Federal Reserve Likely to Stand Pat On Rates This Week, Deepening the Gulf Between Powell and Trump
The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting.
Lamont Helps Break Ground on Major Upgrade to Waterbury Train Line
It’s part of a larger, $140 million Lamont administration plan to modernize the entire Metro-North Waterbury Branch Line and spur downtown redevelopment.
New Britain Factory-to-Apartments Conversion Opens
State and local dignitaries joined WinnCompanies executives this week to celebrate the opening of an $85 million project that transformed a historic long-vacant manufacturing complex near New Britain’s downtown into 154 units of affordable rental housing.
Two Small CT CUs OK’d to Merge
Skyline Financial Federal Credit Union and Curtis Federal Credit Union announced the successful completion of their merger, effective June 30.
First County Bank Names Two New Corporators
Stamford-based First County Bank welcomed two new corporators to its board earlier this week.
CT Bucks Trend of Flipped Home Profit Decline
Data 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
Consumer 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.
State Announces $18.8M in Remediation Grants for Blighted Properties
The 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
Fairfield County Bank has partnered with Central Connecticut State University (CCSU) and provided a $5,000 donation for the recently announced Banking Excellence Program partnership.
Alcohol Wholesaler Leases 14K SF in East Haven
Wine, 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.
Yale Follows Through On Planned High Street Halt
As 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.
Windsor Warehouse Fetches $25M
The 165,625-square-foot property at 105 Baker Hollow Road was bought by NorthPoint Development.
Senate Passes Bill to Prevent Future ‘Zombie’ Mortgages
An Act Concerning A Study Relating to Banking Issues imposes a 10-year statute of limitations for so-called “zombie mortgages” on one- to four-family dwellings.
Norwalk’s Tallest Building Getting Golf Lounge Venue
As it expands across New York City’s suburbs and exurbs, a national chain of golf-based entertainment venues is planning to open a spot in Norwalk’s tallest building.
Hartford Realtors Name 2025 ‘Good Neighbor’
The Greater Hartford Association of Realtors has named a North Canaan-based Realtor as the recipient of its annual “Good Neighbor Award” for her charitable work to help local veterans.
Lamont Launches $30M CT Homeownership Push
The state of Connecticut is dropping $30 million on a trio of programs to boost homeownership in the state. Gov. Ned Lamont announced the launch of CT Home Funds on Tuesday.
William Pitt Sotheby’s Names New Brokerage Manager
William Pitt Sotheby’s International Realty announced Thursday that it was naming a leader from rival brokerages to head its New Haven-area offices.
Report: Dime Bank CEO to Retire
The long-running CEO of Norwich-based Dime Bank plans to step down this fall.
Report: Penrose Buys Ex-State Office Buildings for Housing
Two former state office buildings could soon become over 100 apartments after a Philadelphia mixed-income housing developer bought them for $1.1 million.
State Funds Nine Housing Developments
State officials recently announced nearly $26.17 million in loans, grants, tax credits and other forms of financing that will help get developments totaling 658 new housing units, 381 of which will be affordable housing.
