Industry News
Megabanks Report Record Profits Despite Economic Uncertainty
By Matt Ott | The Associated Press | July 20, 2026 | Reprints | Unlock LinkFive of the biggest U.S. banks reported record profits on last week, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.
New Listings Aiding Connecticut Market While Inventory Lags Behind
By Sam Lattof | July 17, 2026 | Reprints | Unlock LinkThe Connecticut housing market was able to add listings to the market in June, bringing inventory to near parity with where it was this time last year.
Under the Hood of PeoplesBank’s Innovation Engine
By Sam Lattof | July 16, 2026 | Reprints | Unlock LinkPeoplesBank is not looking to be your average community bank, says Chief Operating Officer Aleda DeMaria.
Stamford Residential Tower Fetches $150M
By James Sanna | July 15, 2026 | Reprints | Unlock LinkThe original developer of one of Stamford’s Harbor Point apartment buildings has sold the property for almost $150 million.
Banking Regulators Issue New Guidance on Lending Risk Tied to Borrowers Illegally in US
By Fatima Hussein and Ken Sweet | The Associated Press | July 14, 2026 | Reprints | Unlock LinkThe Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation’s banking system, cracking down on financial institutions that are lending money to them.
New Haven Apartments Trade for Over $6M
By Steve Adams | Commercial Record Staff | July 13, 2026 | Reprints | Unlock LinkA New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
Downtown Stamford Apartments Sell for $221M
By James Sanna | July 10, 2026 | Reprints | Unlock LinkA large downtown Stamford apartment complex has been sold to a New York City investor and property manager.
Price Gap Between New, Existing Homes Narrows
By Lew Sichelman | July 9, 2026 | Reprints | Unlock LinkThe price gap between new and existing houses has been falling in recent years, but buyers are still likely to pay 15 percent more for new construction.
Making Housing Development ‘Palatable’ Through Preservation
By Steve Adams | Commercial Record Staff | July 9, 2026 | Reprints | Unlock LinkFormer factories, schools and office buildings across Connecticut are being revitalized as residences by Pennrose under the leadership of Karmen Cheung, its New England regional vice president.
Downtown Greenwich Property Trades for $10.7M
By Steve Adams | Commercial Record Staff | July 8, 2026 | Reprints | Unlock LinkA 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
Patriot Bank OCC Enforcement Actions End
By Sam Lattof | July 7, 2026 | Reprints | Unlock LinkPatriot Bank is now free from enforcement actions initiated by The Office of the Comptroller of the Currency and says it wants to grow its assets by around $700 million.
Collapsed New London Church Being Replaced by Apartments
By James Sanna | July 6, 2026 | Reprints | Unlock LinkA downtown New London church whose steeple collapsed spectacularly in early 2024 has been demolished, and its replacement is getting ready for construction.
These Amenities May Find a Home
By Lew Sichelman | July 2, 2026 | Reprints | Unlock LinkConcierge-like services that ease the demands of everyday life will allow homeowners to tend to other priorities.
What Powered Connecticut’s Top LOs?
By Sam Lattof | July 2, 2026 | Reprints | Unlock LinkEvery year, the Commercial Record analyzes mortgage data to identify the state’s top loan originators. In a tough market, what helped them beat their competitors? One bank’s experience offers clues.
CT Luxury Home Prices Pricing Outperforming Non-Luxury Homes
By Sam Lattof | July 1, 2026 | Reprints | Unlock LinkLuxury homes are seeing prices increase at a greater rate than non-luxury homes across the country, according to a new report from Redfin. The Connecticut luxury market is showing similar trends.
What the Supreme Court’s Ruling Means for Federal Reserve Independence
By Christopher Rugaber | The Associated Press | July 1, 2026 | Reprints | Unlock LinkThe Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics. But the court didn’t define to what extent.
Investor Pays $42M for Avon Apartments
By James Sanna | June 29, 2026 | Reprints | Unlock LinkA three-building apartment complex in Avon has changed hands, from a Waterbury-based firm to an East Hartford-based investor.
Connecticut Cracks Down on Investor Homebuyer Strategy
By Sam Lattof | June 26, 2026 | Reprints | Unlock LinkInvestors who buy a property and then find a new homebuyer before the initial deal is completed are now required to register with the state of Connecticut.
Real Estate Has Lost Its Way. We Must Return to Our North Star
By Bernice Ross | Special To Commercial Record | June 25, 2026 | Reprints | Unlock LinkThe industry keeps fighting over platforms and policies while agents struggle to do more transactions. And everyone is overlooking hundreds of thousands of potential buyers and sellers.
Big Windsor Office Complex Sells for Pennies on the Dollar
By James Sanna | June 24, 2026 | Reprints | Unlock LinkA 73-acre office property in Windsor has traded hands for around 5 percent of its last sale price two decades ago.
