News: Front Section
Posted: August 26, 2016
Press of Press/Cuozzo Commercial Services brokers $530,000 building sale
47 Trumbull Street - New Haven, CT
New Haven, CT Stephen Press, SIOR, of Press/Cuozzo Commercial Services, marketed and sold 47 Trumbull St.
Stephen Press, Press/CuozzoPress represented the seller, Lincoln’s Inn Associates, and procured the purchaser, 47 Trumbull, LLC.
This well-located, multi-tenanted office building contains 3,829 s/f with off street parking for six cars and is within walking distance to courts, Yale, and the CBD. The transaction closed for $530,000.
Press/Cuozzo Realtors, with offices in Hamden, has been serving the greater New Haven area since 1990.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in