News: Connecticut

Washington Trust provides $4.95 million to 426 Main Avenue Associates for Four Points by Sheraton

Washington Trust's Commercial Real Estate Group recently provided $4.95 million to 426 Main Avenue Associates, LLC for the refinancing of the Four Points by Sheraton. The 70,209 s/f hotel contains 127 guest rooms, meeting space, fitness center, and a newly renovated restaurant and lounge. "The property is located in the heart of Norwalk's corporate financial district with easy access to the Merritt Pkwy., I-95, and Metro North rail service, making it a convenient lodging choice for the greater New York City area." said Joseph MarcAurele, Washington Trust chairman, president, and chief executive officer.
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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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