Industry News
Barbie’s Dream Bidding War Featured in Super Bowl Ad
By Mae Anderson | The Associated Press | February 14, 2022 | Reprints | Unlock LinkOff the field, Super Bowl advertisers were in a tough competition of their own, with big names in cryptocurrency and mortgage lending among the firms shelling out $7 million to reach sports fans.
NYC Developer Buys Westport Office Properties
By Steve Adams | Commercial Record Staff | February 14, 2022 | Reprints | Unlock LinkA New York developer has paid $43 million for a pair of Westport office buildings whose tenant rosters include a group of financial services companies.
FBI Offers Reward for Suspect in 11 Bank Robberies
By The Associated Press | The Associated Press | February 11, 2022 | Reprints | Unlock LinkThe FBI is offering a reward of up to $10,000 for information that leads to the arrest and conviction of a man suspected of carrying out nearly a dozen bank robberies along the Interstate 91 corridor in Connecticut, Massachusetts, New Hampshire and Vermont.
Looby Joins Essex Financial
By Diane McLaughlin | February 11, 2022 | Reprints | Unlock LinkEssex Financial Services, a subsidiary of Essex Savings Bank, has hired Kevin Looby as a financial advisor in its Essex office. Looby is a certified financial planner with more than 25 years of experience in the financial services industry, Essex...
Glastonbury Architects Announce New Appointments
By Steve Adams | Commercial Record Staff | February 11, 2022 | Reprints | Unlock LinkGlastonbury-based architects S/L/A/M Collaborative announced three new members of its landscape architecture and planning practice.
Lamont Unveils ‘Comeback’ Budget
By Susan Haigh | The Associated Press | February 10, 2022 | Reprints | Unlock LinkGov. Ned Lamont, delivering a rosy election-year speech, unveiled a $24 billion budget proposal that includes tax cuts and financial help for entrepreneurs, but the budget got mixed reviews from his political allies and opponents.
Federal Reserve Bank of Boston Names New President
By Diane McLaughlin | February 10, 2022 | Reprints | Unlock LinkSusan M. Collins, an economist and provost from the University of Michigan, has been named the next president and CEO of the Federal Reserve Bank of Boston.
New Haven Office Property Sells for $925K
February 10, 2022 | Reprints | Unlock LinkAn office building in New Haven’s Yale-oriented East Rock neighborhood has traded hands for $925,000.
Sell Now, Buy Later One Option for Homeowners
By Lew Sichelman | February 10, 2022 | Reprints | Unlock LinkFor homeowners thinking about cashing in on today’s blistering housing market, the situation has become something like a cat chasing its tail.
What’s in Store for CT CRE in 2022?
By Steve Adams | Commercial Record Staff | February 10, 2022 | Reprints | Unlock LinkGrowth of the life science industry in New Haven, groundbreaking of downtown Hartford apartments and a return to stability for the Fairfield County office market are expected to make headlines in Connecticut commercial real estate throughout 2022.
Mixed-Use Revamp Proposed for Windsor Shopping Plaza
By James Sanna | February 9, 2022 | Reprints | Unlock LinkDowntown Windsor could soon see a formal proposal for 100 apartments to replace a car-oriented shopping plaza facing the town green.
M&T Bank to Reduce Overdraft Fee
February 9, 2022 | Reprints | Unlock LinkBuffalo-based M&T Bank has joined the growing list of banks reducing or eliminating customer fees for overdrafts and non-sufficient funds.
Lawmakers Hear Mixed Reactions to Extending Lamont’s Orders
By The Associated Press | February 9, 2022 | Reprints | Unlock LinkConnecticut legislators, tasked with deciding whether to extend 11 of Gov. Ned Lamont’s remaining COVID-19 executive orders, heard starkly different opinions Tuesday about whether one order — the statewide mask mandate in schools and child care centers — should end this month, leaving future masking rules up to local officials.
Offices-to-Apartments Sought in New Haven Neighborhood
By James Sanna | February 8, 2022 | Reprints | Unlock LinkAn old New Haven mill building currently host to offices could be renovated into 36 apartments, with an additional 108 built on the property’s parking lot under a plan reviewed by city officials yesterday.
Fannie Mae: Young Homebuyers Most Pessimistic in a Decade
By James Sanna | February 8, 2022 | Reprints | Unlock LinkA record low 25 percent of respondents in Fannie Mae’s latest monthly Home Purchase Sentiment Index survey said it was a good time to buy a home.
J.D. Power: Small Business Satisfaction With Payments Processors Surges
February 8, 2022 | Reprints | Unlock LinkBig banks say the costs of their services and improvements in customer support help drive small business satisfaction with their payment processing services, according to a new study from J.D. Power.
Agent Commissions Slid Down Last Year
By James Sanna | February 7, 2022 | Reprints | Unlock LinkThe hot housing market is claiming another casualty: buyer’s agent commission.
KeyBank $100K Grant Expands Services for Unbanked
February 7, 2022 | Reprints | Unlock LinkKeyBank has partnered with the Connecticut Association for Human Services (CAHS) to expand the nonprofit organization’s Bank On CT coalition into the Greater Hartford area.
Survey: Real-Time Payments Top Consideration for Business Leaders
February 7, 2022 | Reprints | Unlock LinkThe ability to offer real-time payments has become the most important factor business leaders consider when choosing a banking partner, according to Citizens’ annual payments and treasury survey.
Stratford Coastal Development Site Fetches $10.6M
February 4, 2022 | Reprints | Unlock LinkAn empty development parcel in Stratford’s Lordship Boulevard industrial area has traded hands to a warehouse developer.
