Industry News
Hartford Tops List of Nation’s Hottest Housing Markets
By Sam Minton | March 10, 2025 | Reprints | Unlock LinkNew England boasts some of the hottest markets in the nation according to a new report from Realtor.com.
Norwalk Developer Seeks Apartment, Hotel to Replace Fairfield Motel
By James Sanna | March 10, 2025 | Reprints | Unlock LinkA prominent but aging Fairfield motel near the town’s border with Bridgeport could get redeveloped into a mixed-use project if town officials approve.
NAHB: Higher Lumber Prices Still Likely Despite Trump’s Tariff Delays
By Christopher Rugaber, Josh Boak and Rob Gillies | The Associated Press | March 7, 2025 | Reprints | Unlock LinkPresident Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
Insurers Object to Lamont Climate Change Proposals
By Steve Adams | Commercial Record Staff | March 7, 2025 | Reprints | Unlock LinkResidential development in areas subject to flooding and coastal storm damage would be subject to new state reviews under proposed climate change legislation submitted by Gov. Ned Lamont.
EXp CEO Expects US Home Sales to Rise in Buyer-Friendly Market
By Alex Veiga | The Associated Press | March 6, 2025 | Reprints | Unlock LinkLeo Pareja, CEO of real estate brokerage eXp Realty, thinks home shoppers in places like Florida and Texas will have leverage when it comes time to negotiate with sellers.
13-Building Proposal Could Transform Westport Station Area
By James Sanna | March 6, 2025 | Reprints | Unlock LinkThe rundown commercial district next to Westport’s Metro-North train station could be in line for a near-total makeover if city officials approve it next week.
In-Law Unit Builder Launches in Norwalk
By James Sanna | March 4, 2025 | Reprints | Unlock LinkA new company, based in Norwalk, hopes to help Connecticut homeowners house family members and make some money off their houses – by adding accessory dwelling units.
Trump’s 25 Percent Tariffs on Mexico, Canada Take Effect
By Zeke Miller, Josh Boak and Rob Gillies | The Associated Press | March 4, 2025 | Reprints | Unlock LinkPresident Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
CFPB Drops Enforcement Against Capital One, Rocket Homes and More
By Wyatte Grantham-Philips | The Associated Press | February 28, 2025 | Reprints | Unlock LinkThe Consumer Finance Protection Bureau has dropped several enforcement actions against lenders, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration.
While Competition Was Fierce in 2024, CT Luxury Market Faced Challenges
By Sam Minton | February 28, 2025 | Reprints | Unlock LinkLow inventory levels, changing buyer demographics and a year of climate change-driven extreme weather pulled market trends this way and that.
Guilford Savings Bank Rebrands as ‘Ascend Bank’ After 150 Years
By Sam Minton | February 27, 2025 | Reprints | Unlock LinkThe move comes as GSB seeks approval for a merger, with an eye towards ultimately becoming a statewide bank.
West Hartford Gives Final OK for Redevelopment of Ex-UConn Campus
By James Sanna | February 27, 2025 | Reprints | Unlock LinkAfter years of false starts, the large, vacant UConn campus in West Hartford finally has a complete and clear path forward to redevelopment.
Major Developer Gets OK to Replace Darien Offices with Multifamily
By James Sanna | February 26, 2025 | Reprints | Unlock LinkDallas-based developer Trammel Crow has been approved to build 175 apartments on a Darien office property next to Interstate 95.
CT Min.-Wage Workers Need 107-Hour Workweek to Pay Rent
By James Sanna | February 25, 2025 | Reprints | Unlock LinkMinimum wage workers in Connecticut would need to work 107 hours to afford the median rent. But the good news is that number is trending downward, if only slightly.
Report: Dime Bank CEO to Retire
February 24, 2025 | Reprints | Unlock LinkThe long-running CEO of Norwich-based Dime Bank plans to step down this fall.
CT Legislators Advance Affordable Housing Tax Break
By James Sanna | February 24, 2025 | Reprints | Unlock LinkTax relief for affordable housing developments took a step forward in the state capitol last week.
Trump Seeks Greater Control of Fed with New Order
By Josh Boak | The Associated Press | February 20, 2025 | Reprints | Unlock LinkPresident Donald Trump is moving to give the White House direct control of independent federal corporate regulators.
Windsor Locks Hitches Growth to New Train Station
By Steve Adams | Commercial Record Staff | February 20, 2025 | Reprints | Unlock LinkWhere other passersby saw a 1980s-era strip mall in Windsor Locks’ faded former town center, Dan Drazen envisioned an opportunity.
Hartford Remains Sellers Markets Despite Nationwide Shift
By Sam Minton | February 19, 2025 | Reprints | Unlock LinkWhile nationwide the market is shifting towards buyers, in New England sellers still have the upper hand due to a lack of inventory.
200K SF Warehouse Pitched in South Windsor
By James Sanna | February 19, 2025 | Reprints | Unlock LinkAn LLC registered to a Florida residential address wants to build another large warehouse in South Windsor.
