Industry News
Stamford Bank CEO Transition Takes Effect
By James Sanna | April 21, 2026 | Reprints | Unlock LinkStamford’s First County Bank has formally passed into the care of Nitin Mhatre, formerly CEO of the $12 billion-asset Berkshire Bank.
Big Banks See ‘Resilient’ US Economy, Warn on Energy Prices
By Ken Sweet | The Associated Press | April 21, 2026 | Reprints | Unlock LinkThe nation’s biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units.
Connecticut’s Top Home Sales: April 4-10, 2026
April 17, 2026 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
242 Affordable Units Pitched at New Haven Ex-Nuclear Site
By James Sanna | April 16, 2026 | Reprints | Unlock LinkAsbestos, lead dust and uranium-contaminated debris could give way to hundreds of new, affordable homes for New Haven residents following a vote this week.
Get Your Buyers to Boost Their Credit Scores Before All Else
By Lew Sichelman | April 16, 2026 | Reprints | Unlock LinkIs it worth focusing on credit improvement before buying a house? Borrowers should consider three questions.
Danbury Apartments Sell for $158M
April 15, 2026 | Reprints | Unlock LinkOne of the many multifamily complexes in Danbury near the New York state line has traded hands with a $34 million increase in sale price.
As Spring Neared, Homes for Sale in CT Fell
By James Sanna | April 14, 2026 | Reprints | Unlock LinkThe number of homes for sale across Connecticut fell last month, potentially linked to the strong storm that blew through mid-month and left tens of thousands without power.
More Fed Officials See Possible Rate Hikes This Year, Minutes Show
By Christopher Rugaber | The Associated Press | April 13, 2026 | Reprints | Unlock LinkThe number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months.
Homebuyers Tripped Up by Taxes, Insurance
By Lew Sichelman | April 9, 2026 | Reprints | Unlock LinkSixty-eight percent of all homeowners saw their mortgage payment rise over the past two years because of higher taxes and insurance.
Developers Are Making Noise in the Quiet Corner
By Steve Adams | Commercial Record Staff | April 9, 2026 | Reprints | Unlock LinkDevelopers are eyeing vast parcels off Interstate 395 in northeastern Connecticut to accommodate rebounding demand for distribution and warehouse space.
JPMorgan CEO Dimon: Iran War Could Reignite Inflation
By The Associated Press | April 7, 2026 | Reprints | Unlock LinkJPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a “resilient” U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets.
Lamacchia Adds Two CT Offices with Brokerage Acquisition
By James Sanna | April 6, 2026 | Reprints | Unlock LinkMassachusetts-based Lamacchia Realty is doubling its footprint in Connecticut by acquiring a two-office, 24-agent brokerage in the state.
Homebuyers Tripped Up by Taxes, Insurance
By Lew Sichelman | April 2, 2026 | Reprints | Unlock LinkSixty-eight percent of all homeowners saw their mortgage payment rise over the past two years because of higher taxes and insurance.
Taking a Household Name into the Digital Age
By Sam Lattof | April 2, 2026 | Reprints | Unlock LinkAmerican Eagle Financial Credit Union is entering a new digital era, but remains focused on being involved in the community, says Chief Strategy and Revenue Officer Brian Kennedy.
New Britain Developer Sells Brand-New Apartments
By James Sanna | March 31, 2026 | Reprints | Unlock LinkAvner Krohn, the biggest private-sector force behind downtown New Britain’s redevelopment in recent years, has sold The Highrailer, a major new apartment building.
Shelbourne JV Moves to Sell Hotel-to-Rentals Conversion
By James Sanna | March 31, 2026 | Reprints | Unlock LinkA large Hartford hotel-to-apartments conversion is on the market for $55 million, double what its developers paid five years ago.
Profits on CT Home Slips to $106K
By Sam Lattof | March 31, 2026 | Reprints | Unlock LinkHome flipping profits have dropped across the country, and the gross return on investment has dropped below $50,000 for New Hampshire investors.
Better Home & Finance, Coinbase to Offer Crypto-Backed Mortgages
By Alex Veiga | The Associated Press | March 31, 2026 | Reprints | Unlock LinkProspective homebuyers who have invested in certain cryptocurrencies will be able to use their holdings as collateral to fund their down payment on a home as part of a new mortgage offering.
Surveys Find American Facing Economic Anxiety that Could Drag Housing Market
By Sam Lattof | March 24, 2026 | Reprints | Unlock LinkIf artificial intelligence begins replacing jobs, the housing market could be impacted, according to a new report from Redfin.
Newington Apartments Sale Brings in $78.15M
By James Sanna | March 24, 2026 | Reprints | Unlock LinkA large apartment asset in a suburban Hartford commercial corridor has sold to a New York City-based investor.
