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Commercial Real Estate

Business
Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says
Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says A new report shows that the Fairfield County commercial market ended the year in a good place. Bolstered by the Greenwich office and retail markets, the Fairfield County commercial market completed 2023 on "a generally positive note," according to the Houlihan Lawrence Fairfield Commercial Market report released on Tuesday, Feb. 6. According to the report, Greenwich retail rental rates ended 2023 at the best levels ever seen in late Spring. Greenwich office occupancy and lease rates remained remarkably stable over the second half of 2023.  However, the greater…

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by Kathy Reakes
News
COVID-19: Working From Home Comes With A High Cost, New Research Says COVID-19: Working From Home Comes With A High Cost, New Research Says
Covid-19: Working From Home Comes With A High Cost, New Research Says Working from home may not be the cost-saving measure that it first appears to be. According to a new working paper from Harvard University researchers, where a remote-worker resides dictates whether or not working from home saves a household any money. At the start of the COVID-19 pandemic, a closed economy meant many people were able to work from home. The move has been hailed as a success by many corporations and employees, but Harvard wasn’t so sure. To determine whether people and businesses are better off with employees working from home, Harvard compared how much households with remo…

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by Kristin Palpini
Obituaries
Dog Whisperer, Mother, Friend Jane Treichler Howard-Johnson Of Stamford Dies Dog Whisperer, Mother, Friend Jane Treichler Howard-Johnson Of Stamford Dies
Dog Whisperer, Mother, Friend Jane Treichler Howard-Johnson Of Stamford Dies A longtime Stamford resident who is being remembered as a dog whisper, devoted mother and friend, Jane Treichler Howard-Johnson died Thursday, July 25 in Stamford, at age 60. She was born on July 22, 1959, in Cedar Grove, New Jersey, to Glen DeForest Treichler and Elizabeth Burke Treichler.  She was a 34-year resident of Stamford. Howard-Johnson met her husband  Peter at Bucknell University, where she was a member of the Delta Delta Delta sorority. Following graduation, they married and were married for 35 years. Some of her closest friends will remember Howard-Johnson as s…

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by Donna Christopher
Business
Stamford Has One Of Nation's Most Diverse Job Markets, Survey Says Stamford Has One Of Nation's Most Diverse Job Markets, Survey Says
Stamford Has One Of Nation's Most Diverse Job Markets, Survey Says A new survey from LinkUp has named Stamford as one of the most "diverse mid-sized job markets in the country." The Job Market Diversification Report (JMDR) is designed to determine the resiliency of the job market compared with LinkUp’s existing job listing demographics and unique methodology. The survey drew a number of conclusions regarding the region’s job diversification statistics: Two-thirds of the job market experienced a drop in diversification scores The increasingly diversified markets have a higher demand for commercial real estate Bridgeport is steadily becoming less dependent…

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by Valerie Musson
Real Estate
Sold! Office Complex Goes For $55M In Rye Brook Sold! Office Complex Goes For $55M In Rye Brook
Sold! Office Complex Goes For $55M In Rye Brook A six-building office complex formerly known as Reckson Executive Park has been sold for $55 million, according to CBRE commercial real estate firm that brokered the deal. The property at 2 and 3 International Drive in Rye Brook, near King Street and New York's border with Connecticut was purchased by George Comfort & Sons.  Manhattan-based George Comfort & Sons acquired the 563,596-square-foot office complex in a joint venture with a fund managed by DRA Advisors. The complex was owned by SL Green, which announced in April the impending sale of the property. "The tightening o…

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by Jon Craig
Real Estate
Sold! Two Platinum Mile Buildings Go For $14.75M Sold! Two Platinum Mile Buildings Go For $14.75M
Sold! Two Platinum Mile Buildings Go For $14.75M A commercial landlord has expanded his influence along Westchester's "Platinum Mile" with a $14.75 million purchase. Robert Weisz, founder and CEO of RPW Group of Rye Brook, said his company bought two Class A office buildings at 925-1025 Westchester Ave. on the border of West Harrison and White Plains. The purchase of the 192,711-square-foot property was announced by CBRE, a commercial real estate company that brokered the deal along with Ten-X.  The complex, formerly owned by Normandy Real Estate Partners, sits on 11.7 acres near the I-287/Hutchinson River Parkway interchange. …

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by Daily Voice
Real Estate
Business Property Sells For $13.3 Million In Stamford Business Property Sells For $13.3 Million In Stamford
Business Property Sells For $13.3 Million In Stamford Simone Development Companies, a major real estate investment company, announced its recent purchase of 316 Courtland Ave. in Stamford for $13.3 million. The 118,500-square-foot business property in Stamford features warehouse, research and office space. Of the total 78,000 square feet immediately available for lease, 65,638 square feet is warehouse/research & development space and 12,768 square feet is office space.  The property is believed to be the largest block of contiguous warehouse space available in Stamford. Cushman and Wakefield and Laurence London & CO., LLC, commercial…

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by Jon Craig
Business
Former Mrs. Green’s Building Gets New Tenant In New Canaan Former Mrs. Green’s Building Gets New Tenant In New Canaan
Former Mrs. Green’s Building Gets New Tenant In New Canaan The owners of the former Mrs. Green’s building at the corner of Park and Pine streets in New Canaan say a new tenant plans to open a business in the structure, after a proposal to divide its large interior into three commercial spaces. A letter of intent has been signed for a tenant that’s new to New Canaan, according to NewCanaan.com in this report and Anthony Giordano, an owner of 2 Pine St., longtime home of the New Canaan Post Office prior to Mrs. Green’s. “I think it’s going to be very well received and we are very excited,” Giordano told NewCanaan.com. He declined to name the specifi…

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by Jon Craig