Industry News

Amazon Drops $20M on Enfield Permitted Site
By James Sanna | April 30, 2025 | Reprints | Unlock LinkTariffs or no tariffs, internet retail giant took a step towards building more warehouse capacity in one of the towns that makes up Connecticut’s distribution center hub.

KeyBank, Webster Finance Hartford Nonprofit Developer’s $45M Expansion
By James Sanna | April 30, 2025 | Reprints | Unlock LinkA Connecticut nonprofit developer that builds housing for people with intellectual and developmental disabilities national.

Manchester Warehouse Sold to New Jersey Investor
By Steve Adams | Commercial Record Staff | April 29, 2025 | Reprints | Unlock LinkA 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
By James Sanna | April 29, 2025 | Reprints | Unlock LinkA 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
By James Sanna | April 28, 2025 | Reprints | Unlock LinkOne 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’
By James Sanna | April 28, 2025 | Reprints | Unlock LinkMiddletown-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
By Sam Minton | April 25, 2025 | Reprints | Unlock LinkWebster 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
By Steve Adams | Commercial Record Staff | April 25, 2025 | Reprints | Unlock LinkFairfield 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
By James Sanna | April 24, 2025 | Reprints | Unlock LinkAn 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
By Sam Minton | April 24, 2025 | Reprints | Unlock LinkEven 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
By Jesse Bedayn | The Associated Press | April 23, 2025 | Reprints | Unlock LinkA 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
By James Sanna | April 23, 2025 | Reprints | Unlock LinkWhat 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
By James Sanna | April 22, 2025 | Reprints | Unlock LinkA medium-sized apartment building in downtown Meriden has changed hands at a slight discount from its last sale.

Hartford Realtors Name 2025 ‘Good Neighbor’
April 22, 2025 | Reprints | Unlock LinkThe 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
By Sam Minton | April 18, 2025 | Reprints | Unlock LinkTariff 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
By Steve Adams | Commercial Record Staff | April 18, 2025 | Reprints | Unlock LinkA 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
By Sam Minton | April 15, 2025 | Reprints | Unlock LinkNow, 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
By James Sanna | April 15, 2025 | Reprints | Unlock LinkMiddletown-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
By James Sanna | April 14, 2025 | Reprints | Unlock LinkCommercial 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
By Sam Minton | April 14, 2025 | Reprints | Unlock LinkThe 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.