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HARTFORDBUSINESS.COM | JUNE 29, 2026 9 DE AL WATCH | BUYERS & SELLERS Avon A 186-unit apartment complex in Avon has sold for $42 million, nearly 45% more than its previous sale price five years ago. Waterbury real estate investor Yitz- chok Rabinowitz sold the Avon Woods Apartments, at 64, 65 and 75 Avon- wood Road, according to land records. Rabinowitz acquired the 46-acre property for $29 million in 2021. The buyer was GAL Equities LLC, a Brooklyn, New York-based real estate investment firm controlled by Gershon Eichorn. The 1977-vintage complex contains 186 apartments in three buildings. Land records show GAL Equities financed the acquisition with a $35 million mortgage from Rhode Island- based Centreville Bank. Vernon A Tampa, Florida-based real estate investment firm has acquired a Vernon shopping center anchored by ShopRite for $62.5 million. Tri-City Plaza, a 295,817-square-foot retail center at 35 Talcottville Road, was purchased by East Coast Acquisitions, according to brokerage firm CBRE. CBRE represented sellers DLC and Acadia Realty Trust in the deal and also procured the buyer. The shopping center is 96% leased and counts ShopRite, TJ Maxx, Home- Goods, HomeSense and Hartford HealthCare among its tenants. C onstruction has begun on a 150-unit apartment develop- ment along East River Drive in East Hartford, marking a significant step in the town's ongoing riverfront redevelopment efforts. A partnership between Simon Konover Co. and Fairfield-based East- pointe broke ground earlier this month on the project, which will include four apartment buildings, a 5,500-square- foot clubhouse, pool, dog park and pedestrian pathways connecting residents to the Connecticut River. The development is expected to be completed in about 16 months. The project received a $6.5 million low-interest loan from the Capital Region Development Authority and an eight-year tax abatement from the town. Hartford Stamford-based RMS Cos. is seeking up to $18 million in financing from the Capital Region Development Authority for the next phase of its North Crossing redevelopment near Dunkin' Park in downtown Hartford. The proposed project, known as DoNo Parcel B-2, would add a six-story, 286-unit apartment building adjacent to The Portrait apartments at 1143 Main St., where leasing recently began. Plans call for 60 studio apart- ments, 144 one-bedroom units and 82 two-bedroom units. The development is expected to cost $71.7 million, with financing from a $36 million construction loan, the proposed CRDA loan and roughly $17.7 million in equity from RMS. Groton A 33-acre development site in Groton approved for a multifamily project with about 460 apartments has been listed for sale for $11.5 million. The property at 1214 Gold Star Highway is being marketed by Institu- tional Property Advisors on behalf of seller L & L Groton LLC, which is affil- iated with Old Lyme-based READCO Property Management. Brokerage officials said the site includes completed entitlement and due diligence work. The property is located about five miles from General Dynamics Electric Boat, which plans to hire roughly 8,000 workers this year. The site's land is currently appraised at about $1.1 million, according to property records. William Finger (left), co-managing partner of Eastpointe, and Simon Konover Co. President Greg Konover at the groundbreaking for a 150-unit apartment project on East Hartford's riverfront. HBJ Photo | Michael Puffer East Hartford riverfront apartment project breaks ground 21 DEMING RD, BERLIN, CT 06037 / (860) 610-1093 / OLSENCS.COM • CONSTRUCTION MANAGEMENT • GENERAL CONTRACTING • DESIGN–BUILD