News: Connecticut

Naugatuck River Revival Group holds fundraiser

The second annual canoe and kayak race was held on May 9th, down the Naugatuck River. The race is a fundraiser for the Naugatuck River Revival Group. Chester Cornacchia, Naugatuck's economic development commission chair, finished the race in first place. Tom Hill III, broker for the Naugatuck Industrial Park, which has an Enterprise Corridor, finished second. The committee is trying to bring notoriety to the clean Naugatuck River. A fitness trail will be connected all the way from Derby to Torrington. Waterbury received a $4 million grant to work on its seven mile section. Some sections, including Derby, have already built their fitness trail. It is an economic development tool with a quality of life issue.
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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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