Hartford Business Journal

4 Hartford Business Journal • May 18, 2015 www.HartfordBusiness.com w w w. H a r t f o r d B u s i n e s s . c o m (860) 236-9998 E D I T O R I A L Greg Bordonaro Editor, ext. 139 gbordonaro@HartfordBusiness.com Brad Kane Managing Editor, ext. 127 bkane@HartfordBusiness.com Gregory Seay News Editor, ext. 144 gseay@HartfordBusiness.com Matt Pilon Digital Producer/Reporter, ext. 143 mpilon@HartfordBusiness.com John Stearns Staff Writer, ext. 145 jstearns@HartfordBusiness.com Roger Magnus Research Director Heide Martin Research Assistant B U S I N E S S Joe Zwiebel President and Publisher, ext. 132 jzwiebel@HartfordBusiness.com Donna Collins Associate Publisher, ext. 121 dcollins@HartfordBusiness.com Jessica Baker Office Manager, ext. 122 jbaker@HartfordBusiness.com Catherine Gruszka Operations Manager, ext. 137 cgruszka@HartfordBusiness.com Stephanie Kucharski Custom Publishing Projects Manager, ext. 129 skucharski@HartfordBusiness.com Amy Orsini Events Manager, ext. 134 aorsini@HartfordBusiness.com David Hartley Sr. Accounts Manager, ext. 130 dhartley@HartfordBusiness.com William C. Lambot Sr. Accounts Manager, ext. 128 wlambot@HartfordBusiness.com Brittney Michaud Accounts Manager, ext. 133 bmichaud@HartfordBusiness.com Ryan Casey Exhibit Sales Associate, ext. 120 rcasey@hartfordbusiness.com Kim Vautour Human Resource Director Raki Zwiebel Credit and Collections Manager Valerie Clark Accounting Assistant/Office Manager Gail Lebert Chair, Executive Advisory Board P R O D U C T I O N Lynn Mika Production Director/Marketing Coordinator, ext. 140 lmika@HartfordBusiness.com Christopher Wallace Art Director, ext. 147 cwallace@HartfordBusiness.com Vlada Shelkova Graphic Artist, ext. 148 vshelkova@HartfordBusiness.com Peter Stanton CEO pstanton@nebusinessmedia.com Joseph Zwiebel President & Group Publisher, ext. 132 jzwiebel@HartfordBusiness.com Mary Rogers Chief Financial Officer mrogers@nebusinessmedia.com Subscriptions: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@cambey- west.com, or call (845) 267-3008. Advertising: For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. News Department: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at editorial@HartfordBusiness.com Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 53 x per year including three special issues — one in September, one in November and one in December — by New England Business Media LLC, 15 Lewis Street, Suite 200, Hartford CT 06103. Periodicals postage paid at Hartford, CT. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2015. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com investors doing the buying. 100 Pearl sold to a New Jersey investor in 2012, and then again last February, this time to Shelbourne. Northland eventually lost a trio of properties to foreclosure. New York investors bought CityPlace II; West Hartford's The Fremont Group acquired Metro Center. Goodwin's buyer was unknown at press time. Shelbourne shopped mostly East Coast commercial markets in Boston, northern and central New Jersey, Philadelphia, Delaware, as well as in Stamford and New Haven, before opting on Hartford, he said. Ultimately, the Stilts Building, following an extensive make- over by its previous owner with whom Shel- bourne has had extensive business dealings, got the nod. In March, Shelbourne purchased 100 Pearl St. for $36.85 million. Now, Bertram and his partners are can- vassing other Hartford area properties as potential investments. They declined to elab- orate. Bertram also declined to say whether Shelbourne was a Goodwin Square bidder. Brooklyn, N.Y., realty investor Yisroel Rabinowitz, whose Connecticut realty port- folio includes office and apartment holdings in downtown and suburban Hartford, said he is actively scouring this region for more realty assets to acquire. "If I find a good deal in the Greater Hart- ford area, I'll buy it,'' said Rabinowitz, land- lord of downtown's first office-to-apartment conversion, The Grand. He also owns 11 Asy- lum St. downtown. Like Shelbourne, Rabinowitz said Hartford offers better buy-and-hold opportunities than New York's overpriced realty market. He bought his first Connecticut residential properties in New Haven County eight or nine years ago. "I started looking around and did get the sense of wanting to be in Hartford,'' he said. "My personal game plan didn't nec- essarily mean Hartford, but the Greater Hartford area.'' Michael W. Freimuth is chief executive officer of the Capital Region Development Authority, the quasi-public catalyst for downtown Hartford's transformation. Fre- imuth said his agency, along with the gover- nor, Hartford's mayor and state's economic development arm collectively deserve credit for Hartford's stimulus. Indeed, Freimuth said the mostly out-of- state capital flowing not just into Hartford, but New Haven, Norwalk and Stamford, are precisely the impact state, city and business leaders hoped for. "Downtowns are your front door,'' Fre- imuth said via email. "If they're not welcom- ing or kept up, you're not going to attract visi- tors and investors." n N.Y. Landlords Nominees and winners alike participate in the festivities of the annual Business Champions Awards Breakfast, which gathers more than 400 business owners and leaders each year to enjoy a champagne toast and original video segments that pay tribute to the winners. The Hartford Business Journal will also publish the Business Champions online and in print on June 8, 2015. EVENT DATE JUNE 4, 2015 Time: 7:00AM-8:45AM Location: CT Convention Center, 100 Columbus Blvd., Hartford Single Ticket Rate: $65 To register, visit: HartfordBusiness.com/businesschampions For questions about this event please contact Amy Orsini at 860-236-9998 x134 or email aorsini@ hartfordbusiness.com Presented By: event sPonsors: Presenting sPonsor: eventPartners: Categories Include: • Revenue Growth • Workforce • Best Start-Up • Innovation • Community Involvement Nominated Companies: A New Pathway Intervention Services Advanced Technology Consulting Amazing Celebrations, LLC Bear's Smokehouse BBQ Bigmouth, Inc. BlumShapiro Bradley, Foster & Sargent, Inc. The Brothers Crisp CNC Software, Inc. Corporate Translations Cronin and Company, LLC DioLuce LLC EasySeat Tickets Evay Cosmetics, LLC Fathom Fiduciary Investment Advisors Foley Carrier Services, LLC Freeman Companies Garden of Light DBA Bakery on Main Gerber Scientific, Inc. HABCO Industries LLC Hartford Prints! Health-At-Work iDevices LLC Imagine Studio iNeedHomecareNow.com Infinity Music Hall and Bistro— Hartford Integrated Compliance Solutions Group LLC (ICSGroup) InterCommunity, Inc. IRIS Photography LLC KBE Building Corporation Kelly Freezer and Container Kelser Corporation Keyes Music Therapy, LLC Martinez Couch & Associates, LLC Minuteman Press MRM Group, LLC Naturally Dogs and Cats Oxford Performance Materials, Inc. Patient Advocate for You, LLC The Perfect Promotion The Pita Group Porter21 Scrubs and Stuff LLC Solidus The Riverhouse at Goodspeed Station, Inc. DBA The Society Room of Hartford Turbine Technologies, Inc. Wealth Management Group of North America, LLC West Hartford Fence Wheeler Clinic, Inc. Windsor Marketing Group Xerox Services, Inc. DBA Xerox State Healthcare, LLC Zag Interactive Recognizing the Achievements of the Hartford Region's Privately Held Companies Celebrate the achievements of the Region's privately held companies! The Business Champions Awards, produced through a partnership of the MetroHartford Alliance and Hartford Business Journal, celebrate privately held companies from throughout the Hartford Region. The Awards honor organizations that have demonstrated best practices and significant achievements.

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