Habitat For Humanity/Special Olympics Connecticut receives a $5,000 check from the GHAR.
The Greater Hartford Association of Realtors raised $10,000 at its fourth annual charity golf tournament held June 9 at the Shuttle Meadow Country Club in Kensington.
More than 100 golfers, including UConn Women’s Basketball Coach Geno Auriemma, braved extreme heat to raise record-setting funds, which were presented to Special Olympics Connecticut and the Hartford Habitat for Humanity. Each charity received $5,000.
“I am very pleased to have the opportunity to present these two quality organizations with donations made possible by the generosity of our participants and sponsors,” said Jeff Arakelian, president and CEO of GHAR. “It was a great event at a beautiful venue.”
The Greater Hartford Association of Realtors is the largest local real estate trade association in Connecticut, serving 4,300-plus members in the 57 town Greater Hartford real estate brokerage community.
Hartford Apartment Sold
The 270-unit Morgan at the Park apartment complex at 600 Asylum Ave. in Hartford has been sold for $17 million.
The 227,500-square-foot building was sold by Capitol Garden LLC to MATP LLC. Steve Witten and Victor Nolletti of Marcus & Millichap’s National Multi Housing Group in New Haven represented both the buyer and the seller.
The 10-story building consists of 270 studio-, one- and two-bedroom units, with 10,000 square feet of ground-floor retail space.
Foreclosures Down 3 Percent
National foreclosure filings fell 3 percent in June compared to the previous month, according to California-based foreclosure tracking firm RealtyTrac.
The company found foreclosure filings were reported on 252,363 U.S. properties in June, a 53 percent increase from June 2007.
Connecticut ranked 19th on the list of states with the most total foreclosure filings, the report found.
Delinquencies Reach New High
Late payments on U.S. home equity lines of credit rose to a 21-year high in the first quarter of 2008, due to continued stress in the housing market and general weakness in the economy, the American Bankers Association said Wednesday.
Home equity lines that were more than 30 days past due rose to 1.1 percent from 0.96 percent the prior quarter, the highest rate since the ABA began collecting data in 1987.
ABA Chief Economist James Chessen said delinquencies are likely to remain elevated in the near term.
“The tax stimulus is helping to boost personal income, but persistently high gas and food prices will eat away at overall resources,” Chessen said.
