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www.HartfordBusiness.com January 23, 2017 • Hartford Business Journal 7 MANUFACTURING Specialized Kaman aircraft prepped for flight Bloomfield-based Kaman Aerosystems has received its first K-MAX airframe from a reopened production line in Jackson- ville, Fla., and will assemble, test and certify it in Connecticut. The company said last week its single-engine, single-seat K-MAX is a rugged, low-maintenance aircraft used to carry ex- ternal loads. Delivery of the finished aircraft to customers Ka- man did not name is scheduled for the second quarter of 2017. Drake Klotzman, air vehicles and MRO division general manager, called the progress a "milestone" for the program. "Our experienced employees are working diligently to com- plete the first aircraft in order to have deliveries to custom- ers begin this spring with multiple deliveries to follow during 2017," he said. WHAT'S AHEAD: ■ 1/30 Focus: Advertising, Media & Marketing ■ The List: Largest News Media Organizations ■ Nonprofit Profile: The Village for Families and Children CALENDAR WEDNESDAY, FEB. 1 Global Economic Outlook The World Affairs Council of Connecticut is hosting its annual global economic outlook Feb. 1 at Max Downtown, 185 Asylum St., Hartford. The event, which runs from 11:30 a.m. to 1:30 p.m., will feature analysis and discussion with Connecticut-based expert Edward Guay, principal at Wintonbury Risk Management and global macrostrategist. Guay will provide key insights on how to navigate the unpredictable economic landscape we're poised to enter in 2017. Cost to attend is $35 for members; $45 for nonmembers. For more information or to register go to: http://www.ctwac.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 ' C A L E N D A R . ' 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 . Edward Guay WHITTLESEY & HADLEY, P.C. What's next for your organization? Whittlesey and Hadley is a nationally recognized accounting firm rooted in Connecticut and Massachusetts. Since 1961, we have been providing our clients with audit, tax and business advisory services. Our clients achieve their goals because we deliver unparalleled service and support. We're here to help. • Tax & Audit Services • Strategic Planning • Litigation Support • Internal Controls • Succession Planning • Technology Consulting Contact us today. 860-522-3111 HARTFORD | HAMDEN | HOLYOKE www.whcpa.com REAL ESTATE Area home sales, prices rose in '16 The Hartford region's single-family housing market ended 2016 on a mild note but 12-month sales and prices were better than a year earlier, Realtors say. December one-family home sales were flat, with 945 units closed vs. 944 closed the same month in 2015, the Greater Hartford Association of Realtors said last week. For all of 2016, house sales rose 11.2 percent to 11,971 units vs. 10,765 units sold in 2015. The median home sale price in the final month of 2016 rose 2.65 percent, to $215,000 vs. $209,450 in Dec. 2015. Full year, median house prices rose 4.25 percent, to $221,000 vs. $212,000 a year earlier, GHAR said. "Overall, this past year has been a strong housing market in Greater Hartford with a steady rise in sales and prices," GHAR CEO Jeff Arakelian. "Hopefully inventory catches up for both buyers and sellers to take advantage of the future spring market." Units in Windsor's Rivers Bend bring $44.5M A large block of living units in Windsor's Rivers Bend multifam- ily community has sold for $44.5 million, brokers say. Rivers Bend Acquisition LLC closed just before Christmas on 373 units — 82 one-bedrooms, 291 two-bedrooms averaging 994 square feet — of the 432-condo complex at 1 Phaeton St. GPT-Windsor LLC was the seller, seller's broker CBRE/New Eng- land and the Windsor Town Clerk's office said. CBRE said it also assisted the buyer in obtaining purchase financing. Built in 1971, Rivers Bend is comprised of 33 two-story gar- den-style buildings, a pool, and a fitness center. The first K-MAX airframe produced by Kaman Aerospace is shown being painted at the company's plant in Bloomfield. Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Dupont Storage Systems, Bristol, CT | 2009 | 32,500 sq. ft., 46' tall 2012 | Addition — 15,300 sq. ft. Contact us at 860-482-7613 or visit us on the web. P H O T O | C O N T R I B U T E D