Industry News
Court Clears Way for Hartford Stadium Area Development
November 21, 2019 | Reprints | Unlock LinkThe city of Hartford has won a major ruling which clears the way for development to move forward on long-empty parcels surrounding Dunkin’ Donuts Park, home of the Hartford Yard Goats minor league baseball team.
Lesa Vanotti Named Torrington Savings Bank President
By The Commercial Record | November 21, 2019 | Reprints | Unlock LinkTorrington Savings Bank has appointed Lesa Vanotti as the institution’s new president and COO, making her the 14th president in the bank’s 150-year history.
Choyce Peterson Names Vice President
November 21, 2019 | Reprints | Unlock LinkNorwalk commercial real estate brokerage Choyce Peterson Inc. has hired Scott C. Peterson as vice president.
Connecticut House Democrats Suggest Tolling Only Trucks
By The Associated Press | November 21, 2019 | Reprints | Unlock LinkDemocratic leaders of the Connecticut House of Representatives suggested Tuesday the governor reconsider tolling just big trucks, a concept the Democrat campaigned on during last year’s election but later discarded in favor of tolling all vehicles.
Fed Minutes: Officials Felt Three Cuts this Year Could Be Enough
By The Associated Press | November 21, 2019 | Reprints | Unlock LinkMost Federal Reserve officials feel that the three rate cuts they have made this year would be enough unless the economy weakened significantly.
A Catalyst for Change on Campus
By Steve Adams | Commercial Record Staff | November 21, 2019 | Reprints | Unlock LinkAs Glastonbury-based architect SLAM Collaborative has built a national platform with offices from Boston to Los Angeles, Managing Principal for Design Mark Rhoades has been in the thick of the action, designing facilities including Fairfield University’s Dolan School of Business, Sacred Heart University’s West campus and new residential quad and University of Hartford’s Barney School of Business.
Landlord Convicted of Sexually Abusing Student Faces Sentencing
By The Associated Press | November 20, 2019 | Reprints | Unlock LinkA New Haven rabbi and landlord convicted of sexually abusing a teenage boy who attended a school the rabbi founded is facing sentencing.
Guilford Savings Bank Receives OK to Reorganize as Stock Bank
By Diane McLaughlin | November 20, 2019 | Reprints | Unlock LinkThough it does not intend to issue common stock, Guilford Savings Bank plans to reorganize as a stock bank and has received approval from Connecticut’s banking commissioner to move forward.
44-Unit Infill Building Pitched for Downtown New Haven
By James Sanna | November 20, 2019 | Reprints | Unlock LinkMultifamily developer Nicholas Falker, a principal at Cambridge Realty Partners, is proposing to build a 44-unit, 44,000-square-foot building on the current site of a parking lot at 104 Howe St.
Office-Retail Plaza Proposed in South Windsor
By James Sanna | November 20, 2019 | Reprints | Unlock LinkFarmington-based The Metro Realty Group Ltd. is proposing a four-building mixed-use development in South Windsor adjacent to the town’s new Evergreen Walk lifestyle center.
Former Credit Union CEO Sentenced for Bank Fraud
By The Commercial Record | November 20, 2019 | Reprints | Unlock LinkThe former CEO of New Haven County Credit Union was sentenced to two years of supervised release for participating in a scheme to transfer credit union funds to an East Haven restaurant.
New Haven Multifamily Investment Properties Sold for $14M
By Steve Adams | Commercial Record Staff | November 19, 2019 | Reprints | Unlock LinkThe recent sales of five New Haven properties for over $14 million reflects nearby development activity that’s increasing demand for multifamily investments, according to a broker who represented owners in the transactions.
Coldwell Banker CT Launches Home Improvement Program
November 19, 2019 | Reprints | Unlock LinkColdwell Banker Residential Brokerage’s Connecticut and Westchester County, New York office has launched a new home improvement program with a promise to cover sellers’ up-front repair costs, repayable at closing with no interest.
South Windsor OKs New Distribution Center
By James Sanna | November 19, 2019 | Reprints | Unlock LinkScannell Properties received the OK for yet another distribution center in the Hartford area.
Report: Connecticut Has Highest Number of Metal Theft Claims
By The Associated Press | November 19, 2019 | Reprints | Unlock LinkA new report says Connecticut has had the most metal theft insurance claims in the country.
Trump Summons Powell to Discuss Rates Amid His Attacks on Fed
By The Associated Press | November 19, 2019 | Reprints | Unlock LinkPresident Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates – issues on which Trump has repeatedly attacked the Fed.
320K SF Multifamily Building Pitched Near New Haven’s Winchester Complex
By James Sanna | November 18, 2019 | Reprints | Unlock LinkA 12.7-acre patch of wasteland north of Yale University’s main campus is in line for a revival if developers can convince the New Haven City Plan Commission to approve their 320,000-square-foot residential project planned for the site.
Multitenant Flex Building Sells for $1.9M
November 18, 2019 | Reprints | Unlock LinkA Woodbridge flex/industrial building has sold for $1.9 million in an investment sale.
Report: Activists Hope New Hartford Housing Codes Will Clean Up Apartments
November 18, 2019 | Reprints | Unlock LinkUnder newly-adopted housing codes, Hartford landlords will now have to register with the city the names of every owner, operator and LLC member of any company that owns housing there.
Price for New Home Lots in New England Over Twice the National Median
November 18, 2019 | Reprints | Unlock LinkLots for new-build single-family homes reached a new record high nationwide in 2018, with prices in the five New England states sitting at more than double the national median.
