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.
Lamont Pitches Real Estate Changes to Protect Against Floods
With severe weather becoming a much bigger risk in Connecticut, Gov. Ned Lamont announced he’s proposing legislative changes to adapt the state’s real estate markets and planning practices.
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.
Patriot Bank Designated as ‘Troubled’ by Regulators
Stamford-based Patriot Bank has to file a strategic plan with federal bank regulators and submit to extra oversight after being designated as “troubled” by the Office of the Comptroller of the Currency.
Trump Holding Off on Tariffs, Aiming to Cut Energy Prices First
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the U.S. economy as he promised.
Mystic Ex-Bookstore Sells for $2.95M
A landmark building in downtown Mystic has traded hands for nearly $3 million in a transaction that will help a 127-year-old family business find a location for its expansion.
After Death or Divorce, What Happens to the House?
When a family member passes away, their loved ones sometimes become homeowners unexpectedly. In these situations, servicers are supposed to help, but some just steer borrowers into costly refinances.
Bringing a Small Lender into the Future
In the midst of consolidation and bigger banks eating up small institutions, Charlyn Tanner is looking to help Dutch Point Credit Union keep up with the times.
CT Regulator Sanctions CashApp Service Block Inc.
The Connecticut Department of Banking and financial regulators in 48 other states have jointly levied an $80 million fine on the peer-to-peer payments company CashApp and its Block Inc. mobile payments service.
Home Remodeling Activity Expected to Tick Upwards in 2025
With a stronger economy, among other things, boosting consumer confidence, the outlook for home remodeling activity appears to be improving.
Lender Seeks Receiver Appointed for Troubled Hartford Tower
After losing its anchor tenant in 2023, the troubled CityPlace I tower in downtown Hartford could be headed for another storm.
Earnings Show Megabanks Thrived in Final Quarter of 2024
JPMorgan’s net income soared 50 percent, and other major banks reported banner earnings for the year.
Typical CT Starter Home Cost Surges 48 Percent
The income required to afford a starter home across the nation has risen significantly since 2019.
Manchester Shopping Center Trades for $67.5M
New York City investor Brixmor Property Group says it bought Manchester’s Plaza at Buckland Hills for over twice its appraised value.
Fed Officials Now Expect Slower Pace of Rate Cuts Ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
Ex-BHHS CRE Team Joins Century 21 in Wethersfield
A 10-agent team has jumped from one brokerage brand to another in central Connecticut.
Tong Joins Feds in Suing RealPage, Six Major Landlords
The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their competitors to boost profits.
New CT Realtors President Takes the Reins
Steven Miller, a Realtor in Coldwell Banker’s North Haven office, has begun his one-year term as the 2025 president of CT Realtors.
Southern New England Metros Outpace Boston in Zillow’s Hottest Markets of 2025
While Greater Boston jumped 10 spots in Zillow’s hottest markets rankings compared to 2024, the market was still outpaced by the likes of Hartford and Providence, Rhode Island.
North Haven Offices Could Become Apartments After Sale
The new owners of an office building near North Haven’s town green are eyeing a residential conversion, according to the brokerage in the sale.
