Industry News
Developer Wants to Turn Trumbull Offices into Senior Housing
By James Sanna | June 24, 2025 | Reprints | Unlock LinkA 43,870-square foot building at the back of a Trumbull office park could get a new neighbor in the form of senior housing.
New Haven OK Plan to Swap Hotel Plan for Apartments
By James Sanna | June 23, 2025 | Reprints | Unlock LinkA long-gestating proposal to turn a New Haven hotel near Interstate 95 into housing has finally received city approval.
First County Bank Names Two New Corporators
June 20, 2025 | Reprints | Unlock LinkStamford-based First County Bank welcomed two new corporators to its board earlier this week.
Hyper-Local Approach Drives Brokerage Strategy
By Steve Adams | Commercial Record Staff | June 19, 2025 | Reprints | Unlock LinkWill Suarez spent the bulk of his career in advertising and sales before making the move into commercial real estate in 2012. Now a principal at Avison Young’s Fairfield County office, Suarez puts his powers of persuasion to work expanding the brokerage’s local investment sales volume.
Hartford Architects Name New President
By Steve Adams | Commercial Record Staff | June 18, 2025 | Reprints | Unlock LinkA Hartford architecture firm that specializes in hospitality, civic and education projects announced a leadership transition including the appointment of a new president.
CT Bucks Trend of Flipped Home Profit Decline
June 18, 2025 | Reprints | Unlock LinkData analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.
Consumer Sentiment Rises for 1st Time This Year as Inflation Remains Tame
By Christopher Rugaber | The Associated Press | June 17, 2025 | Reprints | Unlock LinkConsumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.
Inventory Growth Leads to Increased Price Cuts
By Sam Minton | June 16, 2025 | Reprints | Unlock LinkWhile the residential real estate market has largely been tipped in the favor of home sellers, increased inventory is leading to more price cuts.
New Haven Architects’ Design Recognized for Sustainability
By Steve Adams | Commercial Record Staff | June 16, 2025 | Reprints | Unlock LinkAn industry organization that promotes the use of mass timber building materials recognized New Haven-based architect Pickard Chilton’s work on a new office building that’s preleased to a major utility company.
State Announces $18.8M in Remediation Grants for Blighted Properties
June 13, 2025 | Reprints | Unlock LinkThe state is providing $18.8 million in grants for 23 properties in 19 towns to help cover the cost of cleaning up the properties so they can be redeveloped.
Fairfield County Bank Donates $5K to CCSU Banking Excellence Program
June 13, 2025 | Reprints | Unlock LinkFairfield County Bank has partnered with Central Connecticut State University (CCSU) and provided a $5,000 donation for the recently announced Banking Excellence Program partnership.
Ellafi Goes All In for Women
By Sam Minton | June 12, 2025 | Reprints | Unlock LinkWhile looking for a niche and need to fill, the former Seasons FCU zeroed in on a historically underserved population – women. Market research and survey responses made it clear that while women are often in charge of finances and financial decisions, they aren’t comfortable with the responsibility. And thus was born Ellafi FCU, with a mission to create economic resilience and empower women to achieve financial independence.
Fairfield County Office Availability Rate Drops
By Steve Adams | Commercial Record Staff | June 11, 2025 | Reprints | Unlock LinkVacancies for high-end office space in Fairfield County continued to decline this year, but still exceed the more affordable tiers of the market.
Former Stamford Grocery Store Lands Fitness Club Tenant
By Steve Adams | Commercial Record Staff | June 11, 2025 | Reprints | Unlock LinkThe new owners of a former grocery store property in Stamford’s South End landed a high-end fitness club as an anchor tenant.
Investor Selling Activity Stays Flat in New England
By Sam Minton | June 10, 2025 | Reprints | Unlock LinkWhile investors aren’t purchasing as many single-family homes compared to prior years, they are selling more of these properties.
Alcohol Wholesaler Leases 14K SF in East Haven
June 9, 2025 | Reprints | Unlock LinkWine, beer and liquor wholesaler Murphy Distributors continues to expand its statewide operations with the lease of a 14,000-square-foot building in East Haven.
HELOC Lending Increases in Hartford in Q1
By Sam Minton | June 9, 2025 | Reprints | Unlock LinkHELOC lending increased 14 percent in the first quarter of the year in the greater Hartford region.
Yale Follows Through On Planned High Street Halt
June 6, 2025 | Reprints | Unlock LinkAs it said it would do earlier this year, Yale has paused its planned conversion of High Street between Elm and Chapel streets into a car-free plaza. The university told the city in February that it would postpone the project as it geared up for funding cuts from the Trump Administration.
U.S. Home Inventory Passes 1M While New England Sees Gains
By Sam Minton | June 5, 2025 | Reprints | Unlock LinkConnecticut’s prospective homebuyers have more choice than ever in where they put offers in, as unsold listings pile up across the country.
Enfield Preps Commercial Properties for Next Act
By Steve Adams | Commercial Record Staff | June 5, 2025 | Reprints | Unlock LinkHousehold names including Lego Group and MassMutual used to call Enfield home, occupying large corporate office parks. To get their town back into growth mode, officials are updating land-use rules and trying to restore developers’ confidence.
