Connecticut
Connecticut golf course bought for $1.7M, now listed for $4.4M; redevelopment possible
Five years after snapping up a private Connecticut golf club for less than $2 million, its owners are now aiming for a far bigger return.
Quarry Ridge Golf Course — set among the rolling hills just outside Hartford — has hit the market, with a $4.4 million asking price, according to the commercial real estate site Crexi.com.
According to a story at the Middletown Press, some major renovations were made to the course, which opened as a 9-hole track in 1993. Another nine holes were added five years later.
The private golf course located at 9 Rose Hill Road last sold in early 2021 for $1.7 million to Tim and Patti Vale of Guilford and underwent extensive improvements to the conditions of the course and the renovation of the 7,000 square-foot clubhouse, which includes a golf shop, restaurant and bar, and a banquet facility.
According to the Portland Tax Assessor’s office, which lists the owner as Nexus Golf Properties, the land is currently appraised at $463,500 and the building is appraised at $3,148,800 for a total appraisal of 3,612,300. The property is assessed at $2,528,610.
According to the listing a total of $1.2 million was spent on enhancements, including the clubhouse renovations, air conditioning upgrades; patio construction to host events and banquets, golf course maintenance equipment, golf course enhancements, lighting, signage and improvements to owned home site on adjacent parcel to golf course.
While the listing says the course has reversed its fortunes in terms of cash flow since the new ownership group took over and reinvested in the property, zoning rules would allow for redevelopment, which could lead to single-family homes.
The course, which sits about 25 minutes south of Hartford, was designed by Joe Kelley and Al Zikorus.
Connecticut
Man charged with murder in death of Duxbury, Massachusetts woman in Connecticut home
A man has been arrested for murder in connection with the death of a Duxbury, Massachusetts woman, months after her body was found in a Connecticut home under suspicious circumstances.
This week, the Connecticut Office of the Chief Medical Examiner determined the cause of death for Janina Brooke Murphy to be blunt force injury of head and the manner, homicide.
On Tuesday, Connecticut State Police arrested 28-year-old Cole Werhan of Burlington, Connecticut and charged him with murder.
Brooke Murphy, as she is referred to by her mother, was found at the bottom of a staircase in March inside the Burlington, Connecticut home where she was living. At the time, Connecticut State Police called the 26-year-old’s death suspicious.
“Another detective got on the phone. He said, ‘I want you to know something. Your daughter didn’t just fall down the stairs. She had wounds all over her,’” Brooke’s mother, Beth Murphy, told WBZ.
Murphy said her daughter and Werhan were dating, and she is determined to seek justice. “It’s confirmed, it wasn’t an accident. So that part, really, that’s tough,” Murphy said.
Murphy described her daughter as kind and artistic.
“So many people said she was my best friend. Like, pretty much everybody said Brooke was my best friend. She had a heart of gold,” Murphy said.
Brooke Murphy’s 27th birthday fell on June 17. Connecticut State Police said they are continuing to actively investigate the circumstances surrounding her death.
Werhan was held on a $5,000,000 cash bond and is scheduled to appear in Torrington Superior Court in Connecticut on Wednesday morning.
Connecticut
Merrill Recruits Morgan Stanley Branch Manager for Connecticut Market
Merrill Lynch has hired a veteran Morgan Stanley manager to help oversee branches in Connecticut, western Massachusetts and portions of New York.
Jairzinho “Jazz” Skair joined Merrill as a market manager overseeing offices in Hartford, New Haven, Springfield, Glastonbury, West Hartford, Farmington, Mystic, Guilford, Southbury and Ridgefield, a Merrill spokesperson confirmed. He reports to Central Shoreline Connecticut Market Executive William Cholawa, who returned to the thundering herd in 2024 after around a decade at UBS.
Skair had most recently been a branch manager for Morgan Stanley in Hartford, according to his LinkedIn. He had started his career in the legal department at UBS Wealth Management USA in 1998 and served in a number of finance, sales and management roles, including branch manager in Westport, before joining Morgan Stanley in 2023.
“I had the opportunity to work closely with Jazz during my time at UBS and saw firsthand his passion for coaching, developing people, and driving results,” Cholawa said in a LinkedIn post announcing the hire. “He is a servant leader who believes in being Authentic, Present, and Useful, and those principles are reflected in the way he leads and supports others.”
A Morgan Stanley spokesperson did not immediately return a request for comment.
Merrill and its wirehouse peers have been shuffling and poaching field leaders as they seek to bolster recruiting in an increasingly competitive market.
To that end, Merrill said it had hired two father-son teams with a combined $560 million in client assets. Both joined on June 17.
Roy Savarick and his son, Evan, joined Merrill from Wells Fargo Advisors where they managed around $280 million in assets, according to the Merrill spokesperson. They generated around $2.3 million in annual revenue.
The elder Savarick, a 44-year industry veteran, is based in the firm’s Florida Tropics market led by Jason Edelmann. Evan, who has 12 years of experience, works in New York City from Merrill’s Park Avenue office led by Joe Doonan. They had joined Wells in 2022 from Morgan Stanley, according to BrokerCheck records.
Separately, Brandon K. Pribyl and his sons, Tobey and Bailey, joined Merrill from Baird Private Wealth Management. They had around $280 million in assets and are based in Davenport, Iowa, according to the spokesperson.
The team, which generated around $1.9 million in annual revenue, is part of the Mid Land Market led by Will Cohen. The senior Pribyl had spent the first decade of his career at Merrill. He was not registered between 2009 and 2016 when he joined with Baird, according to BrokerCheck.
(Updated with clarification on the market manager role.)
Connecticut
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