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www.HartfordBusiness.com October 19, 2015 • Hartford Business Journal 9 if the federal government allowed it. Despite her grumbles about timing, Goth- ers said the general reaction from her cli- ents (largely companies with 200 and fewer employees) was a sigh of relief that they could be avoiding higher costs. But like others, she said the impacts of the expansion were unpredictable, as are the impacts of the delay. "I think the magic question was: Would this expanded definition be a good thing or a bad thing for clients?" she said. "I'm not willing to say it would have been completely bad and I'm not willing to say it would be completely good." Premium increases for small-group plans approved by the Insurance Department for 2016 were smaller than they were a year ago. The insurance department actually reduced many of the requested increases. Rates approved for small-group plans offered by Aetna, Connecticare, Harvard Pilgrim Health Care and HealthyCT, prior to PACE being passed by Congress, ranged from a 5 percent decrease to a 10 percent rate hike. But Gothers said the impact of the expan- sion delay could reveal itself over the next sev- eral years, assuming it lasts that long. n Hartford's Lafayette Arms apts. sell for $6.9M T he 136-unit Lafayette Arms apart- ments in Hartford have sold for $6.9 million after drawing multiple bid- ders, brokers say. New York City-based Brickpoint Capi- tal LLC's Premier Properties West affili- ate bought the 47-year-old property at 194 Lafayette St. in September from Lafayette Arms Apartments LLC, according to bro- kers CBRE/New England and Hartford commercial listing broker Chozick Realty. CBRE/New England's Boston office said its Multifamily Debt & Structured Finance Group secured $5.52 million in financing for the deal. According to Chozick Realty, the seller in 1996 acquired Lafayette Arms' mix of 123 one-bedroom, 10 two-bedroom and three three-bedroom apartments. The complex has been improved in recent years with energy-efficient lighting, windows, roof and a central gas-fired heat- ing system, brokers said. There is onsite, gated parking for 91 vehicles. The property is located one block from the Hartford Hospital campus, and bro- kers say it has maintained consistently high occupancy. $350K Newington sale A downtown Newington building sold recently for $350,000 to a buyer who will house the newest branch of its physical- therapy and sports medicine practice there. Edge Lea Holdings LLC bought the 4,500-square-foot building at 64 Market Square from SAFD LLC, according to sole broker Reno Properties Group LLC. The owner plans to make major reno- vations to the site before opening its 16th Connecticut Physical Therapy & Sports Medicine center there, brokers said. Ryan Ryan lease Stamford law firm Ryan Ryan Deluca LLP (RRD) has taken 8,056 square feet in down- town Hartford's CityPlace II, relocating law offices from temporary space in Windsor. The civil litigator specializing in insur- ance expanded its footprint into the Hartford region last March, with six attorneys housed in the Regus Business Center in Windsor, in which subscribers lease temp office space. RRD relocated its 11 attorneys and sup- port staff to the sixth floor of CityPlace II, 185 Asylum St., on Oct. 1. Plans are to add more staff soon, the firm said. Steve Malitz is lead partner in RRD's Hartford office. The downtown tower's owner/landlord is CityPlace II LLC. Middletown leases Middletown broker Trevor Davis Commercial Real Estate LLC was involved in four lease deals in the Middletown Busi- ness Park, 430-468 Smith St., with landlord BostonMiddletown LLC: New Tech Instal- lation leased 3,171 square feet; the state Department of Administrative Services on behalf of the Department of Rehabilitation Services signed for 1,340 square feet; UBTS took 583 square feet; and A&B Home Health Care leased 411 square feet. Those four leases raised the business park's occupancy to 85 percent, broker- owner Trevor Davis said. n Deal Watch wants to hear from you. E-mail deal information to: gseay@Hart- fordBusiness.com. Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay DEAL WATCH RECYCLING & RUBBISH REMOVAL Paines_Logo_2x3 12/16/10 10:58 AM Page 1 BECAUSE SERVICE MATTERS PAINES_logo_BSM.indd 1 4/26/13 2:35 PM Paine's continues to pave the way for innovative and clean energy consumption with their new fleet of compressed natural gas vehicles. With the help of capital financing through Simsbury Bank, it was made possible. As a charter customer since 1995, Paine's and Simsbury Bank have worked together to improve our communities by pioneering customer-friendly solutions. Paine's is leading the to a greater tomorrow and we've got their back. SimsburyBank.com "Because of the competitive rate Simsbury Bank offered, we were able to finance our new trucks and still have capital left over to cover driver training and education, retrofits for our garages and initial maintenance costs." – Mike Paine Lafayette Arms, 194 Washington St., Hartford P H O T O | C O N T R I B U T E D Last-minute Shift