Real Estate

$4.1M Sale Turns Q Club Into Biohaven

by | Jan 6, 2022 1:00 pm | Comments (11)

Thomas Breen photo

The former Quinnipiack Club at 221 Church St. (left), now owned by Biohaven, which has its headquarters right next door at 215 Church St. (right).

In a reflection of the changing makeup of New Haven’s business sector, a locally based, publicly traded biopharmaceutical company has purchased the historic Quinnipiack Club building on Church Street for $4.1 million.

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Mandy's 2021 Buying Spree Tops $58M; Reports Offer Glimpse Inside Landlord Operation

by | Jan 3, 2022 11:04 am | Comments (15)

Thomas Breen photos / city assessor database photos

Some Mandy properties acquired in 2021. Top row: 530 Winthrop Ave., 76 Third St., 6 Arch St. Middle row: 295 Lloyd St., 16 condos at 570 Whitney Ave., 84 Bassett St. Bottom row: A former Catholic school at 22 Richard St.; 188 James St., 181 Lombard St.

Second of two articles.

Affiliates of Mandy Management spent another $58 million in 2021 buying 179 properties containing 558 different apartments, cementing the outfit’s role as one of New Haven’s largest landlords for low-income renters.

Four recent financial-industry reports offer a detailed look at how the real estate empire operates and rose to that role.

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Hamden Real Estate Roundup: Open Space Preserved, Churches Merged

by | Dec 23, 2021 3:28 pm | Comments (1)

1959 Lutheran church located at 3860 Whitney now sold to "Church of Christ LLC."

Northern Hamden will see three acres of previously private woods preserved and opened to the public — as well as a currently confidential congregation emerge within a 60-year-old church — in 2022.

Those are two upcoming developments described by sellers, buyers, donors, and donees in Hamden’s latest series of property transactions. (Check out the chart lower down in this story to see sales filed in the past week.)

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How $100M+ Flowed To Megalandlords

by | Dec 22, 2021 4:30 pm | Comments (24)

CoreVest mortgages to New Haven landlords.

First of two parts.

(Updated) A giant California-based commercial lender pumped over $117 million into New Haven this year to help poverty-focused investor-landlords amass more property — raising concerns in the process about the monopolization of local low-income housing, driving up of sale prices for aspiring homeowners, and, potentially, a replay of the 2008 Great Recession.

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QU Buys Up The Neighborhood

by | Dec 14, 2021 12:43 pm | Comments (8)

Sal Laudano: Quinnipiac property acquisitions wreck community.

When college kids officially move into 93 Lucien Dr., a three-bedroom ranch that has stood nestled within Hamden’s woodsy first district since 1968, they’ll make neighborhood history — by turning the street of long-term Hamden families into a majority Quinnipiac student-housing row.

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