global real estate group headquartered in Sydney, Australia.  Lendlease’s New York and New Jersey operations include more than 400 employees and jobs that are associated with approximately 45 current, under contract and pre-construction projects. The portfolio of work is valued at more than $1.8 billion, officials from both companies said.

A Southington development company is seeking a special permit from the town Planning and Zoning Commission to build an age-restricted housing complex off Marion Avenue. Mark Lovley, of Plantsville-based Lovley Development, is looking to build 27 free-standing homes on a new private road, Braemar Court. 

A new dormitory has opened for the fall semester on the main UConn Storrs campus. The 257,000-square-foot, $205 million project was funded primarily through the NextGen CT program and supplemented by University revenue bonds.  https://www.hartfordbusiness.com/article/as-uconns-10-year-15b-nextgenct-initiative-wraps-up-school-eyes-additional-investment-in

Real estate services firm Cushman & Wakefield recently arranged 11 new leases totaling more than 80,000 square feet across Westport, Southport, Stamford and Norwalk. New tenants that signed new long-term leases include:  Northwestern Mutual Westport, 11,575-square-foot lease at 274 Riverside Ave., Westport.The tenant was represented by Cushman’s Adam Klimek, while the landlord, Lexham Riverside LLC, was represented by CBRE’s Tom Pajolek.

A four-building Guilford plaza anchored by a grocery store has been sold for more than $26 million. The Guilford Commons portfolio, which contains retail buildings along the busy Boston Post Road commercial stretch, was sold by DDR Guilford LLC, an affiliate of Ohio-based SITE Centers, to HRP LLC and Haverford Retail Partners of Pennsylvania for $26.5 million in a deal recorded in late August.