One Mortgage Banker’s Plan to Fix the Housing Crisis
To Mark Milam, a mortgage banker and loan originator in Atlanta, many current proposals are like “swallowing an aspirin next year for a headache you have now.”
A Step Towards Being a Statewide Bank
Guilford Savings Bank and Eastern Connecticut Savings Bank are set to merge in the second quarter of next year. With incoming CEO Kyle Eagleson at the helm, it’s intended to be GSB’s first step in an eventual statewide expansion.
Connecticut Among Highest Foreclosure Rates in Nation
Connecticut has some of the highest foreclosure rates in the nation, according to a new report from real estate data firm ATTOM.
Overdraft Fee Rule Finalized, But Future Uncertain
President Joe Biden had called the fees, which can be as high as $35, “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place.
Vacant Firehouse Eyed for Multifamily Redevelopment
A former firehouse in New Haven’s student-oriented East Rock neighborhood could become the basis for an apartment building under plans filed with the city’s Board of Zoning Appeal.
Mortgage Refi Activity Flat Amid Rate Drops
Amid rate drops in the fall, mortgage refinance activity in Connecticut stayed flat despite notable jumps nationwide.
East Haven Asset Earns $7.1M in Sale
Commercial real estate brokerage Marcus & Millichap announced the $7.1 million sale of an East Haven industrial asset.
Jewett City Savings Gives $40K to First Responders
Jewett City Savings Bank announced its latest round of grants to Eastern Connecticut emergency services units. The bank gave $40,000 to several dozen fire and EMS departments or volunteer companies, it said. “Our first responders dedicate their time and put their...
State Brownfields Redevelopment Grants Aim to Unlock $530M in Private Investments
State brownfields grants for 21 blighted properties in 18 municipalities across Connecticut worth $20 million will help build nearly 1,400 homes, Gov. Ned Lamont’s office said Wednesday.
Zillow: Empty-Nest Homes Won’t Solve CT Housing Issues
As struggles with a lack of supply and rising prices continue, empty-nest homes won’t solve these issues, a new report argues.
Connecticut’s Top Home Sales: Nov. 16-23
The five most expensive recent single-family and condominium sales in Connecticut.
Are People Losing Interest in Second Homes?
Are people losing interest in second homes? It appears so, according to the National Association of Home Builders, using the latest Census Bureau data.
A Seamless Transition for Apartment Industry Vet
After starting her career at one of the nation’s largest apartment landlords and helping lead Connecticut’s apartment owners group, Kelly Kilham joined Simon Konover Co. in July as the West Hartford developer charts a multifamily expansion.
Stamford Medical Offices Trade for $19.1M
The 15-year owner of a fully-leased Stamford medical office building sold the property for $19.1 million to a joint venture of Sendero Capital and TPG Angelo Gordon.
Top Fed Official Says December Rate Cut Depends on Data
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
38 Apartments Planned for Waterbury Newspaper Building
The iconic headquarters of the Waterbury Republican-American newspaper could become the new home of 38 iconic apartments.
Key Bank Promotes Wealth Advisor to Key Family Wealth Division
Key Bank has promoted John M. Jezowski to the expanded role of senior family wealth strategist for the New England region.
New Haven Apartments Trade Hands for $28M
Two affiliates of New Jersey multifamily investor Cue Residential have picked up a portfolio of adjacent apartment buildings in New Haven’s Westville neighborhood for $28.65 million.
Yale Takes Wraps Off Big New Haven Theater Proposal
Yale University wants to replace a parking lot, a Korean restaurant and a pair of townhouses in downtown New Haven with a big, new performing arts building and theater.
Guilford Savings and Eastern Connecticut Savings Announce Merger
The merger was approved unanimously by both boards and will create a bank with $1.4 billion in combined assets and 25,000 clients.
