Hartford Business Journal

www.HartfordBusiness.com January 19, 2015 • Hartford Business Journal 7 what'S ahead: ■ 1/26 Focus: accounting ■ The List: largest accounting firms in Greater hartford ■ Nonprofit Profile: Community partners in action Calendar Thursday, Jan. 29 CFA Society's Annual Forecast Dinner Gala The CFA Society of Hartford will holds its annual forecast dinner Thursday, Jan. 29, featuring keynote speaker Jurrien Timmer, the director of global macroeconomics for Fidelity Management & Research Co. The event will run from 5 p.m. to 9 p.m. at the Connecticut Convention Center, 100 Columbus Blvd., Hartford. Timmer will discuss the global market outlook for 2015. The event typically attracts over 400 investment professionals and business decision makers. Cost to attend is: $100 for CFA Society Hartford members; $135 for nonmembers. For more information or to register visit www.hartfordcfa.org, or contact administrator@hartfordcfa.org. F O r a c O m P l e T e l i s T O F G r e a T e r H a r T F O r d B u s i n e s s e v e n T s , G O T O w w w . H a r T F O r d B u s i n e s s . c O m a n d c l i c k O n ' T H e a G e n d a . ' a l l c a l e n d a r i T e m s m u s T B e s u B m i T T e d e l e c T r O n i c a l l y v i a O u r w e B s i T e , H a r T F O r d B u s i n e s s . c O m . real eState Bushnell on the Park sold for $14.3M Downtown Hartford's Bushnell on the Park housing-office-retail complex has been sold for $14.3 million, according to city land records. Previous Old Lyme owner Hamilton Point Investments sold the 129 apartments in Bushnell's curved structure and the adjoining 27,177 square feet of office-retail space at 100 Wells St. just be- fore Christmas, after more than a year on the market. The buyer is Bushnell Park LLC, of 767 5th Ave. in Manhattan. There are about 51 condominiums in an adjoining tower overlooking Bushnell Park that were not sold. Both structures were built in 1969. Hamilton Point paid $10 million for the defaulted mortgage on the 12-story property in Oct. 2011, after the downtown Hartford land- mark sank into foreclosure in 2009, Hamilton Point Principal Matthew Kelsey said. The former owners, Bushnell Regency, stopped making payments on a $12.7 million mortgage. CT home sales stagnant, prices falling Connecticut single-family home sales increased just barely in November, but remain down for the first 11 months of 2014, ac- cording to the Warren Group. There were 2,036 sales recorded during the month, up 0.4 per- cent. From January to November, sales were down by 0.5 percent. Meanwhile, median home sale prices continued to fall for the ninth consecutive month in November, dropping 1.6 percent to $238,100. "The Connecticut market for single-family homes is steady, but shows virtually no growth over the levels achieved in 2013," Warren Group CEO Timothy M. Warren Jr. said in a statement. "After gains in sales volume of 15 percent in 2012 and another 6 percent in 2013, we are stuck on a plateau this year." tranSportation Premier Limo sells buses to Academy Major East Coast passenger transporter Academy Bus Lines is expanding its fleet with its recent purchase of 57 coach buses from Berlin's Premier Limousine, which is underway with its own expansion, authorities say. Premier CEO Stephen DiMarco said last week his company agreed to sell the coaches for an unspecified sum, and in ex- change will serve as exclusive Connecticut reservations agent for charter bookings on Academy's buses. Although Premier initially didn't plan to sell its bus fleet, DiMar- co said the transaction allows Premier to focus on expanding its core transport service that relies on executive sedans, limousines and smaller buses, DiMarco said. The deal also expands Premier's access to a much larger fleet of 1,800 coach buses that Academy owns and operates on the eastern seaboard. Academy, based in Trenton, N.J., operates a terminal in Bridgeport. Demand for chauffeured transport from promgoers, corporate executives and others is strong right now and business is good, particularly amid plummeting prices for motor fuel, DiMarco said. "We're looking to purchase some limousine companies in the Hartford market,'' DiMarco said. He did not elaborate. In April, Premier will expand its fleet of 104 vehicles with a dozen new automobiles, including Lincoln Town cars, five Cadillac Escalades and five stretch corporate limousines, he said. Jurrien Timmer Hartford's curve-shaped Bushnell on the Park houses 129 apartments. P H O T O | H B J F i l e Register today! Please go to: www.HartfordBusiness.com and click on 'Our Events' Cyber seCurity: what every business needs to know! the educational seminar you can't afford to miss! Presenting Sponsor: Event Partners: TJ Andre Market Strategist and Business Catalyst Nanumett Group www.HartfordBusiness.com In Print. Online. In Person. Delivering Business. Please join the Hartford Business Journal at The Society Room on Wednesday, February 25, 2015 for a lively interactive discussion designed to educate around the issues, challenges and threats of cyber security to your business. Breakfast will be served. Discussion Leader: Date: Wednesday, Feb. 25, 2015 Time: 7:30 a.m.–9:30 a.m. WHERE: The Society Room 31 Pratt Street, Hartford Single Ticket Rate: $45.00

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