393 Acres, One Dollar, and a 15-Year Vision: Inside the Preston Riverwalk Redevelopment

Posted by Tim Bray on March 5th, 2026

393 Acres, One Dollar, and a 15-Year Vision: Inside the Preston Riverwalk Redevelopment

For decades, one of the largest pieces of undeveloped land in Southeastern Connecticut sat quietly along the Thames River.

If you’ve driven Route 12 in Preston, you’ve likely seen the remnants of the former Norwich State Hospital campus — a massive property filled with empty buildings, overgrown roads, and a history stretching back more than a century.

Today, that same site is slowly transforming into what could become one of the largest redevelopment projects in the region’s history: Preston Riverwalk.

This story isn’t just about development. It’s about environmental cleanup, long-term planning, infrastructure challenges, and the enormous effort…

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Connecticut’s Transfer Act Is Ending — Here’s How It Changes Commercial Real Estate

Posted by Tim Bray on February 3rd, 2026

Connecticut’s Transfer Act Is Changing — What It Means for Commercial Real Estate

For decades, Connecticut’s Transfer Act has been one of the most significant — and often misunderstood — factors shaping commercial real estate transactions. It has delayed deals, added uncertainty, and in some cases stopped otherwise viable transactions from ever getting to the closing table.

That is about to change. Connecticut is officially sunsetting the Transfer Act and replacing it with a fundamentally different framework. This shift will reshape how environmental risk is evaluated, negotiated, and managed in commercial real estate going forward.

A Quick Refresher: How the Transfer Act Worked

Under the Transfer Act, certain commercial and…

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