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Kevin Maloney |
May 16, 2022 8:00 am
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Monette Ferguson and Kevin Maloney.
Talk about poverty, and you sometimes have to use the language of war. Many people are seen as casualties in the war against it. Fortunately, there are also alliances that can be forged in this fight.
The Alliance for Community Empowerment is one such organization that has worked on the frontlines of the War on Poverty since the 1960s. Executive Director Dr. Monette Ferguson joined the “Municipal Voice,” a co-production of the Connecticut Conference of Municipalities and WNHHFM, to talk about economic disparity.
495 Blake St., newly bought by Elm City Montessori.
Elm City Montessori purchased its Blake Street school building for over $5.2 million, as the local anti-racist, outdoor-learning-themed charter school puts down roots in the shadow of West Rock.
by
Thomas Breen |
Nov 12, 2021 9:16 am
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RegalCare nursing home at 181 Clifton St.
A Bronx-based nursing home company has purchased the 150-bed RegalCare facility in Fair Haven Heights for just under $8 million, in the city’s latest property transactions.
A development duo sold an eight-story downtown office building for $8 million, three months after winning city permission to convert it into 92 apartments.
Meanwhile, Mandy Management obtained control over another 22 properties, worth $2.3 million, and flippers kept flipping, among the city’s latest property transactions.
Chapel West’s Anthony Giano, developer Nick Falker, Mayor Justin Elicker, and city economic development deputy Steve Fontana at Wednesday’s ribbon-cutting.
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The Elm at 104 Howe St.
Looking to spend between $1,595 and $4,995 per month on a shiny new apartment in Dwight?
A lifelong East Shore resident and former alder has succeeded in his quest to save the Raynham Estate — after closing on the 26.25-acre former Townshend family home and its surrounding properties for $2.6 million.
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Thomas Breen |
Oct 7, 2021 4:44 pm
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A ConnCAT flag newly raised above Dixwell Plaza.
Dixwell Plaza’s redevelopers raised a flag above the fraying mid-century shopping complex to celebrate gaining site control of the neighborhood-anchoring block — and to point ahead towards the strip’s pending transformation into ConnCAT Place.
Tenant Maritza Ostolaza outside her first-floor apartment: “They were interested in money. They were not interested in us.”
Tenants of a three-family “lemon” of a house on Liberty Street are wondering how two landlords managed to walk away with $180,000 by double-selling a property that they say remains a dump.
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Thomas Breen |
Sep 17, 2021 9:29 am
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84 Bassett St., flipped at triple markup — still looking like this.
Flipper Kevin Kolteryahn of “Nationwide Community Revitalization.”
A California-based “lease-to-own” company flipped a vacant Bassett Street eyesore to a local megalandlord for a nearly $150,000 profit, in the latest example of middlemen cashing in on properties they barely touch.
That boarded-up Newhallville property is located at 84 Bassett. The new owners have started cleaning things up with renovation plans in the works.
by
Thomas Breen |
Sep 17, 2021 9:26 am
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Former convent at 349-351 McKinley.
A local landlord purchased Saints Aedan & Brendan Church’s former convent building on McKinley Avenue for $375,000, and affiliates of the local megalandlord Mandy Management pulled more than $12.2 million worth of mortgages from a California-based commercial lender.
Local landlord Adam Haston (center) at City Plan Commission meeting. Haston sued former business partner Levi Hecht for alleged theft.
A court battle over a local landlord’s alleged theft of roughly $200,000 from his erstwhile business partner offers a glimpse into how internationally backed, multi-million-dollar real estate deals take shape in the city’s investor-laden housing market.
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Thomas Breen |
Sep 2, 2021 3:45 pm
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327 Newhall St.: First flipped, then renovated?
A local landlord made a $50,000-plus profit in one day buying and flipping a two-family house in Newhallville — and now promises to fix up the rundown building in his capacity as its property manager.
346 Norton St., one of Mandy Management’s latest acquisitions.
An affiliate of the local mega-landlord Mandy Management spent more than $1.1 million adding another 11 apartments to its local rental housing portfolio — and a Hill redeveloper pulled a 10-year, $22.5 million mortgage for a newly built and leased up apartment building on Lafayette Street.
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Thomas Breen |
Aug 20, 2021 11:13 am
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The Quinnipiac River Marina, behind Streets Smokehouse Boathouse.
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New owner Mendy Paris (left): Nothing dramatic planned, just some touch-ups.
A busy local real estate investor has purchased the Quinnipiac River Marina — with promises to liven up the Fair Haven waterfront properties with lighting, landscaping, concerts, and more kayaking.
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Thomas Breen |
Aug 20, 2021 11:11 am
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One of the commercial properties included at the 1475 Whalley Ave. strip mall.
A Bridgeport-based orthodontist bought an Amity strip mall for $5.75 million, in one of the city’s latest property transactions — and a local mega-landlord borrowed more than $3 million with plans of paying down debt and buying more properties, in the city’s latest mortgages.
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Thomas Breen |
Aug 11, 2021 5:21 pm
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188 James St., now owned by Mandy Management.
Affiliates of the local megalandlord Mandy Management spent over $2.5 million buying 10 properties containing 27 different apartments, in the city’s latest land deals.
Tenant Iris Hagadone: Hoping rent won’t rise after flip.
Without raising a hammer and only two months after buying the property, an Orange-based investor flipped a two-family home on Wolcott Street to a fellow suburban LLC — at a nearly $80,000 markup.
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Thomas Breen |
Jul 8, 2021 4:15 pm
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558 Winchester: Who will get to buy this blighted property?
A contract, a lien, and dueling lawsuits have thrown a wrench into the city’s plans to buy a derelict property in Newhallville and convert it into an affordable owner-occupied home.
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Thomas Breen |
Jun 25, 2021 2:03 pm
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ConnCORP’s Clemons, McCraven: Rebuilding Dixwell Plaza (below).
Dixwell Plaza’s redevelopers are one key storefront closer to gaining site control of the decaying mid-century shopping strip — after paying $1.3 million to buy out a Black-business support agency that can now relocate to Chapel Street.
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Thomas Breen |
Jun 7, 2021 1:32 pm
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Alexandra Daum: Raising bar at the zoning board, cashing in on real estate market.
A top state economic development official and local zoning board member is also a city landlord on the move — actively buying, renovating, managing, and selling rental properties in New Haven’s red-hot housing market.
Pile of money, pile of dirt: Above, 201 Munson design. Below, 201 Munson reality.
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Markeshia Ricks photo
So long, and thanks for the $9M: Original co-developer Doug Gray (right), now gone from the deal, with Dixwell Alder Jeanette Morrison after winning 2018 zoning change.
The original duo behind an ambitious Newhallville development pocketed $15 million as they ditched the unbuilt project — leaving behind cracked asphalt, overgrown weeds, mounds of dirt, and a lingering question: Will these apartments ever get built?
