Profile of a Young Local Developer

By age 24, most people have settled into the “9 to 5” and have an initial experience with working life. Every so often you find someone who has taken a non-traditional path and seems to be blazing new ones. This week I met with one of these refreshing individuals, real estate developer Pete Marsele. His first major project, Woodland Lofts, was announced earlier this week in the Hartford Business Journal. So how did Marsele, who

Huh? Local Condo Sales Down, But Prices are Up?

There was an interesting article published in the Hartford Business Journal yesterday regarding local condo sales. For the first six months of this year, condo sales are off by more than 16% in Hartford County compared to 2006. However, the median price is up 1.5% over 2006. Huh? With more inventory sitting out there longer, why aren’t buyers paying less? My guess is that we are talking median sales price vs. mean sales price. I

Newington Ridge Town Homes

Yesterday a client and I visited the Newington Ridge town homes, a new Toll Brothers community of 72 town homes off of Routes 5 and 15 in Newington. Sales of the first phase are moving quickly and they will be deciding in the next few days if they will continue construction to build out the entire 72 units. Newington Ridge offers five different floor plans, with 2 and 3 bedrooms, an option of the master