Tudor Relocates HQ to Revitalized Stamford CT Building

Tudor Investment Corporation leased 24,000 square feet of headquarters office space at 200 Elm St., a Class A office property located in downtown Stamford, CT. Tudor plans to occupy space in the B wing of the nearly 400,000-square-foot building owned by Building and Land Technology (BLT). Tudor is expected to move in April 2018. 200 Elm

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HEI Sells Embassy Suites Orlando for $26M

HEI Hotels & Resorts, headquartered in Connecticut, has sold the 167-room Embassy Suites Orlando-Downtown. Paradise America, a foreign buyer, paid $26 million for the property at 191 E. Pine St. Daniel Peek, Michael Weinberg and Preston Reid with HFF represented the seller in the transaction. The new owner reportedly plans a “significant property improvement plan”

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Forstone Capital Buys 103K-SF Stamford Office

Forstone Capital LLC acquired 750 East Main Street, a 103,367-square-foot office building at the northern edge of the Stamford, CT central business district. Forstone acquired the asset for $8.1 million from Aegean Capital LLC in an off-market transaction. Al Gutierrez, Enzennio Mallozzi and Cynthia Foster with Colliers International represented the seller and found the buyer.

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CRE Data Firm Xceligent Files Chapter 7

Xceligent’s parent company, London-based Daily Mail and General Trust plc, abruptly shuttered operations of the U.S. division and filed for chapter 7 bankruptcy liquidation. The roughly 250 employees of the Kansas City, MO-based commercial real estate data firm were notified Thursday of the decision, and were asked to immediately vacate. Xceligent’s board decided to dissolve

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Construction Milestone Reached on CT Ambulatory Care Center

Rendina Healthcare Real Estate continues to make progress on the development of Bristol Hospital’s new 62,000-square-foot Ambulatory Care Center (ACC) in Bristol, CT. Recently, hospital officials, government leaders and the developer gathered to commemorate a beam-signing construction milestone at the downtown site. The state-of-the-art healthcare facility is being built at Main Street and Riverside Avenue.

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Calare Unloads 200K-SF Industrial Warehouse

Calare Properties, based in Hudson, MA, sold 40 Pepe’s Farm Road in Millford, CT to an undisclosed institutional buyer for $13.3 million. With the sale, Calare officially ended its less-than-three-year hold on the industrial property. Calare acquired the Southern Connecticut property in 2014. At the time, the asset was 50% occupied. Calare made extensive property

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Thorofare Delivers $54M to Refi CT Multifamily Portfolio

Thorofare Capital provided $53.5 million in senior debt to refinance a two-property, 198-unit multifamily portfolio in Norwalk, CT. The financing is secured by two Class A apartment communities developed in 2016 by the sponsor, a joint venture between affiliates of Alex. Brown Realty, Inc. and Belpointe Companies. The properties include Berkeley at Waypointe (pictured), located

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Arch Street Sells 2.8M-SF, Seven-State Industrial Portfolio

Greenwich, CT-based Arch Street Capital Advisors, LLC divested 11 properties located across seven states totaling roughly 2.8 million square feet of primarily single-tenant, long-term, net-leased, industrial properties on behalf of an institutional client. The assets were acquired by an undisclosed buyer for $156.7 million. The portfolio is leased to a total of nine tenants that

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JMC Holdings Snags CT Office for $51M

JMC Holdings acquired Wexford Plaza, a 100,150-square-foot, Class A office property at 411 W. Putman in Greenwich, CT. The $51.5 million sales price to seller 411 Properties LLC was Greenwich’s largest in almost 10 years. The building is 92.2% occupied, and one of the main tenants is The Camuto Group, a fashion design company. JMC plans to

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GE Strategically Relocates Global HQ To Boston

General Electric Co. is moving its global headquarters to Boston, from Fairfield, CT and New York City, where the company says there’s a “more pro-business environment.” By 2018, the 124-year-old manufacturer of aircraft engines, locomotives, power turbines and household appliances plans to permanently settle about 800 workers in Boston’s Seaport district. GE says that the 55 colleges and

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