by | Feb 14, 2025 2:31 pm | Comments (28)
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The Whit sold for .... The What??
Two Wooster Square lots that languished for years amid landlord lawsuits — and then burst forth into 230 high-end apartments amid a neighborhood building frenzy — have now sold to a pair of real estate investment firms for $71 million.
Continue reading ‘They Came. They Built. They Sold For $71M’
by | Jan 2, 2025 9:10 am | Comments (2)
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Imperial Gardens: Under new ownership.
A mystery buyer affiliated with a local property manager who used to work for Ocean Management has purchased a 72-unit Westville apartment complex for $10.25 million.
Continue reading ‘Westville Apartment Complex Sold for $10.25M’
by | Dec 23, 2024 3:19 pm | Comments (13)
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Ocean tenants union members protesting at 1455 State in July.
(Updated with sales data through 12/31) Two of the city’s largest landlords unloaded a combined 191 New Haven apartment buildings containing 594 rental units for more than $79 million this year — as a wide array of different buyers, new homeowners and out-of-town investors alike, moved in to fill the void.
by | Nov 25, 2024 10:13 am | Comments (23)
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That's some mighty fine "beton brut.”
A pair of six-story concrete “gigantic megaliths” on Fountain Street have traded hands for $28 million — leaving 150-plus Westville apartments under new ownership for the first time in two decades.
by | Nov 11, 2024 9:06 am | Comments (5)
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Opuszynski (left): “I bought it from [Xu] after he didn’t want to deal with the headache.”
A Madison-based investor now owns two of three foreclosed former co-op properties on Henry Street — after buying the row home for $480,000 from Bethany-based landlord Jianchao Xu.
by | Nov 6, 2024 10:05 am | Comments (2)
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1294 Chapel: Auctioned, but not yet sold.
A certified public accountant hoping to move his business back to New Haven ended up on top at a Chapel Street foreclosure auction — for an office building that the current owner hopes to hold onto by regaining its nonprofit status and clearing three years of tax debt.
by | Oct 21, 2024 4:58 pm | Comments (32)
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555 Long Wharf, less than half filled, now under new ownership.
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Buyer Landino: Office space can still work on Long Wharf despite national trends.
Fusco has sold a financially distressed 15-story office tower and adjacent parking garage on Long Wharf for less than a quarter of their city-appraised values — but still plans on building new waterfront apartments on a separate parcel next door.
by | Aug 15, 2024 12:56 pm | Comments (13)
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Builder Fowler: Manufacturing, not residential, this time.
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Some of the empty River Street land and warehouses now owned by Spinnaker.
The site of a riverfront movie studio that never came to be is now slated to sprout a new housing-related manufacturer on a stretch of Fair Haven’s industrial waterfront.
Continue reading ‘In Jaigantic's Wake, Factory Plan Emerges’
by | Aug 1, 2024 3:57 pm | Comments (20)
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The former SNET HQ on Orange: Lots and lots and lots of empty space inside.
More than 150,000 square feet of downtown office space is up for lease — at a mid-century phone company headquarters half-filled with electronic equipment, and ready for conversion to life science laboratories.
by | Jul 26, 2024 9:11 am | Comments (11)
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The 3 Judges, now under new ownership.
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Ishan Dave: New owner of 2 New Haven motels.
Ishan Dave moved from India to the United States in pursuit of his version of the “American dream”: to buy and run hotels he could be proud of.
He’s now the co-owner of two motels in a crime-hotspot stretch of the New Haven-Woodbridge border — where he’s working to fix the properties up into safer, cleaner places to stay where, yes, all of the rooms are finally open.
by | Jun 20, 2024 12:06 pm | Comments (47)
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516 Orange St., sold for $11.5M
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Eitan Hochster: Sale changes only "where the profits go."
A 37-unit East Rock apartment complex changed hands for $11.5 million — because a Long Island City lighting company’s land value kept rising while its manufacturing business kept slowing down.
How are those two real estate phenomena two states apart connected?
Through a federal tax deferral provision called Section 1031.
by | Jun 11, 2024 12:27 pm | Comments (16)
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284 Orange, now under new ownership.
An Edgewood-based landlord has purchased a church-affiliated apartment building downtown for $2.7 million — leaving the property’s tenants to wonder whether the new owner will be any better than the last at promptly repairing leak-damaged rental units.
by | May 31, 2024 3:19 pm | Comments (0)
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Newhallville's Jeanette Sykes: "You are taking a step in the right direction."
Questions from Newhallville neighbors flew fast and furious at a community meeting with a representative from Mandy Management on Thursday evening: Why is an old eviction still coming up when I’m applying for an apartment? How do I overcome a bad credit score? And what is the turnaround time for addressing repairs and upkeep?
by | May 13, 2024 11:22 am | Comments (16)
221, 215, and 209 Church (with green ex-bank awning), now all now owned by Biohaven.
Biohaven Pharmaceuticals, a publicly traded company, bought its third building on the same block of Church Street, transforming the commercial mission of a downtown block once known for banking.
by | Apr 9, 2024 12:17 pm | Comments (23)
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Yale has purchased a vacant former rubber factory in the Hill that was once home to vibrant, illegal live-work artist studios for more than $2.5 million.
by | Apr 1, 2024 9:17 am | Comments (29)
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20, 34 Fair St. (right): Recently sold, to be built up into 185 new apartments.
One of the city’s busiest builders has teamed up with a Wooster Square luxury apartment developer to bring 185 new rentals to Fair Street — now that the duo have acquired two service garages and a surface parking lot for $3.45 million.
by | Mar 29, 2024 11:50 am | Comments (2)
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794 Dixwell, now owned by Clifford Beers.
A mental healthcare provider has closed on its purchase of a former charter school property in Newhallville, making official a two-year-long effort by neighbors to stop that site from becoming a methadone clinic.
Continue reading ‘Clifford Beers Closes On $2.7M Purchase Of Ex-School On Dixwell From APT’
by | Mar 12, 2024 3:22 pm | Comments (6)
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501 Fountain St.: Sold by Ocean to Continuum of Care.
One of the city’s largest landlords sold another 22 of its New Haven rental properties during the first two-plus months of 2024, continuing to dump large swathes of its local real estate portfolio.
by | Mar 11, 2024 5:54 pm | Comments (26)
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1032 Chapel, now owned by Technolutions' Alexander Clark.
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Megadonor Clark: "A young Beethoven on Red Bull."
A local tech CEO and ascendant “patron of downtown New Haven” plans to undertake a multimillion-dollar renovation of the Union League Cafe’s historic home — after buying the Chapel Street property from Yale for more than $4.3 million.
Continue reading ‘Tech Philanthropist Buys Union League Building’
by | Mar 6, 2024 3:06 pm | Comments (11)
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Ziggy's Pizza: Lease extended, staying put, as part of plan.
The housing authority has officially purchased two Fair Haven Heights properties by the Quinnipiac River as part of its latest effort to redevelop long-underused city plots into new places to live.
by | Dec 4, 2023 4:18 pm | Comments (65)
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300 George St., now owned by Yale.
Yale University dropped more than $139.6 million to purchase one of downtown’s largest pieces of med-tech real estate, in a part of the city bursting with new lab and office towers.
It doesn’t plan “immediately” to stop paying taxes on the building.
Continue reading ‘Yale Buys Lab-Office Building For $139.6M’
by | Nov 29, 2023 11:04 am | Comments (53)
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51 and 57 Broadway, now owned by Yale.
Yale spent $7 million purchasing two more commercial properties on Broadway, further solidifying its ownership of the university-adjacent stretch of storefronts.
by | Nov 28, 2023 12:21 pm | Comments (12)
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490 Prospect St.: Now owned by Mandy, leased by Albertus.
Tapping “the current advantageous real estate market,” Albertus Magnus College has sold 20 units of student housing and related office and meeting space for $7.4 million to an affiliate of Mandy Management — and has entered into a long-term lease with the local megalandlord to preserve the property for school use.
Continue reading ‘Mandy Buys Albertus Student Housing For $7.4M’
by and | Nov 27, 2023 4:32 pm | Comments (16)
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270 Foxon Blvd., newly acquired by the city ...
... ex-Church Street South land, newly bought by the housing authority.
The city has officially purchased a Foxon Boulevard hotel for $6.9 million, and is now busy converting it into a non-congregate homeless shelter that the Elicker administration said it hopes to open before Christmas.
And the housing authority has closed on its $21 million acquisition of more than eight acres of Union Station-facing vacant land that used to house the Church Street South apartment complex, and is about to embark on a year-long planning process to determine how best to transform that empty expanse.
by | Sep 20, 2023 9:13 am | Comments (2)
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92 Lexington Ave., recently sold for $2.25M.
A Waterbury-based holding company has purchased a 50-bed nursing home and residential care facility on Lexington Avenue for $2.25 million — and a Stamford-based contractor has bought a Westville ex-convent and 10-unit apartment-complex-to-be for $865,000 — in some of the city’s latest property deals.
Continue reading ‘Property Sales Roundup: Nursing Home Sold For $2.25M’