Big Spinnaker Project Gets $6M in Tax Help from New London
A Spinnaker Real Estate Partners proposal for waterfront apartments in New London faces over $14 million in “extraordinary costs.” Luckily for the developer, city leaders are sympathetic.
Luxury Market Outpaces the Field
The luxury housing market ain’t what it used to be, in more ways than one. Four different analyses show what’s happening.
Credit-Worthy Tenants Are Office Landlords’ North Star
Lenders are playing a significant role in selecting office tenants as substantial vacancies linger in Fairfield County’s office market.
71-Unit Affordable Development Pitched in Tolland
A Farmington-based developer is proposing to build a garden-style apartment complex in Tolland under the state’s 8-30g affordable housing law.
Developer Buys Site of 156-Unit ‘Enfield Station’ Project
For a mere $2.64 million, a joint venture of two developers has bought the sight of their planned transit-oriented development in Enfield.
Megabanks Report Record Profits Despite Economic Uncertainty
Five of the biggest U.S. banks reported record profits on last week, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.
New Listings Aiding Connecticut Market While Inventory Lags Behind
The Connecticut housing market was able to add listings to the market in June, bringing inventory to near parity with where it was this time last year.
Under the Hood of PeoplesBank’s Innovation Engine
PeoplesBank is not looking to be your average community bank, says Chief Operating Officer Aleda DeMaria.
Stamford Residential Tower Fetches $150M
The original developer of one of Stamford’s Harbor Point apartment buildings has sold the property for almost $150 million.
Banking Regulators Issue New Guidance on Lending Risk Tied to Borrowers Illegally in US
The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation’s banking system, cracking down on financial institutions that are lending money to them.
New Haven Apartments Trade for Over $6M
A New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
Downtown Stamford Apartments Sell for $221M
A large downtown Stamford apartment complex has been sold to a New York City investor and property manager.
Price Gap Between New, Existing Homes Narrows
The price gap between new and existing houses has been falling in recent years, but buyers are still likely to pay 15 percent more for new construction.
Making Housing Development ‘Palatable’ Through Preservation
Former factories, schools and office buildings across Connecticut are being revitalized as residences by Pennrose under the leadership of Karmen Cheung, its New England regional vice president.
Downtown Greenwich Property Trades for $10.7M
A 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
Patriot Bank OCC Enforcement Actions End
Patriot Bank is now free from enforcement actions initiated by The Office of the Comptroller of the Currency and says it wants to grow its assets by around $700 million.
Collapsed New London Church Being Replaced by Apartments
A downtown New London church whose steeple collapsed spectacularly in early 2024 has been demolished, and its replacement is getting ready for construction.
These Amenities May Find a Home
Concierge-like services that ease the demands of everyday life will allow homeowners to tend to other priorities.
What Powered Connecticut’s Top LOs?
Every year, the Commercial Record analyzes mortgage data to identify the state’s top loan originators. In a tough market, what helped them beat their competitors? One bank’s experience offers clues.
CT Luxury Home Prices Pricing Outperforming Non-Luxury Homes
Luxury homes are seeing prices increase at a greater rate than non-luxury homes across the country, according to a new report from Redfin. The Connecticut luxury market is showing similar trends.
