Industry News
Regis Philbin Lists Greenwich Mansion at a Loss
November 12, 2019 | Reprints | Unlock LinkFamed talk show host Regis Philbin is selling a Greenwich mansion he’s owned for a decade at a substantial loss.
Westport Brokerage Represents Greenwich Buyer of Florida Ex-Mall
November 12, 2019 | Reprints | Unlock LinkMuch of the real estate community in Connecticut is locally-focused, but sometimes its members look outside of the state.
Investment Manager Calls on Banking Industry to ‘Decarbonize’ its Balance Sheets
November 12, 2019 | Reprints | Unlock LinkA new report from Boston Common Asset Management finds that, while risk assessment tools and green banking industry initiatives have expanded in recent years, more changes are needed within the financial industry to manage climate-related risks.
Apartment Complex in Orange Fetches $35M
By Steve Adams | Commercial Record Staff | November 11, 2019 | Reprints | Unlock LinkA 168-unit apartment complex in Orange has been sold to a New Jersey investment firm for $35 million.
Investigation: Aging CT Dams Pose Serious Risk to Those Downstream
By The Associated Press | November 11, 2019 | Reprints | Unlock LinkA two-year-long investigation has uncovered 12 dams in Connecticut
Lamont Expected to Make Push for Transit Funding Plan
By The Associated Press | November 11, 2019 | Reprints | Unlock LinkGov. Ned Lamont and his administration are expected to spend the coming days and weeks pitching the Democrat’s new transportation improvement plan.
Report: Groton Looks to Revitalize Main Street
November 11, 2019 | Reprints | Unlock LinkAs Groton and the surrounding Thames Valley sees the benefits from the Electric Boat Co.’s booming submarine-building business, city officials are looking to bring life back to what was once its bustling main drag along the River Thames.
Developer Sought for East Hartford ‘Live-Work-Play’ Development
November 11, 2019 | Reprints | Unlock LinkThe town of East Hartford hopes to turn one of its most notable commercial properties into a new destination.
Westport Developer Sells Danbury Office Property for $7.6M
By Steve Adams | Commercial Record Staff | November 8, 2019 | Reprints | Unlock LinkA 64,255-square-foot office building in Danbury that’s 81 percent occupied has been sold by its owner since 2010 for $7.6 million.
KeyBank Donates $75K to Help Veterans Become Business Onwers
November 8, 2019 | Reprints | Unlock LinkOfficials with KeyBank has presented a $75,000 grant to support a University of Connecticut program that helps U.S. military veterans become small business owners.
Water Leak Creates Sinkhole at New Haven Condo Complex, Leads to Evacuations
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkA leaking water service line in New Haven has created a sinkhole and has led to evacuations.
Republicans Say They Have ‘Serious Concerns’ About Lamont Transportation Plan
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkGov. Ned Lamont officially unveiled his latest transportation improvement plan Thursday, expressing a willingness to compromise, but noting an urgency to finally address Connecticut’s long-standing transportation challenges.
Consumer Borrowing Rises, Led by More Auto and Student Loans
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkConsumer borrowing rose in September at a modest pace, driven by more student and auto loans, though a category that mostly includes credit cards fell for the second straight month.
102-Unit Mixed-Use Building Planned in Downtown New Haven
By James Sanna | November 7, 2019 | Reprints | Unlock LinkA New Rochelle-based developer has proposed a 102-unit mixed-use building on the site of a pair of downtown New Haven parking lots.
Rocky Hill Retail Plaza Sells for $4.1M
November 7, 2019 | Reprints | Unlock LinkA Rocky Hill retail plaza has sold for $4.1 million.
Lamont’s New Transportation Plan Focuses Tolls on 14 Projects
By The Associated Press | November 7, 2019 | Reprints | Unlock LinkGov. Ned Lamont’s latest transportation improvement proposal limits new tolling to 14 specific bridge, interchange and highway projects, and sets in motion a possible fully functioning airport in south-central Connecticut. It also invests millions in new commuter rail cars and public buses.
13K SF of Leases Inked for Landmark Norwalk Property
November 7, 2019 | Reprints | Unlock LinkFive new leases have been signed for space at The Block at Waypointe, a large mixed-use project located between downtown Norwalk and South Norwalk.
Unknowns About 2020 Election Make Some Businesses Cautious
By The Associated Press | November 7, 2019 | Reprints | Unlock LinkWhile the 2020 presidential election is still a year away, some business owners see their customers already becoming more cautious because of the unknowns about who will be the next president, and which party will control the Senate.
Tax Cut Hit Overshadows Paybacks
By Lew Sichelman | November 7, 2019 | Reprints | Unlock LinkHomeowners, now and in the future, are paying more federal income tax in order to help corporations pay less federal income tax, to the tune of $620 billion.
Limit the Cost of the ‘Nibble’ in Negotiations
By Bernice Ross | Special To Commercial Record | November 7, 2019 | Reprints | Unlock LinkOne of the costliest strategies during a negotiation is what is known as the “nibble.” Everyone knows that “nibbling” on a regular basis can result in a significant weight gain. Many buyers and sellers engage in the “nibble” as a negotiation strategy that can be extremely costly to the other party’s bottom line.
