Industry News
Ledoux Joins SI Bank & Trust Co. as SVP
April 17, 2008 | Reprints | Unlock LinkRene G. “Pete” Ledoux has been hired by Savings Institute Bank & Trust Co.’s wealth management division as senior vice president and senior trust officer.
Dept. of Children and Families Leases Space
April 17, 2008 | Reprints | Unlock LinkThe state of Connecticut has signed a 10-year lease for the entire building at 38 Wellington Road in Milford. The Department of Children and Families will occupy 40,000 square feet of office space in Merritt-95 Corporate Park.
Conn. Mortgage Brokers Seek Wholesale Changes
By Jeff Haynes | April 17, 2008 | Reprints | Unlock LinkConnecticut’s mortgage brokers are searching for safety in numbers. As more lenders exit the wholesale business, brokers have been prompted to find new sources of loans – all with an eye on who might be closing the wholesale window next.
Owners Reap Profits as Tenants Struggle
By Jeff Haynes | April 17, 2008 | Reprints | Unlock LinkSome apartments are looking like money trees to owners, and money pits to the tenants.
Forstone Sets Its Sights on Bridgeport Buildings
By Jeff Haynes | April 17, 2008 | Reprints | Unlock LinkStigmas be damned. A South Norwalk firm has sunk $18 million into Bridgeport over the past six months, with more purchases in the works. The bulk of that spending came at the end of March, when Forstone Capital – a company led by principals Brandon Hall and Brett Wilderman – purchased the Lafayette Circle office properties for $15.7 million.
BREAKING NEWS:
People’s United Bank Ends Wholesale Lending Practices
April 11, 2008 | Reprints | Unlock Link People’s United Bank will exit the wholesale and correspondent lending business and focus on growing its core commercial and retail customer relationships.
Prudential Honored With Service Awards
April 10, 2008 | Reprints | Unlock LinkPrudential Connecticut Realty picked up two relocation service awards at the recent Prudential Real Estate Affiliates national convention in New Orleans.
Webster Bank Finalizes Branding of ATMs
April 10, 2008 | Reprints | Unlock LinkWaterbury-based Webster Bank, a subsidiary of Webster Financial Corp., has completed branding of 140 ATMs in select Walgreens drugstore locations in Massachusetts, Rhode Island and Connecticut.
Webster customers can use their Webster debit and ATM cards at the ATMs free of a surcharge for cash withdrawals, inquiries and transfers between Webster accounts.
LMM’s Reilly, Schwartz Negotiate Deals
April 10, 2008 | Reprints | Unlock LinkShawn Reilly of Levey Miller Maretz in Woodbridge recently brokered a $2.75 million sale at 1651 Boston Post Rd. in Milford.
Homebuyer Choices Panned at Conference
By Aglaia Pikounis | April 10, 2008 | Reprints | Unlock LinkNeighborhood, home size and cost are what most buyers consider when searching for a property. But those elements don’t necessarily add up to a well-designed home.
“That equals a crappy house,” said Duo Dickinson, an award-winning architect from Madison.
Hotel Lending Takes 1st-Quarter Vacation
By Jeff Haynes | Reporter | April 10, 2008 | Reprints | Unlock LinkAfter a wild finish to 2007, hotel lending in Connecticut appears to be taking a nap in 2008.
“I think that while there may have been some mid-service hotel loans being done, a lot of full-service hotel lending has really dried up,” said Michael Riccio, senior vice president at CBRE/Melody’s Hartford office.
Economists Predict Rebound in Real Estate, Bank Arenas
By Jeff Haynes | Reporter | April 10, 2008 | Reprints | Unlock LinkDespite hard hits to Connecticut’s finance and real estate sectors early on, experts are forecasting some positive signs of economic life by year’s end.
Real Estate Records
April 4, 2008 | Reprints | Unlock LinkClick the link below to download and view the PDF file.
BREAKING NEWS:
People’s United Slashes 420 Jobs
By Jeff Haynes | Reporter | April 3, 2008 | Reprints | Unlock Link Bridgeport-based People’s United Financial, parent company of People’s United Bank, announced Thursday that it has cut nearly 10 percent of its workforce.
The company will eliminate 420 positions throughout the northeast. At the end of the first quarter of 2008, People’s United had 4,985 employees.
Weichert Realtors Honored With Award
April 3, 2008 | Reprints | Unlock LinkWeichert Realtors Regional Properties, with offices in Orange and Hamden, was one of three Weichert franchise offices to recently be awarded the President’s Cup Award for its achievement in annual sales. There are more than 300 offices in 35 states.
American Eagle Re-elects Five Directors
April 3, 2008 | Reprints | Unlock LinkEast Hartford-based American Eagle Federal Credit Union has re-elected Mark P. Allen, Catherine Banbury, Angela Bull, Michael W. Hawman and Kenneth D. Stevenson Jr. to each serve another three-year term on the credit union’s board of directors.
Fischer Real Estate Negotiates Monroe Lease
April 3, 2008 | Reprints | Unlock LinkFischer Real Estate recently brokered a lease at 193 Main St. in Monroe.
Skate Time of Monroe has leased 12,920 square feet of retail space for five years, with options to extend the term and purchase the property. Alan M. Fischer, president of Fischer Real Estate, represented the tenant and the landlord, JDCA LLC, in the transaction.
CEOs Choose Odd Times to Jump Ship
By Jeff Haynes | Reporter | April 3, 2008 | Reprints | Unlock LinkAt seemingly odd times, two community banks have lost their chief executive officers.
Middlesex Condo Sales Buck Statewide Trend
By Jeff Haynes | Reporter | April 3, 2008 | Reprints | Unlock LinkMiddlesex County’s condominium sales did something unseen in the rest of the state: They went up.
$30M Mall Sale Provides Proof of Eastern Appeal
By Jeff Haynes | April 3, 2008 | Reprints | Unlock LinkRetail is rising in the east.
The draw of Connecticut’s casinos, the growth potential along the Interstate 395 corridor and, in some cases, the stability of university populations are all working together to clamor for the attention of retailers. And investors.
