Commercial & Industrial
Beauty Company Relocates Stamford HQ
April 25, 2019 | Reprints | Unlock LinkBeauty company PDC Brands is moving its head offices from one part of Stamford to another.
Led by Drop in New Multifamily, Housing Permits Down Statewide
April 25, 2019 | Reprints | Unlock LinkNew housing in Connecticut appears to be getting off to a slow start this year.
Slow Growth Predicted Through 2020 for Home Remodeling Industry
April 25, 2019 | Reprints | Unlock LinkAnnual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year nationwide, according to a new report from Harvard University’s Joint Center for Housing Studies.
Amplifying the Argument for Housing Production
By Steve Adams | Commercial Record Staff | April 25, 2019 | Reprints | Unlock LinkA 25-year homebuilder and outspoken advocate on housing policies, Torrington-based T&M Building Co. President Greg Ugalde is taking a leadership role on the national stage as the 2019 chairman of the National Association of Home Builders.
Beacon Falls Fractured Condominium Sold for $28M
April 24, 2019 | Reprints | Unlock LinkAn eight-building fractured condominium asset in Beacon Falls has sold for $28.4 million.
Westfield Bank Planning to Expand Greater Hartford Presence
By Bram Berkowitz | April 24, 2019 | Reprints | Unlock LinkWestfield Bank is planning to double the number of branches it has in Connecticut.
Lawmakers Look to Regulate Popular Electric Scooters
By The Associated Press | April 24, 2019 | Reprints | Unlock LinkConnecticut lawmakers are seeking to regulate electric foot scooters, or e-scooters, which have become popular across the U.S. in many cities and tourist locations, particularly in tech hubs like Boston and San Francisco.
Connecticut Contractor Sues Massachusetts City for $1M in Unpaid Work
By The Associated Press | April 23, 2019 | Reprints | Unlock LinkA contractor alleging breach of contract is suing a Massachusetts city for $1 million.
West Hartford Consultancy Inks Deal for 17K SF in Bloomfield
April 23, 2019 | Reprints | Unlock LinkWest Hartford-based consultancy Hooker & Holcombe announced it is moving its main operations to a newly-designed space in Bloomfield.
Seeking to Consolidate Office, Major Hartford Law Firm Moves Towers
April 23, 2019 | Reprints | Unlock LinkA major Hartford law firm is relocating from CityPlace I to the city’s Prudential Building.
$18M Mixed-Use Village Planned Near Berlin Train Station
April 22, 2019 | Reprints | Unlock LinkMeriden isn’t the only city seeing developer interest in new housing, spurred by new transit connections.
23 Apartments Planned at Former New Haven Catholic School
April 22, 2019 | Reprints | Unlock LinkA former religious school in New Haven’s growing Wooster Square neighborhood could soon be converted to apartments.
Lawmakers Mull Additional Capital Gains Tax
By The Associated Press | April 22, 2019 | Reprints | Unlock LinkSome legislative Democrats are considering a new capital gains tax on Connecticut’s highest earners, instead of following through with some of Gov. Ned Lamont’s proposed sales tax changes.
Hartford Lures Idaho Insuretech’s HQ to NassauRe Building
April 19, 2019 | Reprints | Unlock LinkCovr Financial Technologies, an insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford.
Connecticut Loses 1,300 Jobs in March, Financial Sector Gains
April 19, 2019 | Reprints | Unlock LinkConnecticut lost 1,300 jobs in March, according a preliminary report released yesterday by the U.S. Bureau of Labor Statistics; the state’s largest industry trade group blamed the decline on “the state legislature’s continued focus on costly workplace mandates.”
Lamont Had Preliminary Talks with Private Firms on Tolls
By The Associated Press | April 19, 2019 | Reprints | Unlock LinkGov. Ned Lamont says he’s had “very preliminary” conversations with private investors who might help develop a proposed electronic highway tolling system in Connecticut.
Trump Administration Seeks to Boost Opportunity Zones
By The Associated Press | April 18, 2019 | Reprints | Unlock LinkThe Trump administration on Wednesday proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in Opportunity Zones in low-income areas.
US Retail Sales Soared 1.6 Percent in March
By The Associated Press | April 18, 2019 | Reprints | Unlock LinkU.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.
108K SF Mixed-Use Westport Project Gets $68M in Financing
April 17, 2019 | Reprints | Unlock LinkA 108,000-square-foot, high-end mixed-use project in downtown Westport has landed substantial financing.
Conn. Casino Slots Revenue Down in March, Mass. Casino Revenue Up
By James Sanna | April 17, 2019 | Reprints | Unlock LinkConnecticut’s two resort casinos experienced yet another month of declining slot machine revenues in March, bringing their losing streak to nine months. At the same time, the MGM Springfield casino just across the state line in Massachusetts saw a substantial increase in all types of gaming revenue.
