Gary Larkin
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Gary is the editor of The Fairfield County Business Journal, which is owned by Westfair Communications. The tweets expressed are mine alone.
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Articles by Gary Larkin
Silver Point Capital provides $130M loan to finance acquisition
Anthony DiNello, head of direct lending at Silver Point Capital. GREENWICH – Silver Point Capital’s direct lending business provided a $130 million loan to The Riverside Co. to acquire Hoover Circular Solutions Ltd. (Hoover CS) Silver Capital was the sole lender on the transaction. Headquartered in Houston, Hoover CS provides sustainable packaging, fleet management and logistics solutions to refining, chemical, energy and industrial customers globally.
Fairfield’s Kenney elected to PGA of America Board
Christopher Kenney, golf pro of The Patterson Club of Fairfield is a new board member. Photo courtesy of David Becker/PGA of America Fairfield Head Golf Professional at The Patterson Club Chris Kenney was elected to serve a 3-year term on the Professional Golfers’ Association (PGA) of America Board of Directors during the 110th PGA Annual Meeting at Red Rock Casino Resort and Spa in Las Vegas. He was one of five golf pros to receive the honor.
Harborview Towers gets official green light in form of $40M financing
Harborview Towers in Bridgeport starts renovations as $40 million financing package is signed by Mayor Joe Ganim. Photo courtesy of Park City Communities BRIDGEPORT – Mayor Joe Ganim has signed documents that provides $40 million to Park City Communities’ Harborview Towers $53 million renovation of 242 affordable housing units in the city’s East Side. With Park City Communities Executive Director Jillian Baldwin looking on, Ganim on Nov.
Bridgeport real estate portfolio sells for $5.35M
The Maple Street apartments in Bridgeport as well as those on Caroline Street were sold for $5.35 million in October. Photo courtesy of Horvath & Tremblay BRIDGEPORT – Maple Caroline LLC purchased a 27-unit multi-family real estate portfolio from 651 Maple St LLC for $5.35 million, according to Horvath & Tremblay.
Mixed-use development in Wilton takes giant leap forward
A rendering of a 175-unit mixed-use, multi-family development on River Road got a boost when Kimco and Bozzuto announced a joint venture. Photo courtesy of Kimco Realty WILTON – The 175-unit mixed-use, four-story, multi-family development that was originally proposed to the Town of Wilton in 2024 took a large step forward Tuesday as Bozzuto and Kimco Realty announced a joint venture to advance the redevelopment of the Kimco Wilton Office Campus at 15 and 21 River Road.
New Canaan investor buys Main Street commercial building for $2.15M
The commercial property at 107-111 Main St. in New Canaan has been sold to a local investor for $2.15 million. NEW CANAAN — The Iannazzo family of Norwalk has sold a commercial property at 107-111 Main St. for $2.15 million to a local private investor from New Canaan, according to Saugatuck Commercial Real Estate (SCRE) of Westport. The 3,700-square-foot, two-floor retail building occupies a highly visible position in the heart of downtown New Canaan.
Optimum: Without financing, ‘doubt exists’ about continuing as a going concern
LONG ISLAND CITY – Optimum Communications, one of the country’s largest internet service, cable TV and mobile phone providers, has told Wall Street since it doesn’t have enough committed financing or cash equivalents “substantial doubt exists” about its ability to continue as a going concern.
State Senate GOP has new leadership after Election Day drubbing
State Sen. Rob Sampson of Wolcott, the new Republican minority leader. Photo courtesy of Connecticut Senate Republicans HARTFORD – State Sen. Rob Sampson of Wolcott has been selected Senate Republican minority leader and Sen. Eric Berthel of Watertown will serve as Senate Republican leader pro tempore starting in January 2027. Their appointments come after the Nov. 4 election left the GOP with only three members in the Senate (the other is Sen.
Mega Revolution Wind project officially up and running
The 704 MW Revolution Wind offshore wind project is now fully operational off Rhode Island coast. Photo courtesy of Revolution Wind LLC HARTFORD – Gov. Ned Lamont applauded the Nov. 5 announcement that the Revolution Wind offshore wind project has reached its commercial operation date, marking the start of it generating commercial power under a power purchase agreement. “This project being fully operational is a significant milestone for Connecticut and a welcome addition to our energy mix,” Gov.
Fairfield property tax relief program changes goes to RTM
Craig Curley, chair of the Board of Finance Senior and Disabled Tax Relief Committee. Photo courtesy of Craig Curley FAIRFIELD – The Board of Finance voted unanimously Nov. 4 to approve two updates to its property tax relief program for seniors and homeowners with disabilities. The plan was proposed earlier this year by the board’s Senior and Disabled Tax Relief Committee. The proposal raises the qualifying total asset value limit for such homeowners from $675,000 to $800,000.
Christie opting for interim maintenance at Parker Harding Plaza
The Starbucks in Parker Harding Plaza in downtown Westport. Photo courtesy of TripAdvisor WESTPORT – The Town of Westport is considering limited interim maintenance and accessibility improvements for Parker Harding Plaza in light of the $6.5 million price tag for a comprehensive reconstruction, First Selectman Kevin Christie told the Board of Finance Wednesday.
Starbucks-Parker
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Mohegan Sun Arena getting $30M makeover
The Mohegan Sun Arena is getting a $30 million transformation as tribe moves on from WNBA team. Photo courtesy of Mohegan Sun Arena UNCASVILLE – Mohegan Tribe is preparing a $30 million multi-phase renovation of the Mohegan Sun Arena 25 years after it opened as home to myriad shows and sporting events.
In the end, GOP became smaller minority in CT legislature
CBIA’s map of Connecticut Senate election results. The blue wave election on Tuesday was devastating for state Republicans as Democrats increased their supermajorities in the House and Senate, according to unofficial results released by Secretary of the State’s office. As of Thursday morning, the Republicans saw their representation in the Senate drop to three as the Democrats flipped 8 seats. The Democrats will have a 33-3 majority going into the next session in January.
WBDC welcomes four new board members
STAMFORD — The Women’s Business Development Council (WBDC) has appointed four to its board of directors. Hannah Blonshteyn, Brian Carroll, Lesa Vanotti, and Elizabeth Zessman will support WBDC’s mission to help women entrepreneurs across Connecticut launch, strengthen, and grow their businesses. “We are so pleased to welcome these new members to our board — each brings fresh ideas and leadership experience that will help guide WBDC’s work,” said WBDC CEO Fran Pastore.
Paul Newman’s Hole in the Wall Gang Camp names COO
Karen Maciorowski, the first-ever COO for Paul Newman’s Hole in the Wall Gang Camp. NEW HAVEN – The late actor Paul Newman’s Hole in the Wall Gang Camp has tapped Karen Maciorowski its first-ever COO following a nationwide search. Maciorowski’s connection to the organization dates back two decades when she worked to support the Birdies for Charity event at the Travelers Championship, for which Hole in the Wall is the primary charity beneficiary.
Stamford’s William Pitt – Julia B. Fee Sotheby’s names first woman president, CEO
Carolyn Fugere, the new president and CEO of William Pitt — Julia B Fee Sotheby’s International Realty. Photo courtesy of William Pitt STAMFORD – Carolyn Fugere will become the first woman to be president and CEO in William Pitt – Julia B. Fee Sotheby’s International Realty’s 77-year tenure. The real estate firm’s Executive Chair Paul Breunich has elevated Fugere to the post after served as co-president and chief sales officer, responsible for overseeing 31 offices and 1,100 sales advisors.
United Way to give $7.8M to 38 nonprofits over three years
DANBURY — The United Way Coastal and Western Connecticut will distribute $7,815,000 in grant awards over the next three years to 38 non-profit organizations – 8 in Danbury, 14 in Norwalk, and 16 in Stamford. Awards range from $75,000 to $300,000 over three years. The grants will be made in partnership with Connecticut’s Social Equity Council through the Reimagine and Revitalize (R2) Community Reinvestment Program in Danbury, Norwalk, and Stamford.
Connecticut remains blue amid national blue wave in midterm elections
Voters enter the voting site at Fairfield Warde High School on Election Day. Photo by Gary Larkin As most of the country experienced a blue wave Election Night, Connecticut’s tide remained blue as Gov. Ned Lamont was reelected to a third consecutive term, the Democratic U.S. House representatives stayed in their jobs and the state legislature got bluer, according to unofficial results posted by the Secretary of the State.
Only about one-third of Stratford property owners have filed for 35% exemption
Stratford Mayor David Chess fields a question from Stratford Chamber of Commerce Chair Bob David during the Bridgeport Regional Business Council’s State of Stratford luncheon. Photo by Gary Larkin STRATFORD – Nearly 12,000 town residents who live in and own their homes have yet to apply for a 35% Homestead Act property tax exemption, according to Mayor David Chess. In fact, only about 5,000 homeowners have done so as of Oct. 26.
JECT Medspa coming to downtown Westport
JECT Medspa is opening a location at 24 Taylor Place in downtown Westport. WESTPORT — New York City-based JECT Medspa has leased the boutique retail suite at 24 Taylor Place as the medical aesthetics brand opens its first Connecticut location, according to Saugatuck Commercial Real Estate (SCRE).
Altus Power of Stamford names first COO
Raj Soi, the new COO of Altus Power in Stamford. Photo courtesy of Altus Power STAMFORD – Altus Power has appointed Raj Soi as its first COO. The leading commercial-scale clean power company hired the former COO of SunVest Solar to help Altus build out its operations. As the company’s first COO, Soi brings deep experience scaling owner-operator platforms and building the operational capabilities needed to support growth.
Is Optimum heading toward debt restructuring?
LONG ISLAND CITY – All signs point to a major debt restructuring for the financial ailing Optimum Communications, which provides cable TV, internet, home and mobile phone services throughout Westchester, Rockland and Fairfield counties. First of all, the Long Island City-based communications company posted a net loss attributable to shareholders of $291.8 million in the second quarter on revenue of $2 billion.
Optimum
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Catholic schools benefit from $6.3M gift from Gillis family
Margie Gillis, founder and president of Literacy How Inc., speaks to church and Catholic school officials Oct. 30 during the grand opening of the Gillis Literacy Center at Kolbe Cathedral Preparatory School in Bridgeport.
Gillis Literacy
At the ribbon cutting of the Gillis Literacy Center at Kolbe Cathedral Preparatory School, from left: Steven Velardo, president of Foundations in Education; four Kolbe students; Angela Pohlen, executive director of Catholic Academy of Bridgeport; Stacey Stueber, superintendent of Catholic schools of Diocese of Bridgeport; Bishop Frank Caggiano; Margie Gillis, founder and president of Literacy How Inc.; Camille Figliuzzi, principal of Kolbe; and two students.
Margie Gilllis
Margie Gillis, founder and president of Literacy How Inc., speaks to church and Catholic school officials Oct. 30 during the grand opening of the Gillis Literacy Center at Kolbe Cathedral Preparatory School in Bridgeport. Photo courtesy of Gillis Literacy Center
Waterford Hotel Group adds to its growing portfolio
The Wolfeboro Inn in New Hampshire is one of three hotels Waterford Hotel Group has agreed to manage. Photo courtesy of the Wolfeboro Inn WATERFORD – Waterford Hotel Group has added the management of three hotels to its growing management portfolio: the 107-room Courtyard by Marriott Ithaca Airport/University in Ithaca, New York; the 54-room Le Particulier Miami in Miami Beach; and the 44-room Wolfeboro Inn in Wolfeboro, New Hampshire.
Boston LLC puts historic Rao building up for sale in New Britain
The historic Rao building in downtown New Britain has been listed for $3.3 million. Photo courtesy of Horvath & Tremblay NEW BRITAIN – The Rao Building, which is home to Main Street Wine & Spirits and 14 apartments, has been listed by Horvath & Tremblay for $3.3 million. The historic five-story building, which is owned by TOC Rao LLC of Boston, was built in 1900 and is named after the Rao Clothing store for women that operated at 160 Main St. for several decades starting in 1949.
State grants $19.6M to Saint Joseph’s Medical Center
From left, Westchester County Executive Ken Jenkins; Yonkers Mayor Mike Spano; New York State Health Commissioner Dr. James McDonald; New York State Senate Majority Leader Andrea Stewart-Cousins; Saint Joseph’s Medical Center President and Chief Executive Officer Michael J. Spicer, and Saint Joseph’s Medical Center Chairman of the Board of Trustees James Landy.
Saint Joseph’s Medical Center press conference
From left, Westchester County Executive Ken Jenkins; Yonkers Mayor Mike Spano; New York State Health Commissioner Dr. James McDonald; New York State Senate Majority Leader Andrea Stewart-Cousins; Saint Joseph’s Medical Center President and Chief Executive Officer Michael J. Spicer, and Saint Joseph’s Medical Center Chairman of the Board of Trustees James Landy. Photo courtesy of Saint Joseph’s Medical Center
CJR expands into Bridgeport with Fairfield Avenue office
Pictured from left at CJR’s new Bridgeport location are state Rep. Geraldo Reyes Jr.; state Rep. Cristin McCarthy Vahey; CJR President and CEO Cassie Reyes; Bridgeport Mayor Joseph Ganim; state Rep. and Deputy Speaker of the House Christopher Rosario; and state Rep. Antonio Felipe.
CJR Expand
Pictured from left at CJR’s new Bridgeport location are state Rep. Geraldo Reyes Jr.; state Rep. Cristin McCarthy Vahey; CJR President and CEO Cassie Reyes; Bridgeport Mayor Joseph Ganim; state Rep. and Deputy Speaker of the House Christopher Rosario; and state Rep. Antonio Felipe. Photo courtesy of CJR
Private equity firm buys Quarry Road complex in Milford for $10M
The 85,821-square-foot industrial complex in Milford that was recently sold to a private equity firm. Photo courtesy of CBRE MILFORD – The Dedham, Massachusetts, private equity real estate investment firm Albany Road Strategic Opportunity Fund LLC recently purchased 260-284 Quarry Road for $10 million from LM Quarry Road II LLC, according to the broker CBRE.
New 59,000 SF ShopRite at Nutmeg Square to open in Danbury
The new ShopRite at Nutmeg Square in Danbury will officially open this weekend. Photo courtesy of Cingari Family Markets DANBURY – Cingari Family Markets will officially open ShopRite at Nutmeg Square at 72 Newtown Road on Monday, Nov. 2. The 59,000 ft space takes up the site of the former Stop & Shop anchor store, vacant since November 2024.
Boot Barn to open fifth location in Connecticut
Boot Barn is coming to Killingly this year. KILLINGLY — The leading western and workwear retailer Boot Barn has leased space at 581 Hartford Turnpike in Killingly Commons shopping center, according to the broker Saugatuck Commercial Real Estate (SCRE). Dan Neaton of SCRE represented Irvine, California-based Boot Barn in leasing 14,600 square feet at its fifth location in the state. The other locations are in Manchester, Milford, Plainville, and Waterford.
Boehringer Ingelheim Establishes Metabolic Matters Steering Committee
Vani Manja, global head of obesity and liver health at Boehringer Ingelheim, speaks at a recent World Health Assembly panel. Photo courtesy of Boehringer Ingelheim RIDGEFIELD – Boehringer Ingelheim this week announced it has formed a Metabolic Matters Steering Committee, a multidisciplinary effort focused on advancing outcomes for conditions, such as obesity, that affect metabolic health.
WBDC’s Women Rising Gala celebrates eight women entrepreneurs
From left, Susan Muigai, chief people officer of Mastercard; Fran Pastore, founder of WBDC; and Dr. Katherine Saunders, co-founder of FlyteHealth and obesity physician at Weil Cornell Medicine at the 2026 Women Rising Gala and Awards Celebration in Greenwich.
WBDCWomen
From left, Susan Muigai, chief people officer of Mastercard; Fran Pastore, founder of WBDC; and Dr. Katherine Saunders, co-founder of FlyteHealth and obesity physician at Weil Cornell Medicine at the 2026 Women Rising Gala and Awards Celebration in Greenwich. Photo courtesy of Aviva Maller Photography
Lamont, Fazio go a couple of rounds at Mohegan Sun
Gov. Ned Lamont and state Sen. Ryan Fazio moments before their Oct. 27 gubernatorial debate at Mohegan Sun. Photo by Gary Larkin UNCASVILLE – If there is one thing Democrat Gov. Ned Lamont and Republican state Sen. Ryan Fazio agree on it’s that more residents find living in Connecticut to be unaffordable. When it comes to how state government should address this overarching issue, that’s where the two lawmakers part ways.
Danbury apartment building listed for $800K
8A Peace St. in Danbury is up for sale. The owner of the 3-family apartment building is seeking $800,000. DANBURY – A two-story apartment building at 8A Peace St. has been listed for $800,000, according to listing broker Horvath & Tremblay. The 3,756-square-foot, three-family townhouse style building includes three 3-bedroom/1.5 bathroom units. Situated on 0.20 acre, the property garners $39,995 in net operating income annually.
Property Tax Citizens’ Assembly calls for bringing back tolls, sharing hotel tax revenue
The Connecticut Citizens’ Assembly on Property Taxes’ final report includes recommendations such as reinstituting the highway toll system, sharing hotel and restaurant tax revenue, reevaluating the exempt status of nonprofits and instituting a state millionaire’s tax among many actions. The Assembly’s work is expected to contribute to the broader public conversation about potential reforms and the future of Connecticut’s property tax system.
CTCitAssem
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State’s ‘nickel per nip’ program has made more than $25M
The state’s environmental fee on the sale of nips – those small versions of hard liquor – has returned a total of more than $25 million to municipalities since the program started in April 2022. The “Nickel per Nip Environmental Fee” program is returning more than $2.5 million to Connecticut municipalities in its latest six-month distribution, according to Larry Cafero, executive director and general counsel of the Wine and Spirit Wholesalers of CT.
Q&A with Democrat Gov. Ned Lamont
Connecticut Gov. Ned Lamont Democrat Gov. Ned Lamont of Greenwich is running for a third term on Nov. 3 against Republican and Independent-endorsed Ryan Fazio, also from Greenwich. He touts eight straight years (2019-2026) of a balanced state budget, getting the state’s economy in order and providing a tax break for couples with Pre-K children as achievements since he first took office in 2019.
ENCON Heating & Air Conditioning opens Danbury office
ENCON Heating & Air Conditioning has expanded to Danbury, bringing about 25 jobs with it. Photo courtesy of ENCON DANBURY – Stratford-based ENCON Heating & Air Conditioning last month opened its third location in the state at 60 Shelter Rock Road here. The company held a grand opening Oct. 19 and promised to hire about 25 employees in the new location. The opening is part of ENCON’s continued expansion across Connecticut and New York.
‘Tyvek Temple’ no more in Downtown Norwalk
The Isaacs Street Parking Garage is an integral part of Wall Street Place in Norwalk. Photo by Gary Larkin NORWALK – The once-ill fated, two-building, affordable-housing Wall Street Place development has just about completed its resurrection, of sorts. Once dubbed the “Tyvek Temple,” the $125 million mixed-use residential development is located at 61 Wall St. (North Building) and 17 Isaacs St. (East Building) downtown.
CBIA taps new general counsel from within its ranks
CBIA’s new general counsel Diane Mokriski HARTFORD – The Connecticut Business and Industry Association (CBIA) has named Diane Mokriski as general counsel and vice president of human resources and employment law services. As CBIA’s general counsel, Mokriski will serve as the organization’s legal counsel and will lead its internal human resources strategy and management.
NY Mets’ and Point72 owner Cohen keeps top Forbes spot in CT
Steve Cohen, founder of Point72 Asset Management of Greenwich, and New York Mets owner. Photo courtesy of Point72 Asset Management New York Mets owner and hedge fund entrepreneur Steve Cohen of Greenwich retained his top spot in Forbes Richest Person in Every State list for 2026. Worth $26.7 billion, Cohen is one seven billionaires to make the list in Connecticut. Nationally, he is No. 43 and globally he is No. 89.
Ansonia Landing Shopping Center sold for $8.3M
The Ansonia Landing Shopping Center, which was anchored by Stop & Shop, has been sold to a Texas real estate investor. Photo courtesy of SCRE ANSONIA — A Fort Worth, Texas, real estate investor has purchased the Ansonia Landing Shopping Center from a KIMCO Realty-led partnership for $8.3 million, according to Saugatuck Commercial Real Estate, which represented the new owner in the transaction.
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