News: Connecticut

Francis T. Zappone Co. sells 85 bed convalescent home for $900,000

Francis T. Zappone Co. sold the 85 bed convalescent home to Waterbury developer, Barberi Development Co., which plans to renovate the 38,000 s/f property for continued use in the medical care industry. The sale price is $900,000. Francis T. Zappone Co. represented the lender/owner and F.K. Reyher represented the buyer.
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Highcap Group brokers $41.1 million sale of two building multifamily portfolio

Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.

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