Industry News
Connecticut’s Top Home Sales: April 4-April 11
April 26, 2024 | Reprints | Unlock Link
The five most expensive recent single-family and condominium sales in Connecticut.
How to Get a One-of-a-Kind Home, The Easy Way
By Lew Sichelman | April 26, 2024 | Reprints | Unlock LinkEven though I live in a custom-designed house, I don’t recommend designing your own place from scratch. It’s not for everyone.
Providing Patient Capital for Low-Income Communities
By Steve Adams | Commercial Record Staff | April 26, 2024 | Reprints | Unlock LinkConnecticut developers that build income-restricted housing and community facilities in low-income communities have a reliable partner in the BlueHub Loan fund run by Karen Kelleher.
Hartford to OK Medical Offices in Downtown Retail Spaces
By James Sanna | April 26, 2024 | Reprints | Unlock LinkFaced with persistent downtown retail vacancies, Hartford officials are loosening restrictions on the types of tenants that can take up ground floors in downtown buildings.
Report: HomeServices to Settle Commission Lawsuits
By James Sanna | April 26, 2024 | Reprints | Unlock LinkThe last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.
Jewett City Savings Bank Elects New Chairman and Vice Chairman
April 25, 2024 | Reprints | Unlock LinkJewett City Savings Bank announced the names of its new board chair and vice chair following the lender’s annual meeting last month: Diane Manning and Brian Andstrom.
Report: Colorful Developer Who Sparked New Haven Renaissance Dies
April 25, 2024 | Reprints | Unlock LinkJoel Schiavone, the real estate developer who laid the groundwork for New Haven’s downtown revival, has died at 87.
Wells Fargo, Webster Rank at Bottom in Study of Tri-State Area Bank Satisfaction
By James Sanna | April 24, 2024 | Reprints | Unlock LinkA new analysis by J.D. Power has found that Wells Fargo and Webster Bank have the least satisfied customers of the major national and regional banks active in Connecticut, New York and New Jersey.
NAR Settlement Gets Preliminary OK
By James Sanna | April 24, 2024 | Reprints | Unlock LinkThe judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
CRE Lending Shrank 47 Percent Nationwide, 37 Percent in CT
April 23, 2024 | Reprints | Unlock LinkA new report from the Mortgage Bankers Association has put numbers to the huge drop-off in commercial real estate lending in America.
Company Behind Big New Listings Portal Buys Matterport
By James Sanna | April 23, 2024 | Reprints | Unlock LinkCoStar Group, the real estate information company behind Homes.com, has inked a deal to buy the 3D camera company many real estate agents rely on to promote their listings.
Suburban Office Properties Outperform Downtowns in Q1
By Steve Adams | Commercial Record Staff | April 22, 2024 | Reprints | Unlock LinkIn a sluggish quarter of office leasing activity in Fairfield County, suburban properties outperformed their downtown counterparts in attracting and retaining tenants.
Liberty Bank Votes in New Chairman
April 19, 2024 | Reprints | Unlock LinkLiberty Bank’s board of directors unanimously elected a new chair last month, the bank said, after longtime Chairman Mark Gringras unexpectedly passed away March 7.
Remodeling Forecast Says Spending Will Decline This Year
By James Sanna | April 19, 2024 | Reprints | Unlock LinkThe latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.
CT’s Most Expensive Home Sales: March 26-April 3
April 19, 2024 | Reprints | Unlock LinkThe five most expensive recent single-family and condominium sales in Connecticut.
Door Opens to Flip a House for Yourself, Not Profit
By Lew Sichelman | April 19, 2024 | Reprints | Unlock LinkHigh mortgage rates, soaring house prices and rising construction costs have driven many flippers out of the market. And with their exit comes a great opportunity for people eager to buy a fixer-upper of their own.
Worried About Your Commission? Learn to Show Your Value
By Bernice Ross | Special To Commercial Record | April 19, 2024 | Reprints | Unlock LinkBuyer’s agent compensation offers seem set to disappear from your local multiple listings service by this summer. And the effects will be wide-ranging.
Simon Konover Co. Leadership Passes to Third Generation
By James Sanna | April 18, 2024 | Reprints | Unlock LinkWest Hartford-base real estate developer and asset manager The Simon Konover Co. announced that Jim Wakim, the company’s president and COO for the last 12 years, is retiring May 31.
Citizens Reports Private Bank Deposits Up $1.2B in Q1
By James Sanna | April 18, 2024 | Reprints | Unlock LinkCitizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Powell: Elevated Inflation Will Likely Delay Rate Cuts
By Christopher Rugaber | The Associated Press | April 17, 2024 | Reprints | Unlock Link“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
