As the State of Connecticut continues to respond to the global spread of coronavirus disease (COVID-19), Governor Ned Lamont provided the following updates to the residents of Connecticut as of 3:00 p.m. on Thursday, March 12, 2020: More
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Beginning Monday, March 16, 2020, Norwalk City Hall will operate with limited staff and scaled-back services amidst the growing COVID-19 novel coronavirus outbreak. Norwalk Mayor Harry Rilling made the decision today, Thursday, March 12, 2020, in order to protect the health and safety of the public and City staff, while maintaining core government functions. A majority of Board and Commission meetings over the next two weeks will also be canceled, or moved to teleconference. More Mar 12, 2020 - 6:02:47 PM
Wilton Library’s drive thru window keeps people rolling Given the Town of Wilton’s current health advisories, Wilton Library will remain closed through Sunday, March 15. During this time, library custodial staff will perform systematic deep cleaning of all surfaces using CDC recommended guidelines. These cleaning procedures will be maintained for the foreseeable future. More Mar 12, 2020 - 5:46:24 PM
In response to the growing concerns over the spread of COVID19, SilverSource, the nonprofit agency that serves the greater Stamford senior community, has announced immediate updates to its programs and services to ensure the safety of its employees and clients. More Mar 12, 2020 - 4:11:10 PM
City: First Case of COVID-19 in Stamford Followed All Precautionary Measures On March 10th a Stamford resident who returned from international travel was preemptively isolated at Stamford Hospital. On the late evening of March 11th the resident tested positive for COVID-19 (commonly referred to as “the coronavirus”). This is the first reported case of COVID-19 among Stamford residents. This infection was not contracted in the United States or Stamford. More Mar 12, 2020 - 3:15:06 PM
Sound Tigers 4, Marlies 1 Kieffer Bellows and Travis St. Denis each scored twice on Wednesday to help the Bridgeport Sound Tigers (23-33-5-2), American Hockey League affiliate of the New York Islanders, earn a 4-1 win against the Toronto Marlies at Webster Bank Arena. Christopher Gibson also tied a season high with 44 saves to backstop the win, Bridgeport’s second in a row. More Mar 12, 2020 - 12:11:11 AM
CT AG Tong releases guidance on price gouging enforcement Attorney General William Tong on Tuesday released the following statement and guidance on price gouging enforcement after Gov. Ned Lamont declared civil preparedness and public health emergencies in response to the COVID-19 outbreak. More Mar 11, 2020 - 1:56:35 AM
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SHELTON, CT - Investment sales broker Northeast Private Client Group has announced the recent sale of two multifamily buildings located in Stamford, Conn. Bradley Balletto, vice president, investments, together with Rich Edwards and Jeff Wright, investment associates in the firm’s Connecticut office, represented the seller and sourced the buyer in the off-market transaction.
On July 24, Northeast Private Client Group closed the sale of The Moderne Apartments located at 163 Franklin Street and The Verano Apartments, located at 750 Summer Street. Each property comprises 58 luxury apartment units with on-site amenities including 24-hour fitness centers, rooftop lounges and screening rooms. The seller, RMS Companies of Stamford, Conn., sold the properties to Navarino Acquisitions LLC for $35,000,000 in an off-market transaction. The price paid equates to $301,724 per unit, $270 per gross square foot, and a capitalization rate of 5.4 percent on year-one net operating income.
“Even this late in the current cycle, multifamily investors can continue to find buy-opportunities in Stamford, one of Metro North’s more desirable & dynamic submarkets.” said Balletto. “Verano & Moderne’s in-place nominal rents were well below top-of-market rental options, while offering larger floorplans with comparable unit finishes and amenities packages to their competitive set. The relative value to renters by choice at these newer-construction assets puts them in the unique position to sustain rent growth in the face of significant new deliveries to the Stamford luxury rental market.”