Zillow Data: Off-Market Listings Fared Worse in Diverse Neighborhoods
Off-MLS listings appear to generate lower sale prices than publicly listed ones in majority-minority neighborhoods, according to new research from Zillow.
200K SF Warehouse Pitched in South Windsor
An LLC registered to a Florida residential address wants to build another large warehouse in South Windsor.
Builder Finding Fertile Growth Territory in CT
Mutifamily housing developers are gravitating to the suburbs in search of sites that offer lower acquisition and construction costs than urban cores. It’s a fertile growth opportunity for Callahan Construction.
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.
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.
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.
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.
Ex-BHHS CRE Team Joins Century 21 in Wethersfield
A 10-agent team has jumped from one brokerage brand to another in central Connecticut.
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.
Top Fed Bank Regulator Barr, Under Fire from GOP, to Resign
The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.
Value-Seekers Drove 2024’s Retail Trends and Dead Ends
Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Here are some of the trends – and dead ends – that The Associated Press tracked in 2024.
Report: New Haven Borrowers Paying More for Insurance and Taxes than Home’s Cost
A new analysis of data found that New Haven homeowners are among the most burdened by tax and insurance payments in the country.
Survey: Small Biz More Optimistic About Economy After Election
A recent survey shows small business owners are feeling more optimistic about the economy following the election.
Ex-Webster Bank General Counsel Guilty in $7.4M Scheme
The former general counsel of Stamford-based Webster Bank pleaded guilty in federal court Friday to charges he embezzled millions of dollars from several banks in Connecticut and New York.
New Haven Apartments Trade for $10.25M
A New Haven apartment complex has sold to a local investor for $10.25 million.
J.D. Power: Trust in Megabanks Rises, Challenging Smaller Competitors
American bank customers’ trust in national banks has grown, providing yet another challenge for local and regional banks looking to acquire new customers and deposits.
Four CT Cities Make List of 2024’s Top Markets
According to a new ranking by listings portal Zillow, Connecticut has four of nation’s 10 most-trafficked local housing markets of 2024.
