New Haven Apartments Trade for Over $6M
A New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
Downtown Stamford Apartments Sell for $221M
A large downtown Stamford apartment complex has been sold to a New York City investor and property manager.
Price Gap Between New, Existing Homes Narrows
The price gap between new and existing houses has been falling in recent years, but buyers are still likely to pay 15 percent more for new construction.
Making Housing Development ‘Palatable’ Through Preservation
Former factories, schools and office buildings across Connecticut are being revitalized as residences by Pennrose under the leadership of Karmen Cheung, its New England regional vice president.
Downtown Greenwich Property Trades for $10.7M
A 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
Patriot Bank OCC Enforcement Actions End
Patriot Bank is now free from enforcement actions initiated by The Office of the Comptroller of the Currency and says it wants to grow its assets by around $700 million.
Collapsed New London Church Being Replaced by Apartments
A downtown New London church whose steeple collapsed spectacularly in early 2024 has been demolished, and its replacement is getting ready for construction.
These Amenities May Find a Home
Concierge-like services that ease the demands of everyday life will allow homeowners to tend to other priorities.
What Powered Connecticut’s Top LOs?
Every year, the Commercial Record analyzes mortgage data to identify the state’s top loan originators. In a tough market, what helped them beat their competitors? One bank’s experience offers clues.
CT Luxury Home Prices Pricing Outperforming Non-Luxury Homes
Luxury homes are seeing prices increase at a greater rate than non-luxury homes across the country, according to a new report from Redfin. The Connecticut luxury market is showing similar trends.
What the Supreme Court’s Ruling Means for Federal Reserve Independence
The Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics. But the court didn’t define to what extent.
Investor Pays $42M for Avon Apartments
A three-building apartment complex in Avon has changed hands, from a Waterbury-based firm to an East Hartford-based investor.
Connecticut Cracks Down on Investor Homebuyer Strategy
Investors who buy a property and then find a new homebuyer before the initial deal is completed are now required to register with the state of Connecticut.
Real Estate Has Lost Its Way. We Must Return to Our North Star
The industry keeps fighting over platforms and policies while agents struggle to do more transactions. And everyone is overlooking hundreds of thousands of potential buyers and sellers.
Big Windsor Office Complex Sells for Pennies on the Dollar
A 73-acre office property in Windsor has traded hands for around 5 percent of its last sale price two decades ago.
HUD Grants $10.7M for Housing Improvements
The CT Department of Housing is awarding $10.7 million in grants to five municipalities for infrastructure improvements to support low and moderate-income residents.
Patriot Bank Expands Into Florida
Stamford-based Patriot Bank is heading south. The bank is opening a branch in Palm Beach, Florida.
Warsh’s Gamble: A Quieter Federal Reserve Could Mean Volatile Markets, Higher Rates
Like many economists, Kevin Warsh thinks the financial markets have become too dependent on Fed guidance, and that such direction is more effective in financial crises or economic downturns.
Danbury Hotel Sold for $12M
The Holiday Inn Express & Suites in Danbury recently sold for just over $12 million.
Liberty Bank Creates ‘AI Center of Excellence’
Liberty Bank is enhancing its investment in artificial intelligence with a new project dubbed the “AI Center of Excellence.” It will serve as the hub for AI strategy, governance and execution across Liberty Bank’s personal, commercial and digital banking operations.
