January 7, 2026 - 04:15

A two-building office complex, encompassing approximately 196,000 square feet, located in Glastonbury’s upscale Somerset Square mixed-use district, has been sold for $27.75 million in December. This transaction marks the largest office deal in central Connecticut for the year 2025, highlighting the ongoing demand for commercial real estate in the region.
The Somerset Square complex is known for its prime location and modern amenities, making it an attractive option for businesses seeking office space in a vibrant environment. The sale reflects a broader trend in the market, where investors are increasingly looking to acquire properties that offer both value and potential for growth.
As remote work continues to reshape the office landscape, the successful sale of this complex indicates a strong belief in the long-term viability of office spaces in well-planned mixed-use developments. Stakeholders are optimistic that the new ownership will further enhance the appeal of Somerset Square, contributing to the area's economic vitality.
April 11, 2026 - 01:30
Investor pays $41 million for North Michigan Avenue retail spaceIn a significant vote of confidence for Chicago`s premier shopping corridor, a private investor has acquired a key retail property on North Michigan Avenue for $41 million. The transaction,...
April 10, 2026 - 09:25
Real Estate Economist Urges Market to Stay the Course Amid Global TensionsChief Economist Lawrence Yun of the National Association of Realtors is advising stakeholders in the housing market to maintain their resolve despite a turbulent economic climate. His message is a...
April 9, 2026 - 23:40
Affordable housing project finally breaks ground in SF's MissionAfter years of planning and community advocacy, a significant new affordable housing development has officially begun construction in San Francisco`s Mission District. The project, known as `La...
April 9, 2026 - 02:19
Civic leaders discuss how to make State Street a 'great street' againA collaborative effort is underway to restore State Street to its former glory as a vibrant, `great street` for the community. This initiative comes at a pivotal time, as the corridor, once a...