Commercial & Industrial

What Taxes Are in Democrats’ Big Bill?
By Lisa Mascaro | The Associated Press | August 8, 2022 | ReprintsDemocrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all,

Carried Interest Survives Democrats’ Deal to Pass Economic Legislation
By Alan Fram | The Associated Press | August 5, 2022 | ReprintsSenate Democrats have agreed to eleventh-hour changes to their marquee economic legislation that preserve a commonly-used method of financing real estate developments.

Early Interventions Boost Security and Welcoming Designs
By Steve Adams | Commercial Record Staff | August 4, 2022 | ReprintsDesigning schools to be safe in an era of gun violence doesn’t necessarily mean turning them into forbidding institutional fortresses. Svigals + Partners architect Marissa Dionne Mead knows this firsthand.

Inflation Weighs on Families’ Back-to-School Shopping
By Anne D'Innocenzio and Claire Savage | The Associated Press | August 3, 2022 | ReprintsThis back-to-school shopping season, parents – particularly in the low to middle income bracket – are focusing on the basics while also trading down to cheaper stores amid surging inflation.

CT Housing Permits Beating 2021 Trends
By James Sanna | July 29, 2022 | ReprintsConnecticut’s towns and cities permitted 394 new housing units in June, bringing the year-to-date total to 2,294 units, or 344 than at the same time last year.

Stamford HR Firm Finds ‘Significant Gap’ in Remote Work Expectations
By James Sanna | July 25, 2022 | ReprintsStamford-based HR firm OperationsInc said its research shows a “significant gap” remains between managers’ and workers’ expectations and desires around remote work.

New Haven OKs 245-Unit Proposal
By James Sanna | July 22, 2022 | ReprintsCity officials have given the go-ahead to developers seeking to convert an eyesore into hundreds of new apartments at a neighborhood “gateway” in New Haven.

Developer Buys Land for Planned Stratford Storage Facility
By James Sanna | July 21, 2022 | ReprintsAn affiliate of a Baltimore-based real estate investment company has bought a parcel of industrial land in Stratford.

Middletown Gets a Navigational Aid on Development
By Steve Adams | Commercial Record Staff | July 21, 2022 | ReprintsThe future of Middletown’s riverfront is coming into sharp focus as architects lay out a vision for mixed-use development, recreation areas and a new connection to the city’s downtown.

Trio of East Hartford Office Buildings Trades for $50M
July 20, 2022 | ReprintsA three-building portfolio grouped around East Hartford’s massive Interstate 84 interchange has traded hands for $50 million.

Homebuilder Confidence, Nationwide Housing Starts Drop Dramatically
July 20, 2022 | ReprintsBuilder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales, buyer traffic and housing starts according to new data.

New Haven Architects Honored by AIA CT
July 19, 2022 | ReprintsArchitects with New Haven-based Pickard Chilton have picked up three awards from the Connecticut chapter of the American Institute of Architects.

Danbury Fair Adds Japanese Bowling Arcade as Tenant
July 19, 2022 | ReprintsOne of Fairfield County’s principal mall properties is getting a new tenant: a Japanese bowling facility and arcade.

Saks Off 5th Returning to Stamford at Ex-Lord & Taylor Site
July 18, 2022 | ReprintsA former standalone Lord & Taylor store in Stamford will continue as a retail location after discount retailer Saks Off 5th announced it has signed a lease for the property.
Office Tenants Shy Away from Fairfield County Deals
By Steve Adams | Commercial Record Staff | July 14, 2022 | ReprintsWith a significant downturn in leasing activity during the second quarter, Fairfield County’s availability rate for office space rose to nearly 28 percent.

Connecticut Boosts Metro-North Service as Ridership Improves
By The Associated Press | The Associated Press | July 13, 2022 | ReprintsConnecticut is boosting service along two Metro-North rail lines, a move that comes as ridership on the commuter railroad that serves Connecticut and New York moves closer to pre-pandemic levels.
Stamford Firm Buys Airport Hotel for $20.6M
By Steve Adams | Commercial Record Staff | July 12, 2022 | ReprintsA Connecticut real estate investor with $3.7 billion in assets under management has acquired a Boston-area hotel that caters to airport travelers.

Millions in COVID Funds Yet to be Distributed to Workers
By The Associated Press | The Associated Press | July 11, 2022 | ReprintsA $34 million state fund created by Connecticut lawmakers last year to provide financial help to qualified essential workers has remained mostly untouched, Comptroller Natalie Braswell said Thursday.

Blighted Ash Trees Bring Cost, Hazards in Connecticut
By The Associated Press | The Associated Press | July 11, 2022 | ReprintsYears of attack by an invasive beetle species have decimated Connecticut’s population of ash trees, endangering power lines and roadways and stretching towns’ budgets as they attempt to remove potential hazards.

Ion Bank Completes Merger With New Jersey-based Bank
July 5, 2022 | Reprints | Unlock Link
Naugatuck-based Ion Bank has expanded outside of Connecticut after completing its merger with New Jersey-based Lincoln 1st Bank.