Westchester News

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.

Fed Official: Need ‘Dust to Clear’ Before Deciding Next Moves
By Christopher Rugaber | The Associated Press | February 18, 2025 | Reprints | Unlock LinkAustan Goolsbee, president of the Fed’s Chicago branch, said if tariffs don’t worsen inflation, rate cuts could resume.

New Haven Multifamily Complex Sells for $72M
By James Sanna | February 18, 2025 | Reprints | Unlock LinkOne of the latest large-scale multifamily complexes to complete in New Haven’s latest building boom have fetched top dollar.

Nationwide Price Cuts Increase, But Not in CT
By Sam Minton | February 13, 2025 | Reprints | Unlock LinkProspective homebuyers are getting some relief amid high interest rates as price cuts are becoming more common nationwide. But the trend doesn’t appear to be affecting New England.

Storrs Grocery Plaza, Apartments Fetches $40M
By James Sanna | February 13, 2025 | Reprints | Unlock LinkA major insurance company bought three buildings in the Storrs Center development across from the University of Connecticut campus.

Fed Chair Says Bank Accounts ‘Safe’ Despite Trump’s Teardown of CFPB
By Christopher Rugaber | The Associated Press | February 12, 2025 | Reprints | Unlock LinkJerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.

Report Says Bridgeport Stadium Could Bring $3.4B Boom
By James Sanna | February 12, 2025 | Reprints | Unlock LinkA proposed professional soccer stadium on Bridgeport’s waterfront could bring in nearly double its construction cost in economic benefits, according to a new study.

New CFPB Head Moves to Shut Down Agency Without Congressional OK
By Christopher Rugaber | The Associated Press | February 10, 2025 | Reprints | Unlock LinkA Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.

Trump, Musk Demand Termination of Federal Office Leases
By Meg Kinnard and Joshua Goodman | The Associated Press | February 5, 2025 | Reprints | Unlock LinkOne of the next moves in President Donald Trump and Elon Musk’s sweeping effort to fire government employees and curtail operations is using the agency that manages thousands of federal employee worksites around the country to cut down on office space.

Manchester Officials Seek Developers for Downtown Parcel
By James Sanna | February 5, 2025 | Reprints | Unlock LinkManchester officials have issued a request for proposals to the real estate industry for a 2.38-acre property at the southern gateway to the city’s Main Street.

Timex Relocates to Shelton Office Park
By James Sanna | February 4, 2025 | Reprints | Unlock LinkFamous watch company Timex Group has inked a lease for space in a Shelton office park to serve as its new headquarters.

What Does Halt to CFPB Work Mean for CT Banks?
By Sam Minton | February 4, 2025 | Reprints | Unlock LinkPresident Donald Trump’s attempt Monday to shut down activity at the Consumer Financial Protection Bureau is raising questions about what it means for local financial institutions.

RMS Buys Land for Future Stamford Apartment Building
By James Sanna | February 3, 2025 | Reprints | Unlock LinkAn affiliate of prolific local developer RMS Compaines has secured site control for its approved downtown Stamford apartment proposal.

Nationwide January Listings Bump Just Barely Touches CT
By Sam Minton | February 3, 2025 | Reprints | Unlock LinkThe local residential real estate market is getting a slight boost according to a new report from Realtor.com, but not much of one.
Finding Money to Rebuild After Disasters
By Lew Sichelman | January 31, 2025 | Reprints | Unlock LinkHurricanes, fires, floods: If you’re struck by one of these disasters, you’re going to need money. The good news is that there are numerous financial resources available.