Industry News
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.
Hartford Named Top Place to Sell This Spring
By Sam Minton | April 8, 2025 | Reprints | Unlock LinkGreater Hartford has been named one of the top places to sell this spring according to a new report from Zillow.
Norwalk Ex-Auto Body Sells for Potential Redevelopment
By James Sanna | April 7, 2025 | Reprints | Unlock LinkA three-quarter-acre parcel across the river from downtown Norwalk has traded hands for $1.8 million.
New England Banks Top J.D. Power Satisfaction Rankings
By Sam Minton | April 7, 2025 | Reprints | Unlock LinkAs the national economy inched its way towards a soft landing last year, consumers’ satisfaction with their banks grew.
Zillow Data: Off-Market Listings Fared Worse in Diverse Neighborhoods
By Sam Minton | April 4, 2025 | Reprints | Unlock LinkOff-MLS listings appear to generate lower sale prices than publicly listed ones in majority-minority neighborhoods, according to new research from Zillow.
Fed Chief Indicates No Rate Cut in Offing Due to Tariff Inflation
By Christopher Rugaber | The Associated Press | April 4, 2025 | Reprints | Unlock LinkFed Chair Jerome Powell’s focus on the potential for more inflation suggests that the central bank will likely keep its benchmark interest rate unchanged at about 4.3 percent in the coming months.
What’s Better for Buyers: Commission Percentages or Dollar Figures?
By Lew Sichelman | April 3, 2025 | Reprints | Unlock LinkWhich would you rather pay a real estate agent to help you sell your $450,000 house: a 6 percent sales commission or $27,000? They’re exactly the same amounts, of course, but one sounds a lot less.
The Story Behind a Bank Rebrand
By Sam Minton | April 3, 2025 | Reprints | Unlock LinkGuilford Savings Bank is rebranding to Ascend Bank in the third quarter of 2025. The bank continues to grow, including its recent merger with Eastern Connecticut Savings Bank that will turn it into a $1.4 billion-asset bank.
Trump’s ‘Liberation Day’ Unlikely to Free Biz from Tariff Uncertainty, Experts Say
By Christopher Rugaber and Paul Wiseman | The Associated Press | April 2, 2025 | Reprints | Unlock LinkQuestions will still swirl around trade and tariffs for months to come, economists say. And more tariffs are in the pipeline and could target specific industries like lumber.
Lamont Launches $30M CT Homeownership Push
April 2, 2025 | Reprints | Unlock LinkThe state of Connecticut is dropping $30 million on a trio of programs to boost homeownership in the state. Gov. Ned Lamont announced the launch of CT Home Funds on Tuesday.
Over-Asking Price Home Sales Drop Across CT
By Sam Minton | April 1, 2025 | Reprints | Unlock LinkWhile homebuyer competition is increasing across the United States, the share of homes selling for above asking price in three of Connecticut’s four major housing markets dropped year-over-year.
Investor Unloads West Hartford Multifamily Property for $6.34M
By James Sanna | March 31, 2025 | Reprints | Unlock LinkHartford parking magnate Alan Lazkowski has sold a West Hartford multifamily property to a pair of investors.
Rocket Buying Mr. Cooper in All-Stock $9.4B Deal
By Michelle Chapman | The Associated Press | March 31, 2025 | Reprints | Unlock LinkThe mortgage company Rocket is buying competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after acquiring real estate listing company Redfin.
William Pitt Sotheby’s Names New Brokerage Manager
March 28, 2025 | Reprints | Unlock LinkWilliam Pitt Sotheby’s International Realty announced Thursday that it was naming a leader from rival brokerages to head its New Haven-area offices.
Inflation, Wage Anxiety Jumps as Spring Market Begins
By Christopher Rugaber | The Associated Press | March 28, 2025 | Reprints | Unlock LinkInflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.
Presidential Plans Raise Anxiety in Housing Sector
By Lew Sichelman | March 27, 2025 | Reprints | Unlock LinkIn the market for a newly constructed house? You might want to hurry. Soon, new homes are likely to cost more and take longer to build.
Diverse Workforces Drive Design Changes
By Steve Adams | Commercial Record Staff | March 27, 2025 | Reprints | Unlock LinkAfter studying psychology in college, Katherine Berger pursued architecture as a career but never lost her fascination with human behavior and its implications, which she now deploys as director of interior design at New Haven-based architects Svigals + Partners.
