Connecticut

Realterm, Starwood Provide $672M in Financing for 78-Property Industrial Outdoor Storage Portfolio

by Abby Cox August 21, 2026

GREENWICH, CONN. AND ANNAPOLIS, MD. — Realterm and Starwood Property Trust (NYSE: STWD) have provided a $672 million loan for an industrial outdoor storage (IOS) portfolio spanning 33 markets. The 78-property portfolio, which is owned by affiliates of Atlanta-based Stonemont and New York City-based Cerberus Capital Management, stretches 830 acres. Stonemont and Cerberus will continue to own and operate the properties. The proceeds will refinance an existing $486 million mortgage, return a portion of the money to primary investors and fund closing costs. Eastdil Secured Savills arranged the transaction. Additional details of the deal, including the portfolio’s tenant information, were not disclosed. Top markets in the portfolio include: The IOS sites support fleet parking, equipment storage and other logistics activities. According to the press release, the loan is recognized as the largest financing deal of its kind in the IOS sector. “This financing marks a significant milestone for our credit platform and underscores our ability to execute sophisticated solutions that drive industry-making deals,” says Paul Sisson, head of credit at Realterm. “Borrowers are continuing to seek lenders with a deep understanding of the industrial real estate and logistics sectors.” Realterm acquires, develops, finances and manages differentiated real estate and infrastructure assets …

August 21, 2026

Acquisitions Connecticut Healthcare Industrial Multifamily New Jersey New York Northeast Retail

Cushman & Wakefield Arranges $450M Sale of Tri-State Commercial Portfolio

by Taylor Williams August 20, 2026

NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernanez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …

August 20, 2026

Acquisitions Connecticut Industrial Northeast

Vidal/Wettenstein Negotiates $6.4M Sale of Industrial Building in Trumbull, Connecticut

by Taylor Williams August 7, 2026

TRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $6.4 million sale of a 57,000-square-foot industrial building in the southern coastal Connecticut city of Trumbull. The building at 205 Spring Hill Road and formerly housed the operations of the Trumbull Printing Co. Bruce Wettenstein of Vidal/Wettenstein represented the seller, Brooklyn-based BACO Enterprises, in the transaction. Wes Craft and Tyler Lyman of True Commercial represented the undisclosed seller.

August 7, 2026

Acquisitions Connecticut Multifamily Northeast Student Housing

Marcus & Millichap Brokers Sale of 30-Unit Student Housing Property in Hamden, Connecticut

by Taylor Williams July 28, 2026

HAMDEN, CONN. — Marcus & Millichap has brokered the sale of Pine Rock Townhomes, a 30-unit student housing property that is located adjacent to Southern Connecticut State University in Hamden. Built in 2012 and renovated in 2022, the property offers four-bedroom, townhome-style units with an average size of 1,850 square feet. Eric Pentore, Wes Klockner and Ross Friedel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

July 28, 2026

Acquisitions Connecticut Multifamily Northeast

Avison Young Brokers $17.9M Sale of Apartment Building in Norwalk, Connecticut

by Taylor Williams July 14, 2026

NORWALK, CONN. — Avison Young has brokered the $17.9 million sale of The Stonefield, a 55-unit apartment building located in the southern coastal Connecticut city of Norwalk. According to LoopNet Inc., the four-story building was constructed on a 3-acre site at 587 Connecticut Ave. in 2016 and offers one- and two-bedroom units. Will Suarez of Avison Young represented the seller, developer EDG Properties, in the transaction and procured the buyer, a group of local investors completing a 1031 exchange.

July 14, 2026

Connecticut Leasing Activity Northeast Restaurant Retail

Golf Lounge 18 Opens 7,700 SF Entertainment Venue in Stamford, Connecticut

by Taylor Williams July 13, 2026

STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf Lounge 18 now operates 11 venues nationwide. RXR owns Atlantic Station.

July 13, 2026

Acquisitions Connecticut Multifamily Northeast

Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356M

by Taylor Williams June 15, 2026

GREENWICH, CONN. — A partnership between led by RMR Residential and which includes Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich. The sales price was $356 million. ARIUM at Greenwich Oaks is a 30-acre, garden-style property that features 134 two-and three-bedroom units and amenities such as a pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place offers 272 one-, two- and three-bedroom units with private outdoor patios and balconies. The new ownership plans to make capital improvements to both properties.

June 15, 2026

Connecticut Development Multifamily Northeast

Winchester Partners Completes 283-Unit Mixed-Income Apartment Project in New Haven, Connecticut

by Taylor Williams June 12, 2026

NEW HAVEN, CONN. — Winchester Partners, which is a joint venture between an affiliate of L+M Development and Twining Properties, has completed The Winston, a 283-unit mixed-income apartment building in New Haven. The Winston is part of the initial phase of Science Park, a $92.5 million redevelopment of the former Winchester Repeating Arms Co. factory complex, which closed in 1981. Units range from studios to three-bedrooms, and roughly 20 percent (57 residences) are designated as affordable housing for renters earning 50 percent or less of the area median income. The five-story building also houses 12,800 square feet of retail space and amenities such as a pool, fitness center with a yoga studio, coworking space and a resident library. Beinfield Architecture designed the building, construction of which was financed by The Urban Investment Group at Goldman Sachs Alternatives and KeyBank.

June 12, 2026

Acquisitions Connecticut Multifamily Northeast

IPA Negotiates Sale of 114-Unit Highrailer Apartments in New Britain, Connecticut

by Taylor Williams June 10, 2026

NEW BRITAIN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Highrailer, a 114-unit apartment complex in New Britain, located southwest of Hartford. Completed earlier this year, The Highrailer offers one- and two-bedroom units and amenities such as a second-story terrace, fitness center and a pet spa. Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel of Marcus & Millichap represented the seller, Jasko Development, in the transaction and procured the undisclosed buyer. The sales price was also not disclosed.

June 10, 2026

Connecticut Loans Multifamily Northeast

Newmark Provides $115.6M Agency Loan for Refinancing of Southern Connecticut Multifamily Properties

by Taylor Williams June 3, 2026

EAST LYME, CONN. — Newmark has provided a $115.6 million Freddie Mac loan for the refinancing of The Cove at Gateway Commons and Sound at Gateway Commons, two multifamily properties located in the southern coastal Connecticut city of East Lyme. The number of units was not disclosed. Both properties offer one-, two- and three-bedroom units, while Sound at Gateway Commons also has studio apartments. Avi Kozlowski of Newmark originated the 10-year, fixed-rate loan. The sponsor was not disclosed, but both communities are listed on the website of Berkley Properties.

June 3, 2026

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