The New Haven Board of Zoning Appeals earlier this week heard a proposal to tear down a vacant building on Orchard Street to make way for affordable housing.
The fourth quarter earnings calls of regional banks with branches in Connecticut revealed an increasing share of troubled office loans, a trend that may continue in the next few quarters.
Connecticut just recorded its highest level of housing permits in a single year since 2015. Despite the rising costs of financing and construction, developers say the multifamily market fundamentals continue to make urban core projects feasible.
Lending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
Federal antitrust prosecutors have asked the judge overseeing another major agent commission lawsuit to reject a proposed settlement in the case, arguing instead that buyers should be the only ones to pay their agents’ commissions.
Zillow predicts another hot spring market this year, as well-priced homes are selling quickly and overpriced homes are seeing price cuts.
The real estate community has long complained about appraisals that lagged the market, but the report from the FHFA documents that their gripes are valid: Undervaluations spiked to 15 percent in 2021.
M&T Bank’s charitable foundation has now distributed 80 percent of the bank’s $25 million Amplify Fund to 173 nonprofits in its New England markets, most of them in Connecticut.