Real Estate Acquisitions in Connecticut

An affiliate of Certares Real Estate Management LLC has acquired a majority interest in the Hyatt Regency Greenwich from Trinity Investments. Trinity completed a $35 million renovation while owning the property and will partner with Certares to drive future growth and capitalize on favorable market dynamics in the Fairfield/Westchester region.

Regency Centers Corporation agreed to acquire Urstadt Biddle Properties Inc. in an all-stock merger valued at approximately $1.4 billion including assumed debt and preferred stock. The combined company will create a larger portfolio of grocery-anchored, open-air shopping centers (481 properties, ~56 million sq. ft.), with Regency shareholders owning ~93% and Urstadt Biddle shareholders ~7% of the combined company.

3DX Industries, Inc. (DDDX) completed the $2.0 million acquisition of Homescape LLC, a Connecticut-based diversified holding company, making Homescape a wholly owned subsidiary. The deal adds income-producing real estate, ecommerce assets, and a microcap stock portfolio to 3DX’s balance sheet and is intended to stabilize and increase cash flow.

Action Title Research has acquired Eastland Title Services to expand its title search technology and services into New England. The deal—Action’s first since Strattam Capital’s investment—brings Action’s SmartSearch platform and workflow automation to customers across Connecticut, Rhode Island, Massachusetts, New Hampshire, and Maine.