Industry News
NewAlliance Bancshares Announces Earnings
August 9, 2007 | Reprints | Unlock LinkNew Haven-based NewAlliance Bancshares Inc. has reported a $3.86 million quarterly loss for the period ending June 30, due to the restructuring of its investment securities portfolio.
Mason Appointed Executive VP at Konover
August 9, 2007 | Reprints | Unlock LinkPeter H. Mason has been promoted to executive vice president of Konover Hotel Corp.
Mason joined Konover in 2005 as vice president and division director. Under his leadership, the company has expanded its portfolio and hotel management operations to include 21 properties, including 10 hotel flags in five states.
Loan Service Providers Losing Popularity
By Jeff Haynes | Reporter | August 9, 2007 | Reprints | Unlock LinkConsumer satisfaction with their mortgage service providers is slipping, and could be headed for further decline as more foreclosures loom.
New Canaan Company Earns ‘Extreme’ Fame
By Jeff Haynes | Reporter | August 9, 2007 | Reprints | Unlock LinkHe was supposed to be fishing.
Steven Gulick had already left work to spend a relaxing Thursday afternoon with his brother and father. But there was a problem.
Life Saver?
By Jeff Haynes | Reporter | August 9, 2007 | Reprints | Unlock LinkHomeowners facing foreclosure just got a potential lifeline from the accounting department.
Lurie Brokers $25.75M Sale of Borge Property
August 3, 2007 | Reprints | Unlock LinkRealtor Tamar Lurie recently brokered the $25.75 million sale of a property previously owned by the late comedian and musician Victor Borge.
HDF Awarded Homebuyer Program Grant
August 3, 2007 | Reprints | Unlock LinkThe Housing Development Fund has received a $25,000 First County Bank Foundation grant in support of its First Time Homebuyer Program. The program helps low- and moderate-income households in the southwestern part of the state to achieve homeownership.
CBRE Brokers Sale of Stamford Properties
August 3, 2007 | Reprints | Unlock LinkAntares Investment Partners recently purchased the Seaboard Properties portfolio in Stamford for $87 million.
Jeffrey Dunne, Steven Bardsley and David Gavin of CB Richard Ellis’ New York Tri-State Region Institutional Group represented Seaboard Properties in the sale, and the team also was responsible for procuring the buyer.
Inventory Levels Bucking National Trend
By Jeff Haynes | Reporter | August 3, 2007 | Reprints | Unlock LinkNational housing inventory levels continue to climb, but anecdotal reports suggest Connecticut’s market isn’t as saturated as last year.
Firms Seeing Space As the Final Frontier
By Jeff Haynes | Reporter | August 3, 2007 | Reprints | Unlock LinkEveryone needs some space.
Retailers just gobbled up 7,000 square feet of new space in Branford. A 9,500-square-foot build-to-suit facility in North Haven is going to a medical services client, and development firm Davis Marcus Partners is confident enough in the market to start construction on 161,500 square feet of office space in Wilton.
Growth Pattern
By Jeff Haynes | Reporter | August 3, 2007 | Reprints | Unlock LinkThe evolution of online banking eventually may make it the dominant transaction channel.
One forecast predicts the online channel will handle 40 percent of banking transactions by 2010, followed by call centers processing 22 percent, and the branches and automated teller machines each taking 19 percent.
Longtime Industry Veteran Remains a Dedicated Teacher
By Kay Metcalfe | Editorial Assistant | July 26, 2007 | Reprints | Unlock LinkReal estate is Barry Rosa’s passion.
The director of specialty property returned to his first love at Prudential Connecticut Realty in Orange seven years ago. Today he works at the company’s Rocky Hill corporate office branch.
“I eventually ended up doing what I’m doing today, and it was the best move I’ve made in my life,” he said.
Taroua Joins Weichert Realtors in Hamden
July 26, 2007 | Reprints | Unlock LinkWeichert Realtors Regional Properties has added Mohamed Taroua to its staff in Hamden.
A resident of Wallingford, Taroua is a graduate of Joseph Fourier University in Grenoble, France, where he earned a six-year degree and a doctorate in organic chemistry. He also is a graduate of Gateway Community College, where he received real estate training.
COCC, Strunk Launch Rewards Program
July 26, 2007 | Reprints | Unlock LinkAvon-based COCC, a provider of next-generation technology services for financial institutions, and Houston-based Strunk and Assoc. have launched Reward Checking, a product designed to attract and increase deposits, as well as improve customer retention.
Netkey Moves Headquarters to East Haven
July 26, 2007 | Reprints | Unlock LinkNetkey Inc., a maker of kiosk software, has moved its headquarters to Mariner’s Point at 100 South Shore Drive in East Haven. The company signed a long-term lease for approximately 15,000 square feet.
Steven Inglese of New Haven Group represented the owner, while Robert Motley and Kevin Foley of Cushman & Wakefield represented the tenant.
Condo Market Seeing Extreme Changes
By Jeff Haynes | Reporter | July 26, 2007 | Reprints | Unlock LinkThe condo market is going to the extremes.
The counties with the highest and lowest unit sales are the ones having better year-over-year performances so far in 2007. Through May, condominium sales increased 10.71 percent in Windham County and 4.67 percent in Tolland County, according to data from The Warren Group, The Commercial Record’s parent company.
C21 Firms Team Up in Merger
By Jeff Haynes | Reporter | July 26, 2007 | Reprints | Unlock LinkHaving expanded west, south and east of Hartford, a 13-year-old Century 21 firm is now looking north.
Commercial Counters Residential Losses
By Jeff Haynes | Reporter | July 26, 2007 | Reprints | Unlock LinkNonresidential construction’s gains have nearly offset the industry’s losses on the residential side.
Retired Broker Riding in MS Fund-raiser
July 20, 2007 | Reprints | Unlock LinkRetired real estate broker Peter Rich is planning to ride in his seventh Greater Connecticut Chapter MS Motorcycle Ride this Sunday. The Storrs resident has participated in the multiple sclerosis fund-raiser since its inception six years ago.
Market Share Growth Tops Firms’ Concerns
By Jeff Haynes | Reporter | July 20, 2007 | Reprints | Unlock LinkUnit sales are down, but the larger concern for the big residential brokerages remains growing their market share.
For both Coldwell Banker Residential Brokerage and Prudential Connecticut Realty, that strategy involves time, acquisitions, hiring of personnel and – as the companies have stressed lately – education and training for the sales agents.
