Guilford Savings Bank Rebrands as ‘Ascend Bank’ After 150 Years
The move comes as GSB seeks approval for a merger, with an eye towards ultimately becoming a statewide bank.
West Hartford Gives Final OK for Redevelopment of Ex-UConn Campus
by James Sanna | Feb 27, 2025 | Commercial & Industrial, CR Daily, Industry News
After years of false starts, the large, vacant UConn campus in West Hartford finally has a complete and clear path forward to redevelopment.
Major Developer Gets OK to Replace Darien Offices with Multifamily
by James Sanna | Feb 26, 2025 | Commercial & Industrial, CR Daily, Industry News
Dallas-based developer Trammel Crow has been approved to build 175 apartments on a Darien office property next to Interstate 95.
CT Min.-Wage Workers Need 107-Hour Workweek to Pay Rent
by James Sanna | Feb 25, 2025 | Commercial & Industrial, CR Daily, Industry News
Minimum wage workers in Connecticut would need to work 107 hours to afford the median rent. But the good news is that number is trending downward, if only slightly.
Report: Dime Bank CEO to Retire
by The Commercial Record | Feb 24, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
The long-running CEO of Norwich-based Dime Bank plans to step down this fall.
CT Legislators Advance Affordable Housing Tax Break
by James Sanna | Feb 24, 2025 | CR Daily, Industry News, NEFMA Awards, Westchester News
Tax relief for affordable housing developments took a step forward in the state capitol last week.
Trump Seeks Greater Control of Fed with New Order
by The Associated Press | Feb 20, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
President Donald Trump is moving to give the White House direct control of independent federal corporate regulators.
Windsor Locks Hitches Growth to New Train Station
by Steve Adams | Feb 20, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
Where other passersby saw a 1980s-era strip mall in Windsor Locks’ faded former town center, Dan Drazen envisioned an opportunity.
Hartford Remains Sellers Markets Despite Nationwide Shift
by Sam Minton | Feb 19, 2025 | CR Daily, Industry News, NEFMA Awards, People, Residential, Residential Real Estate, Westchester News
While nationwide the market is shifting towards buyers, in New England sellers still have the upper hand due to a lack of inventory.
200K SF Warehouse Pitched in South Windsor
by James Sanna | Feb 19, 2025 | Commercial & Industrial, CR Daily, Digital Edition, Industry News, NEFMA Awards, Westchester News
An LLC registered to a Florida residential address wants to build another large warehouse in South Windsor.
Fed Official: Need ‘Dust to Clear’ Before Deciding Next Moves
by The Associated Press | Feb 18, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
Austan Goolsbee, president of the Fed’s Chicago branch, said if tariffs don’t worsen inflation, rate cuts could resume.
New Haven Multifamily Complex Sells for $72M
by James Sanna | Feb 18, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
One of the latest large-scale multifamily complexes to complete in New Haven’s latest building boom have fetched top dollar.
Nationwide Price Cuts Increase, But Not in CT
by Sam Minton | Feb 13, 2025 | CR Daily, Industry News, NEFMA Awards, People, Residential, Residential Real Estate, Westchester News
Prospective homebuyers are getting some relief amid high interest rates as price cuts are becoming more common nationwide. But the trend doesn’t appear to be affecting New England.
Storrs Grocery Plaza, Apartments Fetches $40M
by James Sanna | Feb 13, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
A major insurance company bought three buildings in the Storrs Center development across from the University of Connecticut campus.
Fed Chair Says Bank Accounts ‘Safe’ Despite Trump’s Teardown of CFPB
by The Associated Press | Feb 12, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.
Report Says Bridgeport Stadium Could Bring $3.4B Boom
by James Sanna | Feb 12, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
A proposed professional soccer stadium on Bridgeport’s waterfront could bring in nearly double its construction cost in economic benefits, according to a new study.
Trump Orders US to Ditch Penny After Decades of Complaints
by The Associated Press | Feb 11, 2025 | Banking & Lending, CR Daily, Industry News
“Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time,” the president wrote in a social media post, which was light on details about plans for a post-penny future.
Hartford, Norwich Lead Nation’s Hottest Housing Markets
by Sam Minton | Feb 11, 2025 | CR Daily, Industry News, Residential Real Estate
The New England housing market is heating up to begin the year, and two of Connecticut’s metro areas are leading the pack.
New CFPB Head Moves to Shut Down Agency Without Congressional OK
by The Associated Press | Feb 10, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
More Homes Come with HOA Dues
by Lew Sichelman | Feb 7, 2025 | CR Daily, Industry News, Opinion, Residential Real Estate
Nearly two-thirds of all single-family houses started in 2023 were within HOA-governed properties. And fees those associations collect are rising.
