Industry News
Windsor Warehouse Fetches $25M
June 4, 2025 | Reprints | Unlock LinkThe 165,625-square-foot property at 105 Baker Hollow Road was bought by NorthPoint Development.
Fed Lifts Restrictions on Wells Fargo’s Growth Seven Years After Fake-Accounts Scandal
By Ken Sweet | The Associated Press | June 4, 2025 | Reprints | Unlock LinkThe bank operates around two dozen branches in Connecticut, and has $8.17 billion worth of in-state deposits.
As Inventory Piles Up Elsewhere, CT Markets Still Hot
By James Sanna | June 3, 2025 | Reprints | Unlock LinkThe nation’s housing market had 34 percent more sellers compared to prospective homebuyers in April. Try telling that to someone looking for a home in Connecticut.
PeoplesBank Acquires Naming Rights to Hartford Arena
By Sam Minton | June 3, 2025 | Reprints | Unlock LinkPeoplesBank has continued to invest in marketing for its Connecticut expansion by acquiring the naming rights to what was formerly the XL Center.
New Development Proposal Could See Last of Stamford’s Futuristic Towers Fall
By James Sanna | June 2, 2025 | Reprints | Unlock LinkThe last of Stamford’s Saint John Towers, built for a “Jetsons”-like future that never came to pass, would be demolished under a proposal filed with city officials.
Danbury Greenlights Hotel-to-Apartments Conversion
By James Sanna | May 30, 2025 | Reprints | Unlock LinkDanbury planning officials have given the go-ahead for a developer to turn a 10-story hotel into an apartment building oriented towards creative tenants.
Hartford Is Second-Hottest Housing Market in the Country
By Sam Minton | May 30, 2025 | Reprints | Unlock LinkHomebuyers in New England will have to deal with some of the most competitive markets in the country, according to a new report from Zillow.
Why Marketing Your Listings to Other Agents Still Wins Deals
By Bernice Ross | Special To Commercial Record | May 29, 2025 | Reprints | Unlock LinkYou have just taken a new listing and plan to market it directly to consumers in print, on the web and on social media. Almost no one, however, has a game plan to market to other agents.
A New Name in Time for a Big Anniversary
By Sam Minton | May 29, 2025 | Reprints | Unlock LinkEssex Savings Bank is shortening its name to Essex Bank, a change that President and CEO Diane Arnold reflects that the bank has become more than a place for individuals in Connecticut to store their savings.
Facing Pushback from Neighbors, Developer Proposes 478 Apartments
By James Sanna | May 28, 2025 | Reprints | Unlock LinkNorwalk-based Spinnaker Real Estate Partners is facing opposition from Fairfield residents for its hotel-and-apartments plan for the site of a tired motel.
Chase Plans 14 New Offices for High-End Wealth Management
By Sam Minton | May 28, 2025 | Reprints | Unlock LinkChase is expanding its affluent banking offering by opening 14 new J.P. Morgan Private Client “financial center” offices across four states, including New York and Massachusetts.
Consumer Confidence Rebounds After Five Straight Months of Declines
By Matt Ott | The Associated Press | May 27, 2025 | Reprints | Unlock LinkAmericans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
Enfield’s Ex-MassMutual Campus Sells for $3.99M
By James Sanna | May 27, 2025 | Reprints | Unlock LinkA large, but empty office building just off Interstate 91 in Enfield has traded hands, and its future still seems up in the air.
Homeowners Spend on Renovations and Repairs Despite the Uncertain Economy
By Alex Veiga | The Associated Press | May 23, 2025 | Reprints | Unlock LinkU.S. homeowners are spending more on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.
CT Housing Shortage Costs State ‘Tens of Billions of Dollars’
By James Sanna | May 23, 2025 | Reprints | Unlock LinkThe CBIA released a report arguing the state is around 46,000 homes short of current needs, and needs to build nearly 139,000 over the next 10 years to get back on an even keel.
How Top Real Estate Teams Create Customers for Life
By Bernice Ross | Special To Commercial Record | May 22, 2025 | Reprints | Unlock LinkThere’s an all-out war for consumers between Zillow, Homes.com (owned by CoStar) and the Rocket Companies-Redfin team. But solo agents and agent teams have an ace up their sleeve that can compete against predictive AI and massive ad spending.
Filling in the Missing Pieces in Shopping Centers
By Steve Adams | Commercial Record Staff | May 22, 2025 | Reprints | Unlock LinkDan Zelson and Westport-based Charter Realty are mapping out growth strategies in retail real estate from New England to Montana.
Senate Passes Bill to Prevent Future ‘Zombie’ Mortgages
By Alex Appel | Connecticut Inside Investigator | May 21, 2025 | Reprints | Unlock LinkAn Act Concerning A Study Relating to Banking Issues imposes a 10-year statute of limitations for so-called “zombie mortgages” on one- to four-family dwellings.
Home Listings Surge, But Not in Hartford
By James Sanna | May 21, 2025 | Reprints | Unlock LinkInventory is building up at a good clip in housing markets across the U.S., just not in Connecticut.
Stamford Offices to Become Townhomes
By James Sanna | May 20, 2025 | Reprints | Unlock LinkA cluster of nearly 50-year-old office buildings near Long Island Sound in Stamford is slated to lose one of its number to a housing redevelopment.
