Industry News

FOMC Members Concerned About Small Banks And CRE Lending

Yesterday’s release of meeting minutes from the Federal Open Market Committee’s July 25-26 meeting garnered plenty of headlines due to the dialogue between FOMC members suggesting a rate increase in December may not be as certain as some had initially thought. But smaller banks were not left out of the FOMC’s discussion.

West Haven Crossroads Gets A New Life

West Haven Crossroads Gets A New Life

As the firm’s design is revealed to the community and the first tenants are moving in, Acorn Group and Svigals + Partners announce that the planning concepts utilized to reinvigorate the busiest intersection in the state of Connecticut are coming to fruition.

Mortgage Rates Drop Again

Mortgage Rates Drop Again

Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty.

Foxwoods Casino Expands With Thrill Rides

Foxwoods announced the next step in the resort’s long-term plan to develop a comprehensive portfolio of tourism options with the opening of the Thrill Tower at Foxwoods. Thrill Tower encompasses two new rides: the Sky Drop and Sky Launch.

Local Community Organizations, Administration Gather To Discuss State Budget

Gov. Dannel P. Malloy recently met with the leadership of the Connecticut Conference of Municipalities and the Connecticut Council of Small Towns (COST) to discuss the impact that the state budget impasse is having on local communities and to explore areas of common interest where the administration and the organizations could work together.