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169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million

169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million

by Phil Hall | Oct 2, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
Connecticut Offers Free Risk Mapping Tool to Assess Climate Threats to Properties

Connecticut Offers Free Risk Mapping Tool to Assess Climate Threats to Properties

by Phil Hall | Oct 1, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut has become the first state to offer a free online tool that enables residents and businesses to assess their property’s risk from flooding, wildfires, and other weather-related catastrophes. The new tool, created in partnership by the Connecticut Insurance...
Connecticut Town Considers Cannabis Complex Featuring 50 Affordable Housing Units

Connecticut Town Considers Cannabis Complex Featuring 50 Affordable Housing Units

by Phil Hall | Sep 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A real estate development planned for central Connecticut would include a 50-unit affordable housing complex with a cannabis growing operation and a dispensary. The New Haven Register reports the former Himmel Brothers Co. metal fabrication site in Hamden, a town...
5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

by Phil Hall | Sep 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A five-unit multifamily property in Norwalk, Connecticut, that was constructed in 1900 has been sold for $1.7 million, or $342,000 per unit. The three-story property at 2 Park Street encompasses four oversized one-bedroom units and one oversized loft studio totaling...
Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property

Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A mega-church in central Connecticut announced plans to build a five-story apartment complex with 146 affordable units on its property. The Hartford Courant reports First Cathedral in Bloomfield offered an informal presentation to the town’s planning and zoning...
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