Property Jump

Fashionista Leases New Space Downtown New Haven

Fashionista, a vintage clothing store, has moved to new space in New Haven.    The store has relocated into new space at 93 Whitney Ave.    Noah Meyer of Levey Miller Maretz represented the landlord and Ed Schwartz, also of Levey Miller Maretz, represented Fashionista.  The new store plans to open In February.

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Top Ten Retailers of 2008

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Industrial, Multifamily, Office, Retail?

What segment of our commercial real estate market is holding up best in this economy?  I hear many different opinions out there. Here is the PropertyJump analysis in order of best to worse: 1. Multifamily - With vacancy rates below 5% in New Haven (see post HERE) and little inventory the apartment building market is still [...]

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Starbucks Looking For Rent Reductions

According to Bloomberg, Starbucks has notified some of their landlords that they are seeking a 20%-25% rent reduction.   The article states: “We’re taking advantage of the opportunity in as many cases as we can, We feel like it’s a positive program for us. Most of the landlords we’ve worked with have felt it is a [...]

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Big Changes in Orange Retail

As our economy continues to “adjust” more businesses are coming and going in the area.   The Orange Rt 1 area has been especially hard hit lately.   Everytime you drive down Rt 1 there is a new store with a going out of business sign.  Here are the latest changes in the area: Pasta Fair site -  [...]

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Woodbridge Lease Signed

Integrate Aesthetics, a skin care studio, has leased 500 square feet at 245 Amity Road in Woodbridge, CT.  Inspired by the 32,000 square feet of “green” retail and office space, Integrated Aesthetics will expand their services to include wild crafted and certified organic products and treatments.   Integrated Aesthetics is slated to open in June.   245 Amity [...]

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Levey Miller Maretz Lists Dworkin Chevrolet Property

Steve Miller and Josh Gold of Levey Miller Maretz Commercial Realtors have listed the former Dworkin Chevrolet/ Mazda property in Derby ,Ct. The property is located at exit 17 on Route 8 and just blocks from Griffen Hospital. The site ,which features 4 buildings and over 3 acres of land, is available for lease . The [...]

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Connecticut Cap Rates

I typically don’t cover real estate transactions outside of New Haven County but this deal caught my eye.  Here is the article:   Stamford Retail Building Sells for $1.3M   The retail building at 301 Hope St. in Stamford, CT, traded for $1.3 million, or $406 per square foot, in a deal between two private investors. The single-story, 3,200-square-foot building [...]

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Are Rent Concessions Really Happening?

  Interesting article about rent relief from Developers Diversified Realty, owners of 700+ shopping centers.  With everyone talking about reduced rents and rent concessions it is interesting to see the facts from a major landlord.    On the local level I think the percentage of rent concessions/reductions is greater than this article states.   Most landlords and property managers that [...]

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Retail Slowdown Hits North Haven Commons

The North Haven Commons is the last major development on the Universal Drive retail stretch.  The half finished project has been stalled for the past few months with little or no construction.  The development, owned by Eclipse Development Group of Irvine, CA  already has major tenants including Best Buy, Petco, Red Lobster, and Olive Garden.   They also [...]

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