Industry News
New Britain Factory-to-Apartments Conversion Opens
July 11, 2025 | Reprints | Unlock LinkState and local dignitaries joined WinnCompanies executives this week to celebrate the opening of an $85 million project that transformed a historic long-vacant manufacturing complex near New Britain’s downtown into 154 units of affordable rental housing.
Aircraft Leasing Firm Opening Greenwich Office
By Steve Adams | Commercial Record Staff | July 11, 2025 | Reprints | Unlock LinkAn alternative investment manager that specializes in aircraft leasing is opening a new office in downtown Greenwich.
40-Year Listing Firm Run Out of Business
By Lew Sichelman | July 10, 2025 | Reprints | Unlock LinkRemember the company that was offering homeowners a few thousand dollars in exchange for the promise that if they ever decided to sell their houses – at any time in the next 40 years – they would list it with them?
Architects Expand Nationwide Reach, Maintain a Local Focus
By Steve Adams | Commercial Record Staff | July 10, 2025 | Reprints | Unlock LinkMergers, plus pecializing in education, hospitality and gaming projects has insulated Hartford-based JCJ Architecture from some of the downturns in commercial real estate sectors in recent years.
City Starts Ball Rolling in Land Deal for Big New Haven Apartments
By James Sanna | July 8, 2025 | Reprints | Unlock LinkNew Haven’s mayor has begun the process of transferring land to a developer that wants to build 450 new homes in the city’s downtown.
Inventory Increases Putting Pressure on Sellers
By Sam Minton | July 8, 2025 | Reprints | Unlock LinkWith inventory building across New England’s three biggest housing markets, sellers are feeling pressure to cut prices.
It’s Not All Bad for Buyers
By Lew Sichelman | July 3, 2025 | Reprints | Unlock LinkNow might not be the best time to buy a house. But if you are a member of the must-buy group, fear not: the inventory of houses for sale hasn’t been this large since 2019.
Balancing Physical and Digital
By Sam Minton | July 3, 2025 | Reprints | Unlock LinkAt Stamford-based First Country Bank, it’s Karen Kelly’s job to help the community bank stay abreast of consumers’ changing digital demands.
As Trump Ramps Up Attacks, Fed Chair Refuses to Change Course
By Christopher Rugaber | The Associated Press | July 2, 2025 | Reprints | Unlock LinkFederal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs.
Two Small CT CUs OK’d to Merge
July 2, 2025 | Reprints | Unlock LinkSkyline Financial Federal Credit Union and Curtis Federal Credit Union announced the successful completion of their merger, effective June 30.
Hartford Buyers Need $16K Raise to Afford Down Payment
By James Sanna | July 1, 2025 | Reprints | Unlock LinkGreater Hartford homebuyers will likely need a raise if they want to buy a home – even if they’re so-called “move-up” buyers putting 20 percent down.
Webster Bank Names New Chief Risk Officer
By James Sanna | July 1, 2025 | Reprints | Unlock LinkStamford-based Webster Bank announced a new chief risk officer to replace retiring CRO Daniel Bley.
Gloomy Americans Cut Back on Spending as Inflation Ticks Higher
By Christopher Rugaber | The Associated Press | June 30, 2025 | Reprints | Unlock LinkA key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.
Developer Plans Norwalk Waterfront Transformation
By James Sanna | June 30, 2025 | Reprints | Unlock LinkNorwalk-based Spinnaker Real Estate Partners has filed plans with officials in its home city for a waterfront project befitting its nautical name.
Big CT Apartment Portfolio Fetches $121M
By James Sanna | June 27, 2025 | Reprints | Unlock LinkFour Connecticut apartment complexes totaling almost 700 units have traded hands.
Fannie, Freddie Ordered to Consider Crypto as Asset When Underwriting Mortgages
By Alex Veiga | The Associated Press | June 27, 2025 | Reprints | Unlock LinkThe head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.
Americans Sour on U.S. Economy – and Tariff Anxiety Remains Top Culprit
By Matt Ott | The Associated Press | June 26, 2025 | Reprints | Unlock LinkAmericans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.
Lamont Picks 470-Unit, Two-Tower Proposal for New Haven Site
By James Sanna | June 26, 2025 | Reprints | Unlock LinkThe development arm of a Providence, Rhode Island-based construction giant emerged Tuesday as the winning bidder to develop a large site next to a busy New Haven train station.
Developer Wants to Turn Trumbull Offices into Senior Housing
By James Sanna | June 24, 2025 | Reprints | Unlock LinkA 43,870-square foot building at the back of a Trumbull office park could get a new neighbor in the form of senior housing.
New Haven OK Plan to Swap Hotel Plan for Apartments
By James Sanna | June 23, 2025 | Reprints | Unlock LinkA long-gestating proposal to turn a New Haven hotel near Interstate 95 into housing has finally received city approval.
