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KeyBank, Webster Finance Hartford Nonprofit Developer’s $45M Expansion

KeyBank, Webster Finance Hartford Nonprofit Developer’s $45M Expansion

by James Sanna | Apr 30, 2025 | Commercial & Industrial, CR Daily, Industry News

A Connecticut nonprofit developer that builds housing for people with intellectual and developmental disabilities national.

Manchester Warehouse Sold to New Jersey Investor

Manchester Warehouse Sold to New Jersey Investor

by Steve Adams | Apr 29, 2025 | Commercial & Industrial, CR Daily, Executive Briefing

A New Jersey real estate investor that specializes in acquisitions of infill industrial properties paid $12 million for a Manchester distribution facility.

Connecticut Given ‘F’ for Housing Production

Connecticut Given ‘F’ for Housing Production

by James Sanna | Apr 29, 2025 | Commercial & Industrial, CR Daily, Industry News

A new analysis by economists at Realtor.com gave Connecticut a failing grade for producing too little housing to meet its needs.

Shoppes at Buckland Hills Trades for $25.8M

Shoppes at Buckland Hills Trades for $25.8M

by James Sanna | Apr 28, 2025 | Commercial & Industrial, CR Daily, Industry News

One of Connecticut’s biggest malls has sold to one of the biggest owners of distressed malls in the state and elsewhere.

CT’s Seasons FCU Rebrands as ‘Ellafi Federal Credit Union’

CT’s Seasons FCU Rebrands as ‘Ellafi Federal Credit Union’

by James Sanna | Apr 28, 2025 | Banking & Lending, CR Daily, Industry News

Middletown-based Seasons Federal Credit Union is shedding its 20-year-old brand in favor of a new one – and a new mission.

Webster Bank Preparing for Possible Recession

Webster Bank Preparing for Possible Recession

by Sam Lattof | Apr 25, 2025 | Banking & Lending, CR Daily, Industry News

Webster Bank executives say the bank is preparing for a potential recession as it strengthened its allowance for loan losses in the first quarter.

Housing Conversions Provide Options for Fairfield County Office Owners

Housing Conversions Provide Options for Fairfield County Office Owners

by Steve Adams | Apr 25, 2025 | Commercial & Industrial, Industry News

Fairfield County’s office sector showed positive indicators in the first quarter as the effects of residential conversions removed out-of-favor inventory from the market.

Stamford Office Building Could Become 60 Apartments

Stamford Office Building Could Become 60 Apartments

by James Sanna | Apr 24, 2025 | Commercial & Industrial, CR Daily, Industry News

An aging office building to the north of Stamford’s downtown core is up for a multifamily conversion amid unrelentingly high office vacancy rates and a county-wide surge in housing-focused redevelopments.

Berkshire Bank Sees Net Income Growth to Start 2025

Berkshire Bank Sees Net Income Growth to Start 2025

by Sam Lattof | Apr 24, 2025 | Banking & Lending, CR Daily, Industry News

Even with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.

459 CT Renters Could Face Eviction if Congress Doesn’t Act

459 CT Renters Could Face Eviction if Congress Doesn’t Act

by The Associated Press | Apr 23, 2025 | Commercial & Industrial, CR Daily, Industry News

A federal program that pays rent for some 60,000 families and individuals fleeing homelessness or domestic violence could end by next year if more funding isn’t made available.

Report: New Haven Biotech Tower on Hold, Thanks to Trump

Report: New Haven Biotech Tower on Hold, Thanks to Trump

by James Sanna | Apr 23, 2025 | Commercial & Industrial, CR Daily, Industry News

What was supposed to be New Haven’s next big life science real estate development and a major landmark at a gateway to the city is suddenly going nowhere, fast.

Meriden Multifamily Trades for $8.6M

Meriden Multifamily Trades for $8.6M

by James Sanna | Apr 22, 2025 | Commercial & Industrial, CR Daily, Industry News

A medium-sized apartment building in downtown Meriden has changed hands at a slight discount from its last sale.

Hartford Realtors Name 2025 ‘Good Neighbor’

Hartford Realtors Name 2025 ‘Good Neighbor’

by The Commercial Record | Apr 22, 2025 | CR Daily, Industry News, Residential Real Estate

The Greater Hartford Association of Realtors has named a North Canaan-based Realtor as the recipient of its annual “Good Neighbor Award” for her charitable work to help local veterans.

As Spring Housing Market Opens, Optimism Despite Economic Jitters

As Spring Housing Market Opens, Optimism Despite Economic Jitters

by Sam Lattof | Apr 18, 2025 | CR Daily, Industry News, Residential Real Estate

Tariff fears might be overshadowing the start of this year’s spring homebuying season, but demand will remain high in Connecticut due to a lack of inventory, market-watchers say.

Stonington Village Gets $41.5M Financing for Housing

Stonington Village Gets $41.5M Financing for Housing

by Steve Adams | Apr 18, 2025 | Commercial & Industrial, CR Daily, Executive Briefing

A Stonington mixed-use development will add 160 multifamily units after receiving $41.5 million in financing from Liberty Bank.

Redfin Joins Zillow in Not Featuring Delayed Listings

Redfin Joins Zillow in Not Featuring Delayed Listings

by Sam Lattof | Apr 15, 2025 | CR Daily, Industry News, Residential Real Estate

Now, two of the big four listing portals say they won’t feature delayed marketing listings under changes to NAR’s pocket listings policy.

Liberty Bank Lands Deal as ‘Official Bank’ of Hartford Yard Goats

Liberty Bank Lands Deal as ‘Official Bank’ of Hartford Yard Goats

by James Sanna | Apr 15, 2025 | Banking & Lending, CR Daily, Industry News

Middletown-based Liberty Bank now has a big, new marketing platform: the 6,121-seat Dunkin’ Park next to downtown Hartford.

JLL: Apartments Planned for Norwalk Office Building

JLL: Apartments Planned for Norwalk Office Building

by James Sanna | Apr 14, 2025 | Commercial & Industrial, CR Daily, Industry News

Commercial brokerage JLL claims a mostly-empty Norwalk office building is headed for a multifamily conversion.

M&T Ups Ratio of Money Set Aside for Troubled Loans

M&T Ups Ratio of Money Set Aside for Troubled Loans

by Sam Lattof | Apr 14, 2025 | Banking & Lending, CR Daily, Industry News

The bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.

JPMorgan Nearly Doubles Provision for Loan Losses

JPMorgan Nearly Doubles Provision for Loan Losses

by The Associated Press | Apr 11, 2025 | Banking & Lending, CR Daily, Industry News

JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.

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