Industry News
CT’s Seasons FCU Rebrands as ‘Ellafi Federal Credit Union’
By James Sanna | April 28, 2025 | Reprints | Unlock LinkMiddletown-based Seasons Federal Credit Union is shedding its 20-year-old brand in favor of a new one – and a new mission.
Webster Bank Preparing for Possible Recession
By Sam Minton | April 25, 2025 | Reprints | Unlock LinkWebster Bank executives say the bank is preparing for a potential recession as it strengthened its allowance for loan losses in the first quarter.
Housing Conversions Provide Options for Fairfield County Office Owners
By Steve Adams | Commercial Record Staff | April 25, 2025 | Reprints | Unlock LinkFairfield County’s office sector showed positive indicators in the first quarter as the effects of residential conversions removed out-of-favor inventory from the market.
Stamford Office Building Could Become 60 Apartments
By James Sanna | April 24, 2025 | Reprints | Unlock LinkAn aging office building to the north of Stamford’s downtown core is up for a multifamily conversion amid unrelentingly high office vacancy rates and a county-wide surge in housing-focused redevelopments.
Berkshire Bank Sees Net Income Growth to Start 2025
By Sam Minton | April 24, 2025 | Reprints | Unlock LinkEven with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.
459 CT Renters Could Face Eviction if Congress Doesn’t Act
By Jesse Bedayn | The Associated Press | April 23, 2025 | Reprints | Unlock LinkA federal program that pays rent for some 60,000 families and individuals fleeing homelessness or domestic violence could end by next year if more funding isn’t made available.
Report: New Haven Biotech Tower on Hold, Thanks to Trump
By James Sanna | April 23, 2025 | Reprints | Unlock LinkWhat was supposed to be New Haven’s next big life science real estate development and a major landmark at a gateway to the city is suddenly going nowhere, fast.
Meriden Multifamily Trades for $8.6M
By James Sanna | April 22, 2025 | Reprints | Unlock LinkA medium-sized apartment building in downtown Meriden has changed hands at a slight discount from its last sale.
Hartford Realtors Name 2025 ‘Good Neighbor’
April 22, 2025 | Reprints | Unlock LinkThe Greater Hartford Association of Realtors has named a North Canaan-based Realtor as the recipient of its annual “Good Neighbor Award” for her charitable work to help local veterans.
As Spring Housing Market Opens, Optimism Despite Economic Jitters
By Sam Minton | April 18, 2025 | Reprints | Unlock LinkTariff fears might be overshadowing the start of this year’s spring homebuying season, but demand will remain high in Connecticut due to a lack of inventory, market-watchers say.
Stonington Village Gets $41.5M Financing for Housing
By Steve Adams | Commercial Record Staff | April 18, 2025 | Reprints | Unlock LinkA Stonington mixed-use development will add 160 multifamily units after receiving $41.5 million in financing from Liberty Bank.
Redfin Joins Zillow in Not Featuring Delayed Listings
By Sam Minton | April 15, 2025 | Reprints | Unlock LinkNow, two of the big four listing portals say they won’t feature delayed marketing listings under changes to NAR’s pocket listings policy.
Liberty Bank Lands Deal as ‘Official Bank’ of Hartford Yard Goats
By James Sanna | April 15, 2025 | Reprints | Unlock LinkMiddletown-based Liberty Bank now has a big, new marketing platform: the 6,121-seat Dunkin’ Park next to downtown Hartford.
JLL: Apartments Planned for Norwalk Office Building
By James Sanna | April 14, 2025 | Reprints | Unlock LinkCommercial brokerage JLL claims a mostly-empty Norwalk office building is headed for a multifamily conversion.
M&T Ups Ratio of Money Set Aside for Troubled Loans
By Sam Minton | April 14, 2025 | Reprints | Unlock LinkThe bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.
JPMorgan Nearly Doubles Provision for Loan Losses
By Matt Ott | The Associated Press | April 11, 2025 | Reprints | Unlock LinkJPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
From Corporate HQ to Self-Storage: Developer Pitches New Plan for Pepperidge Property
By James Sanna | April 11, 2025 | Reprints | Unlock LinkIt’s a real come-down for the prestige of 595 Westport Ave. in Norwalk, but a developer’s plan to convert the office-and-factory property to self-storage units will keep it active.
Old Saybrook Property With Hollywood Horror Past Heads to Auction
By Steve Adams | Commercial Record Staff | April 10, 2025 | Reprints | Unlock LinkAs expected, the 220 Middlesex Turnpike parcel’s size and location have generated interest from multiple developers. But it’s the property’s connection to an early 1970s horror movie that’s adding an extra layer of interest in the pending sale.
This Real Estate Agent Went FSBO
By Lew Sichelman | April 10, 2025 | Reprints | Unlock LinkThe allure of selling your home on your own, without hiring a real estate professional, is indeed a tempting one. After all, who doesn’t want to put thousands of dollars more into their pockets by foregoing that hefty 5 percent to 6 percent commission?
Will Tariffs Lead to a Recession?
By Christopher Rugaber | The Associated Press | April 8, 2025 | Reprints | Unlock LinkShould the tariffs remain in place for an extended period, they will likely raise costs and uncertainty for businesses, which could reduce their willingness to hire, invest or expand.
