Industry News
Report: CT Transit Corridors Are Primed for More Homes
September 15, 2025 | Reprints | Unlock LinkA new report says over half of Connecticut residents live in 9 percent of the state’s land, along existing transit corridors. Those areas have significant opportunities to add even more housing, the report concludes, when combined with areas with existing sewer infrastructure.
M&T Bank CEO Looking for More M&A
By Sam Lattof | September 12, 2025 | Reprints | Unlock LinkSpeaking at an event in Boston, M&T Bank CEO René Jones predicted more M&A activity in the Northeast – including some driven by his own institution.
What Happens When You Lie on Your Loan Application
By Lew Sichelman | September 11, 2025 | Reprints | Unlock LinkEven if you are not prosecuted, if your lender finds out you equivocated, they can call your loan due and payable on the spot.
End of a Momentous Chapter for PeoplesBank
By Sam Lattof | September 11, 2025 | Reprints | Unlock LinkAs CEO of PeoplesBank, Tom Senecal has led the mutual bank through some huge changes in the last 10 years, including its entry into the Connecticut market. He’s now set to retire at the end of the year.
Enfield Mall Redevelopment Takes Next Step
By James Sanna | September 10, 2025 | Reprints | Unlock LinkThe Nebraska-based developer angling to breathe new life into Enfield’s largely dead mall will take the next step forward in making its plan a reality tomorrow.
PeoplesBank Converts to Cloud Platform
By Sam Lattof | September 10, 2025 | Reprints | Unlock LinkPeoplesBank says it’s become the largest U.S. community bank to fully operate on a cloud-native core banking platform after successfully converting to the Nymbus Banking Platform.
Bloomfield Shopping Center Fetches $54M
September 8, 2025 | Reprints | Unlock LinkA Lowe’s-anchored shopping plaza in Bloomfield has traded hands to a Florida investment firm.
CT Sees Big Gain in Home Values
By Sam Lattof | September 8, 2025 | Reprints | Unlock LinkConnecticut’s housing market saw a $43 billion gain in valuation year-over-year in July.
890-Bed Student Apartments Open in Storrs
September 5, 2025 | Reprints | Unlock LinkA Georgia-based developer announced the opening of its latest development, an 890-bed, student-focused apartment complex in Storrs called “The Standard at Four Corners.”
East Lyme Bans Sizeable Developments Through 2029
By Steve Adams | Commercial Record Staff | September 5, 2025 | Reprints | Unlock LinkA moratorium on sewer connections will effectively ban large development in East Lyme until 2029.
Bloomfield Church Wants to Add Affordable Housing
By James Sanna | September 4, 2025 | Reprints | Unlock LinkA Bloomfield nondenominational church has approached town officials with a plan to convert an auxiliary parking lot on its 40-acre property to 146 affordable homes and a daycare center.
PeoplesBank CEO Tom Senecal Announces Retirement
By Sam Lattof | September 4, 2025 | Reprints | Unlock LinkAfter 30 years at PeoplesBank, chairman and CEO Tom Senecal announced that he will retire at the end of 2025.
How the Fed Losing Its Independence Could Affect Your Everyday Life
By Christopher Rugaber | The Associated Press | September 3, 2025 | Reprints | Unlock LinkPresident Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades.
CT Home Ownership Rate Below National Average
By Sam Lattof | September 3, 2025 | Reprints | Unlock LinkAs the homeownership population across the United States has stopped growing, Connecticut’s rate is below the national average, according to a new report from Redfin.
Good Buyers Look Beyond Home Staging
By Lew Sichelman | August 28, 2025 | Reprints | Unlock LinkHouse hunters who visit homes that look like they belong in Architectural Digest need to take a closer look. Those places have been staged to hide their flaws.
Where’s Fairfield County’s Luxury Market Headed?
By Sam Lattof | August 28, 2025 | Reprints | Unlock LinkJason Mudd, the managing partner at Coldwell Banker-affiliated Cindy Raney & Team, is watching buyer demand slow down in the Fairfield County luxury market as economic uncertainty swirls.
Shelton Hotel Could Be Converted to 96 Apartments
By James Sanna | August 27, 2025 | Reprints | Unlock LinkA developer has filed plans with Shelton officials to convert a hotel just off Route 8 into apartments.
Newtown Senior Living Facility Bought by Two Mass. Investors
August 26, 2025 | Reprints | Unlock LinkA pair of Massachusetts real estate firms say they are buying Newtown’s Church Hill Village assisted living and memory care community.
Fed Chair Powell Faces Fresh Threats to Independence Amid Potential Rate Cuts
By Christopher Rugaber | The Associated Press | August 25, 2025 | Reprints | Unlock LinkNow that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
Gen-Z Struggling to Afford Housing Payments
By Sam Lattof | August 25, 2025 | Reprints | Unlock LinkSeven in 10 Gen Z and Millennial renters struggle to afford their regular housing payments, as do 41 percent of homeowners in that age group, according to a new report from Redfin.
