Hartford Business Journal

www.HartfordBusiness.com November 28, 2016 • Hartford Business Journal 5 REPORTER'S NOTEBOOK W. Hartford clothier covets Delamar Hotel space One of the Hartford region's oldest cus- tom men's and women's clothiers is eager to swap its curbside West Hartford storefront for what it hopes will be more visible space inside the town's 114-room boutique hotel. Connecticut Custom Clothing Co. is in talks, co-owner Bob DeGemmis says, with owners of the $20 million Delamar West Hart- ford Hotel about occupying ground-floor space when the six-story hotel opens next spring. Connecticut Custom has occupied about 1,000 square feet at 1000 Farmington Ave. in West Hartford Center since relocating in 2005 from space in Glastonbury. The Dela- mar move would mean a smaller home, about 400 square feet, but visibility would be a premium, DeGemmis said. "There will be a few hundred people walking by our store daily,'' said DeGem- mis, whose grandfather, an Italian immi- grant, opened his tailor shop in 1916 in Hart- ford before later settling in Glastonbury. The shop moved to its West Hartford loca- tion about five years ago, said DeGemmis, who also has a satellite clothing store in Shelton. DeGemmis said he is still negotiating with Stamford landlord Charles Mallory, who confirmed that DeGemmis is one of two tenants with whom Mallory is in active negotiations. Mallory declined to identify the other prospective tenant. – Gregory Seay PDS has been meeting the needs of the construction industry since 1965. Our dedicated team of design and construction professionals welcomes the challenge of serving its past and future customers on their most demanding projects. Shiloh Baptist Church | Hartford, Connecticut This project included 10,000 square feet of historical renovations. The exterior renovations consisted of new doors, handrails, roof and repointing. Interior renovations to the 1st and 2nd floor lobby and handicap lift. This job was completed on time and within budget. Project Size: 10,000 SF 107 Old Windsor Road, Bloomfield, CT 06002 (860) 242-8586 | Fax (860) 242-8587 www.pdsec.com DESIGN BUILDERS • GENERAL CONTRACTORS • CONSTRUCTION MANAGERS SPOTLIGHT ON: Religion PDS ENGINEERING & CONSTRUCTION, INC. THINK • PLAN • BUILD CT venture activity continues 2016 slide Venture activity in the state slowed again during the third quarter, mirror- ing a year-long trend in which investment in Connecticut start- ups has lagged signif- icantly behind 2015. Venture capital- ists injected $23.9 million in Connecti- cut companies dur- ing the third quarter of 2016, down from $97.2 million in the year-ago period. Overall, 9 Con- necticut companies received funding dur- ing the July to Septem- ber period, compared to 16 a year earlier, according to the latest MoneyTree report, a joint effort of PricewaterhouseCoopers and the National Venture Capital Association (NVCA), using data from Thomson Reuters. Nationally, venture capitalists invested $10.6 billion in 891 deals in the third quarter of 2016. That investment total was down 32 percent from a year earlier, while deal count was down 11 percent. Through the first three quarters of 2016, total venture capital funding is down 55 per- cent in Connecticut, while there have been 10 fewer deals. East Hartford medical management software provider Actualmeds Corp. scored Greater Hartford's biggest venture deal during the third quarter, raising $1.25 million to expand its operations. Farmington's Cornovus Pharmaceuti- cals Inc. was the only other Greater Hart- ford company to raise money, bringing in $983,000. Most other companies that secured financing were from Fairfield or New Haven counties. Biohaven Pharmaceutical Hold- ing Co. of New Haven recorded the biggest deal, raising $8.4 million. – Greg Bordonaro A rendering of the Delamar Hotel in West Hartford's Blue Back Square, to open in early 2017. R E N D E R I N G | C O N T R I B U T E D Top CT 3Q Venture Deals Company City Amount Biohaven Pharmaceutical Holding Co. New Haven $8,397,000 Epiep Inc. New Haven $4,818,000 Virmedica Inc. Shelton $3,000,000 Sustainable Real Estate Solutions Inc. Trumbull $2,575,000 eBrevia LLC Stamford $1,500,000 Actualmeds Corp. East Hartford $1,250,000 Cadenza Innovation Inc. Oxford $1,230,000 Cornovus Pharmaceuticals Inc. Farmington $983,000 P2 Science Inc. Woodbridge $150,000 S O U R C E : P R I C E W A T E R H O U S E C O O P E R S M O N E Y T R E E R E P O R T , D A T A : T H O M S O N R E U T E R S A s k y o u r d o c t o r w h i c h M R I i s r i g h t f o r y o u D i f f e r e n t M R I s f o r D i f f e r e n t P e o p l e w h e r e y o u r c o m f o r t M A T T E R S Learn more at www.jeffersonradiology.com or call 860.289.3375 to make an appointment

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