According to Christopher Nicotra in an article in the New Haven Register, prospects are looking up in the New Haven real estate market. “Confidence has resumed in the marketplace and tenants are expanding, taking additional space in buildings when available, and new start-up ventures are looking for space,” he said.
Christopher S. Nicotra, Managing Member of Olympia Properties, LLC has been elected as Chairman of the Commercial Investment Division, commonly known as CID, of the Greater New Haven Board of Realtors. The organization has been around since the late 1960’s. Membership includes those people whom make their living buying, selling, leasing, investing in and developing… Continue reading CHRISTOPHER NICOTRA ELECTED CHAIRMAN OF COMMERCIAL INVESTMENT DIVISION
An article in the New Haven Register reported that the city’s vacancy rate among office space was holding at 11.5 percent last quarter, up from 10.6 percent in the third quarter of 2009. Olympia Properties’ Christopher Nicotra said that banks are starting to lend money again after a long period of stricter policies brought about… Continue reading NEW HAVEN’S OFFICE VACANCY RATE AT 11.5%
According to a recent article in Business New Haven, Developers and tenants are excited for the arrival of the 360 State Street project, a “32-story, mixed-use ‘green’ development” that is part of a larger downtown revival. Olympia Properties’ Christopher Nicotra was featured in the article, commenting on the success of several buildings in the area,… Continue reading 360 STATE STREET PROJECT REVITALIZES DOWNTOWN
John DeStefano, Jr., the Mayor of New Haven, has appointed Olympia Properties’ Christopher Nicotra to serve on the Workforce Alliance Board. Since 1983, the Board has administered a variety of employment and training initiatives that prepare individuals for jobs and that assist employers with training and employee transition.
Office vancany rates dipped over 10 percent in New Haven as rents rose steadily, according to a May 2010 article in the New Haven Register. Olympia Properties’ Chris Nicotra is quoted noting that the increase in office rents has led some tenants to opt for retail spaces.
Despite continuing shakiness in the region’s economy, the city’s office real estate market continues to remain stable, according to new data from Colliers Dow & Condon. Chistopher Nicotra was quoted in anApril 2010 article in the New Haven Register that covered the report.