Bridgeport Sets Up Rent Control Board
Bridgeport is now the latest Connecticut city to set up a local Fair Rent Commission to adjudicate cases where a tenant objects to a big rent increase.
Downtown Darien Reinvention Passes Midway Mark
In a county with office vacancies nearing 25 percent, a downtown Darien redevelopment offers a compelling argument for the popularity of workplaces located steps from housing, retail and transit.
Manchester Engineer CEO to Head CBIA Board
The CEO of Manchester engineering, planning and design firm Fuss & O’Neill is getting his turn to steer the state’s largest business group.
Yale Drops $140M on New Haven Labs
Yale University has bought a downtown New Haven office-to-lab conversion it’s occupied since the mid-2000s.
New HUD Leader Is Sharing Knowledge, Building Homes
At the federal Department of Housing and Urban Development, Juana Matias is on a mission to make sure knowledge about how to leverage federal affordable housing funds to build a career in housing development knows no color line.
Downtown Norwalk Property Gets $20M Refresh
A $20 million gut renovation project by Norwalk-based Seligson Properties updated a 68-year-old bank building that includes Stamford Health medical offices and a Wells Fargo Bank branch.
New Haven Storefronts Fetch $7M
The two adjoining storefronts sit at 51-55 and 57-61 Broadway, on one of the city’s main retail blocks adjoining the Yale University campus that’s also home to the popular “Shops at Yale.”
CRE Loan Originations Fall 49 Percent as Lending Standards Tighten
A quarterly report released by the Mortgage Bankers Association earlier this month shows that, nationwide, commercial real estate and multifamily loan originations were down 49 percent by volume year-over-year across the country during the late summer and fall.
A Resource for Lifelong Learners in Construction
Founded in 1976 to keep Connecticut’s construction industry competitive through continuing education, The Construction Institute at the University of Hartford is expanding its geographic reach under Nancy Greenwald to keep industry professionals up-to-date.
Westport Retail Property Fetches $3.9M
A retail property along Westport’s Post Road commercial strip has changed hands for $3.9 million.
RMS Seeks OK for Next Big Hartford Development
Developer Randy Salvatore is not yet done with his 1,000-unit Downtown North development in downtown Hartford – recently released from legal purgatory – and he’s already laying the groundwork for a new project.
Torrington Medical Offices Sell for $8.1M
A single-story medical office in Torrington fetched $8.15 million in a recent sale.
Lamont Picks Investor as DECD Head
Gov. Ned Lamont’s office announced that the state’s chief innovation officer, tech investor Daniel O’Keefe, will take over as commissioner of the Connecticut Department of Economic and Community Development.
Fannie Mae Extends Pilot Program that Boosts Credit Scores
Fannie Mae is adding another year to a pilot program that can help landlords boost tenants’ credit scores by reporting on-time rental payments, and making it free for more landlords to join.
Developer Sells 13-Acre Empty Lot Near New Haven Train Station
A Massachusetts developer is shedding a huge parcel of land once occupied by workforce housing near downtown New Haven, and earning $21 million in the process.
Cheshire Industrial Building Sells for $1.6M
An industrial building in Cheshire has sold for $1.6 million.
Nearly Half of CT Office Loans Come Due by 2026
A new report by Yardi-owned commercial real estate data website Commercial Edge says that just under 45 percent of all commercial office debt in Connecticut is coming due by 2026.
Essex Apartments Fetch $2.1M
An apartment complex in Essex has been sold by the family that built the property in the mid-1960s.
There’s Too Much Guesswork in Renting an Airbnb. The Rental Giant Is Trying to Fix That
Airbnb will highlight rental listings that have received top scores from guests, information that the company’s CEO says will help bring hotel-like reliability to booking a house or room on the site.
CEO of Hartford Land Bank Wins Mayor’s Office
Hartford’s new mayor will be Arunan Arulampalam, the 38-year-old CEO of the city’s Land Bank nonprofit.
