Property Jump

Commercial Real Estate Weekend Round up

New Britain, CT - Stanley Works Plans To Eliminate Another 550 Jobs - Hartford Courant Article New Haven, CT - New Long Wharf Chief Looks To Build - New Haven Independent Article Shakeout Nears for Real Estate Firms - New York Times Article 15 Real Estate Firms Going, Going…Costar Article  Retail Space Availability Reaches All-Time High - Costar Article Let’s make [...]

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Lets Hope This Doesn’t Happen

Soros Says Commercial Property Values Will Fall 30% Check out the Bloomberg article HERE

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U.S. Commercial Property Activity Falls to 12-Year Low

U.S. commercial real estate activity slowed to its weakest level in 12 years in the fourth quarter, signaling another six- to nine-month slump, the National Association of Realtors said on Thursday. Commercial real estate prices, meanwhile, fell 14.9 percent in 2008 to levels last seen in 2005, Moody’s Investors Service Commercial said in a separate report [...]

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120,000 SF building sells in Waterbury

 120,000 SF industrial building has been sold in Waterbury.  The former Timex Headquarters was sold for $350,000.  The sale consisted of two buildings , a 10,000 SF beautiful stone building and a 110,000 SF five story brick building.   The seller Carpe, LLC sold the building to New Horizons.   Noah Meyer of Levey Miller Maretz represented [...]

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