136K SF of Medical Office Space Trades in Hamden
Two medical office buildings totaling approximately 136,000 square feet of medical office space were sold to a large medical real estate investment trust.
Fed Should Focus on Fighting Low Inflation, Top Official Says
A top Federal Reserve official believes that the U.S. central bank needs to re-orient its thinking and policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high.
MerrittView Snags 12K SF HR Tenant
OperationsInc, one of the nation’s largest human resources outsourcing and consulting firms, is relocating its headquarters to an office building next to the Merritt 7 development from elsewhere in Norwalk.
Rents Drop in New Haven from Q3 to Q4
The average effective rent in and around New Haven dropped between the third and fourth quarters of 2019, while Fairfield County continued to see the highest apartment vacancy rate in the entire state.
Half of America Thinks Fourth Quarter A Good Time to Buy Homes
More than half of Americans recently polled believe that now is a good time to make a home purchase, according to the latest findings from the National Association of Realtors.
Most Small Businesses Expect to Hire in 2020, Survey Finds
About three-quarters of U.S. small and midsize companies are optimistic about their own performance, and the majority expect to grow sales this year, according to the annual JPMorgan Chase Business Leaders Outlook released this week.
Jane Hinkel Elected Litchfield Bancorp Chairman
Jane Hinkel has been elected chairman of Litchfield Bancorp’s board of directors, replacing Donald Mayland, who is retiring from Litchfield Bancorp’s board of directors after 41 years.
CT Single-Family Home, Condominium Sales Rise in November
The total number of sales for both single-family homes and condominiums increased across Connecticut in November, according to the latest report from The Warren Group, publisher of The Commercial Record.
New Haven Landmark Sold, Boutique Hotel Planned
After serving as nothing more than an architecturally significant billboard for the neighboring IKEA store, New Haven’s Pirelli Building has been sold to a developer who plans to renovate it into a boutique hotel.
Connecticut Man Pleads Guilty to Threatening Credit Union, Others
A Connecticut man who made threats against multiple people and organizations, including a credit union in Bristol, pleaded guilty in federal court to several charges related to these threats.
Report: Life of Crumbling Foundations Insurer Could Be Extended
The Connecticut Foundation Solutions Indemnity Co., or CFSIC, may be about to get an infusion of cash from the state, but its future beyond 2022 remains uncertain.
Survey: US Companies Added 202,000 Jobs in December
U.S. companies added 202,000 jobs in December, led by robust hiring in construction, trade, transportation and utilities, according to a private survey.
Macy’s Plans to Close Westfield Meriden Anchor Store
One of the Westfield Meriden Mall’s anchor stores will soon close.
West Hartford Furniture Showroom Next to Transit Station Closing
A large furniture showroom located next to a West Hartford CTFastrak station is closing, potentially opening the door to redevelopment.
East Haven Light Industrial Building Sells
An East Haven light industrial building has sold to a buyer who plans to use it for his HVAC business.
Nation’s Premier Tech Show Pitches Homes Filled with Surveillance Gadgets
From the face scanner that will check in some attendees to the cameras-everywhere array of digital products, the CES gadget show is all-in on surveillance technology – whether it calls it that or not.
Pier 1 Imports to Close Half of Stores as Sales Falter
Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online.
Bones Found During Ridgefield Home Renovation to Be Tested
A university laboratory began tests Friday on skeletal remains found beneath an 18th century home in the hopes of identifying the three people believed to be soldiers killed during the Revolutionary War.
Biomedical Firm Takes 12K SF in Branford
Another biotech firm has relocated to Branford. Farmington-based Azitra Inc. will be moving to a new, 12,030-square-foot location at 21 Business Park Drive in February
Report: New Haven Coliseum Project Could Seek Approvals in Fall
Downtown New Haven’s most anticipated commercial development could come up for official review as early as the fall of this year.
