A century-old Long Island Sound estate in Greenwich, including a massive, 20,777-square-foot main house, has sold for $39.5 million — the highest price ever paid for waterfront property in this wealthy Gold Coast enclave, according to brokers involved in the sale.
“Point of View” is an estate of more than 4 acres with 340 feet of waterfront, its main house featuring a 35-foot, atrium-style entry hall and a ballroom that lowers to transform to an indoor pool. The grounds include a guest house and a historic suspension bridge, designed by John Roebling & Sons, the designers of the Brooklyn Bridge.
The asking price for the property was $42.5 million, according to a listing by Sotheby’s International Realty.
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Coldwell Banker Residential Brokerage, which secured the buyer, said the price paid also was the highest in Greenwich since 2004.
The house was the estate of the late Norman and Suzanne Hascoe. Th
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Encouraging levels of activity continue to be recorded in the occupier sectors of the commercial property market in Ireland and the number of properties being brought to the market has increased in recent months. However, despite the fact that property values are now showing signs of stabilising, activity in the investment sector of the Irish market remains disappointingly weak, with potential investors holding off making investment decisions, primarily as a result of the uncertainty prevailing regarding Government proposals to retrospectively review rent clauses in all business leases.
In the Dublin office sector, take-up has been strong over recent months.
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The summer reading program starts Thursday with shows at the main library on Middle Road and the Pearl Street branch.
The program offers prizes and other incentives for students to hit the books in July and August. Residents may sign up for the program at either library.
The celebrate the program’s launch, Domino the Great will perform magic and a variety show at 10 a.m. at the main library.
For more information, go to enfieldpubliclibrary.org or call 860-763-7510.
Copyright © 2011, The Hartford Courant
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University Village has landed three new retail tenants and leased new office space since its owners and manager resumed control of the project this year.
Six new leases have been signed so far, according to Sandy Sigal, president and CEO of NewMark Merrill, the company that handles leasing for the center. Among them are Sushi Ya, which plans to open a 3,600-square-foot restaurant near UltraStar Cinemas; Lollicup, a shaved ice and specialty drink shop that is taking 1,500 square feet near the T-Mobile store; and Japanese fast-foot chain Yoshinoya, which has signed on for about 1,700 square feet next to Flame Broiler.
Construction on the three restaurants is under way, and they all are expected to open by the end of the summer.
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Commercial real estate investors are likely to obtain much lower returns on their investments over the next four years, according to John Flavin, principal of San Francisco-based real estate consulting and advisory firm Wolfback.
Commercial real estate investors are likely to obtain much lower returns on their investments over the next four years, according to John Flavin, principal of San Francisco-based real estate consulting and advisory firm Wolfback. Institutional-grade commercial real estate provided investors with a whopping 25 percent return in 2010, Flavin said. But investors should be prepared to see those numbers drop to only five percent beginning this year. What’s an investor to do? Flavin says they need to develop new ways to handle investment risk. “
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