Will the Fed Cut Rates Enough to Secure a Soft Landing?
Plenty of uncertainty still surrounds this week’s Fed meeting. How much will the policymakers decide to reduce their benchmark rate, now at 5.3 percent? Will it be enough to avert a recession?
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A Low-Cost Lender for Green Building Projects
Commercial landlords and developers face difficult decisions about how to finance sustainable building projects to control energy costs and comply with decarbonization regulations.
New Haven OK’s Events Center on Mansion Grounds
New Haven city planning officials voted to approve the first phase of a redevelopment plan last week that would see a 26.5-acre former estate get subdivided into an events center and an area that could be developed later into housing.
New Haven Estate Could Get Dozens of Homes
A 26.5-acre historic estate in New Haven’s East Shore neighborhood could new development and a restoration under a plan submitted to city officials by the new owners.
Low-Carbon Hotel Points the Way in New Haven
Connecticut’s hotel market was hammered by the pandemic. But one project is now reaping benefits with above-anticipated occupancy levels and room rates, in a sign of the New Haven hospitality market’s resilience.
Payveris Launches Loan Repayment Service
Cromwell-based Payveris, a technology company offering a digital payments platform, has launched a loan and debt repayment service that provides consumers with real-time payment options.
Another Brutalist Reclamation Project for Westport Architect
New Haven’s vacant former Pirelli-Armstrong Tire Co. office building was a bleak economic indicator visible to Interstate 95 travelers for decades. But Westport developer and architect Bruce Becker saw a real estate opportunity in the Brutalist edifice.
Cromwell-based Payveris Launches P2P Service
Cromwell-based financial technology company Payveris has launched a peer-to-peer payment feature that the company said is a rival to Zelle, Venmo, PayPal and Cash App.
New Haven Landmark Sold, Boutique Hotel Planned
After serving as nothing more than an architecturally significant billboard for the neighboring IKEA store, New Haven’s Pirelli Building has been sold to a developer who plans to renovate it into a boutique hotel.
Fairfield Retail Property Sells for $735K
A fully-leased retail property located at 1485 Black Rock Turnpike in Fairfield has sold for $735,000
Guilford Contractor Sentenced for Submitting False Claims to Postal Service
Marcel Van Wolvelaerd, 63, of Guilford, was sentenced on Nov. 28 to six months of imprisonment, followed by two years of supervised release, for submitting false documents to the U.S. Postal Service.
Guilford Contractor Faces Prison For Submitting False Claims
A Guilford contractor pleaded guilty in New Haven federal court to submitting false documents to the U.S. Postal Service.
Conn. CPA To Lead KPMG\’s Banking And Finance Practice
KPMG has named Brian Stephens, a Certified Public Accountant in the state, as national leader of the firm’s banking and finance practice.
United Rentals Strengthens Energy Sector Focus With Acquisition Of W.V. Co.
Greenwich-based construction equipment rental firm United Rentals Inc. has acquired the assets of Blue Mountain Equipment Rental Corp., a company with locations in Pennsylvania and West Virginia.
Forced Pooling: When Landowners Can\’t Say No to Drilling
As the shale gas boom sweeps across the U.S., drillers are turning to a controversial legal tool called forced pooling to gain access to minerals beneath private property–in many cases, without the landowners’ permission.
Gas Co.’s Brookfield Expansion Goes Smoothly
The scheduled expansion of Iroquois Gas Transmission System’s Brookfield Compressor Station has been completed, and an upgraded compressor system is online and running smoothly, according to a statement.
UBS Top Job A Poisoned Chalice
Being at the helm of Switzerland’s best-known bank might once have been the pinnacle of a Swiss banker’s ambition, but few today envy UBS chief executive Marcel Rohner as he struggles to rebuild the battered bank.
Investors Unfazed by Bottom-Line Hits
Despite some big hits taken by the big banks, Wall Street appears unfazed.
Both Swiss-based UBS and New York-based Citigroup forecast hits to their respective bottom lines for the third quarter, largely tied to subprime bleeding, but investors appeared to take the news in stride.
