Branford Flex Portfolio Gets $9.6M for Recap
By Steve Adams | Commercial Record Staff | August 4, 2020 | Reprints | Unlock Link 
A four-building flex and R&D portfolio in Branford has received $9.6 million in permanent financing for a recapitalization.
Construction Employment Recovering from Pandemic Lows
July 31, 2020 | Reprints | Unlock Link
Construction employment in Connecticut’s three largest metro areas is on the rise again after the coronavirus pandemic disrupted the typical flow of projects.
Multifamily Permits Take Tumble in June
By James Sanna | July 31, 2020 | Reprints | Unlock Link
The total number of housing units permitted in Connecticut in June dropped sharply last month despite a modest increase in the number of single-family homes OK’d.
Berkshire Bank Writes Off $554M in Goodwill
By James Sanna | July 30, 2020 | Reprints | Unlock Link
With most bank stocks trading much lower than pre-pandemic levels, Berkshire Bank announced in its second-quarter earnings statement that it had written off all goodwill on its books resulting from previous acquisitions.
Fauci: Connecticut is in ‘A Good Place,’ Advises Vigilance
Dr. Anthony Fauci, the nation’s top infectious disease expert, said Monday that Connecticut is currently “in a good place.”
Salisbury Bank On Par with Second Quarter Earnings
Lakeville-based Salisbury Bank had second quarter earnings on par with the same period last year despite a $1.8 million loan loss provision.
Retail Rout Gains Pace, Lord & Taylor Seeks Bankruptcy
Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic.
Essex Savings Bank Promotes Five
Essex Savings Bank has promoted five employees.
Dunkin’ to Close 800 US Stores as Pandemic Hurts Sales
By The Associated Press | July 31, 2020 | Reprints | Unlock Link
Dunkin’ Brands Inc. expects to close up to 800 underperforming U.S. stores this year as it tries to shore up its portfolio in the wake of the coronavirus pandemic.
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