Guilford Warehouse Sold for $10.76M
The owners of a Guilford warehouse just off Interstate 95 have sold to a major regional charity.
Investor Lending Made Easy
For years, small-time investors could gain the same kind of favorable financing available to buyers who planned to live in their homes. Lately, they’re opting for different types of funding.
First County Bank Looks to the Future
First County Bank recently celebrated its 175th anniversary and the bank remains committed to serving customers in Fairfield County. Now, under a new CEO, it’s looking to its next years ahead.
State Gives $9M to Renovate Founders’ Plaza Tower into Apartments
Gov. Ned Lamont hopped across the river to East Hartford on Wednesday to tout the state’s role in another big real estate development: Renovating the Founders Plaza tower.
Windsor Manufacturing Asset Trades for $13M
The owners of a large industrial building in Windsor have sold to a joint venture after a nearly nine-year hold.
Report: Yale Planning 500K SF, 90K SF Science Buildings
Yale University has taken the wraps off a pair of big, new buildings it hopes to build next to downtown New Haven over the next six years.
M&T Bank Opens Torrington Branch
The 2,400-square-foot freestanding branch features teller assistance, a drive-thru, a walk-up ATM, and private offices for financial consultations.
CT Investor Bets on R&D and Manufacturing Acquisitions in MA
A joint venture including Connecticut-based Hendrie Lane Capital bought a fully leased portfolio in Massachusetts for $43.5 million as part of its strategy to acquire buildings at discounts to replacement cost.
In Some Markets, Existing Homes Compete with New-Builds
If you’re selling your house, you’re not only competing with other sellers. You’re also competing with homebuilders and their buyer incentives and now-comparable prices.
Coworking Operators Find New Growth Avenues in Connecticut
A cold call from an East Hartford hotel developer provided an opportunity for a central Connecticut coworking operator to test a new real estate model for expansion.
A Year After Approvals, Mass Mutual Redevelopment Seeks Plan Tweaks
MB Financial Group is returning to Enfield city officials for permission to add even more units to its 335-unit redevelopment of a former Mass. Mutual office campus.
See CT’s Plans for High-End Reboot of New Haven Union Station
One of New Haven’s major portals to the rest of America, its Amtrak and Metro-North train station, is in line for a huge makeover. Renderings released by Gov. Ned Lamont’s office Monday show what the state hopes to buy with a $15.7 million interior...American Eagle Financial CU Launches Short-Term Lending Product
American Eagle Financial Credit Union has added a new short-term lending product, called “CashPlease,” aimed at helping members get through unexpected expenses.
The Home Building Business Consolidates Behind Japanese Firms
For shoppers in the new-home market, there are still plenty of floor plans to choose from, but not as many builders.
High Mortgage Rates, Low Inventory Strain CT’s Fall Housing Market
While inventory typically rises in the fall, the latest data shows little growth amid economic uncertainty and persistently high mortgage rates.
Revolut Says It’s Excited to Come to CT
After building a customer base in Europe, the fintech landed approval to open a U.S. bank based in Stamford.
Torrington Savings Hires Two Top Execs
Torrington Savings Bank said it’s hired two bankers to top executive positions, the fourth and fifth such additions in the last 18 months.
Citizens Sues Sofi, Claims Worker Poaching ‘Decimated’ CT Business
Citizens Bank has sued online lender SoFi, claiming it “essentially eliminated its market presence” in Connecticut after hiring away several mortgage employees.
Fewer Immigrants and Higher Rates Cut Competition as Sellers Cave
House hunters are soon likely to see less competition in the market due to a sharp drop in immigration that began last year.
M7 Lofts Show Residential Potential for Big Office Footprints
Norwalk’s newest office conversion will test the potential for large 1980s-era office buildings to be repurposed as housing, despite physical constraints that often challenge would-be developers.
