C&I Market Demand Remains Low. Interest Rate Cuts Could Change That

The commercial and industrial market has seen a relative lack of demand but with interest rate cuts, CT bankers say more activity could be on the horizon. 

Rhode Island Investor Acquires 68-Unit Groton Portfolio

A Rhode Island-based real estate investor paid $9.25 million for a portfolio of 68 apartments located at three properties near the General Dynamics Electric Boat shipyard in Groton.

Merger Provides Growth Prospects for Sentry Commercial

A merger with a 50-year-old New Haven County brokerage expands Hartford-based Sentry Commercial’s scope of work in the property management business. Co-founded by Mark Duclos in 1991, Sentry Commercial provides brokerage and advisory, construction management and property management services from a pair of locations in downtown Hartford and Rocky Hill.

Out-of-State Lenders Gain Ground in CT CRE Lending

Commercial real estate lending has proven to be a source of rapid growth for two large out-of-state banks determined to make inroads in Connecticut.