Powell: Fed’s Now in No Hurry to Cut Rates
Chair Jerome Powell said Thursday that the Federal Reserve will now only cut its key interest rate slowly and deliberately in the coming months.
Old Saybrook Industrial Building Sells
A multitenant industrial building in Old Saybrook has sold for $640,000. The 31,000-square-foot property at 167 Elm St. was the site of the former Pye Hogan Manufacturing Co. and is currently managed by Fernwood Realty. Mr. Lombardo was instrumental in bringing 5...
Outdoor Ceremonies, Protests Mark New Connecticut Session
Connecticut lawmakers returned to the state Capitol on Wednesday for a socially distanced opening day, complete with an outdoor swearing-in ceremony in chilly January, a pre-taped address from the governor and protesters concerned about everything from vaccination rules for schoolchildren to pandemic restrictions.
Test Your Knowledge of Credit Scores
When it comes to credit scores, low-income folks have far less knowledge, according to the results of a recent quiz developed by the Consumer Federation of America and VantageScore. But even high-income respondents didn’t have all the answers.
Retail Properties Ripe for Housing Redevelopments
A glut of retail space and steady demand for housing make a compelling argument for shopping center owners to maximize the value of their real estate by adding multifamily development.
Beware Online Agent Ratings
There’s lots of good information on real estate websites, but ratings of individual agents probably aren’t worth much.
Virus Vaccine Put to Final Test in Thousands of Volunteers
The world’s biggest COVID-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government – one of several candidates in the final stretch of the global vaccine race.
National Landlord Trade Group Recommends 90-Day Eviction Halt
A trade group representing the country’s multifamily landlords says all managers and owners of apartments should consider halting evictions of any tenant out of work or with reduced income thanks to the coronavirus pandemic.
Congressmembers Seek $4M to Study Crumbling Foundations
Members of Connecticut’s congressional delegation and Massachusetts Rep. Richard Neal want $4 million set aside so an iron sulfide that has caused homeowners’ foundations in both states to crumble can be researched.
Move-In Ready Homes Left Others in the Dust this Spring
While the median sale prices in many regions suggested a relatively weak market, newly renovated, reasonably-priced properties saw the kind of intense buyer interest more familiar to Realtors in Boston or New York.
Branford Office Condominium Sells
A 2,029-square-foot office unit in Branford has sold.
Meriden Ex-Church Sells for $367K
A former church in Meriden has sold for $367,000.
88-Unit Luxury Complex Pitched for New London
A developer is proposing an 88-unit apartment complex for southern New London, near a similar apartment building it built recently.
Hartford’s ‘Gold Building’ Sells for $70.5M
Hartford’s One Financial Plaza, also known as “The Gold Building,” has sold to a joint venture including an investment arm of downtown-based LAZ Parking for $70.5 million.
Norwalk Shopping Center Secures $3M for Refinancing and Improvements
The owner of a shopping center along U.S. 1 in Norwalk has received $3 million to refinance the property and fund tenant improvements.
Milford Property Secures Lease for Distribution
Schutz Dental Group has leased a 1,600 unit at 132 Pepes Farm Road in Milford.
A Quarter of Mystic’s Commercial Properties Change Hands in $11.5M Sale
Four historic properties in downtown Mystic have traded hands for $11.5 million.
Greenwich Agent Named Top Producer
A Greenwich real estate agent has been named the top-producing Berkshire Hathaway agent in New England and New York.
Hip-Hop Star 50 Cent Sells Farmington Mansion for Steep Discount
After initially listing his Connecticut mansion for $10.9 million, rapper 50 Cent has sold it for just $2.9 million.
Liberty Bank Expands Presence in Hartford County with Merger
Middletown-based Liberty Bank is expanding its presence into new communities in the Hartford area with a new merger.
