Felix Charney’s Summit Development has carved out a niche repurposing massive former corporate headquarters in suburban locations. His latest turnaround story took place at The Summit at Danbury, the 1.2 million-square-foot former Union Carbide headquarters. I
Davis Marcus Partners has sold a Wilton office building whose tenants include insurance, technology and financial services companies to New York-based Time Equities for $10.7 million.
Berkshire Bank has named Nitin Mhatre its new CEO. Mhatre was head of Webster Bank’s community bank until October.
The state Senate’s highest-ranking Democrat hopes to tax high-end homes and commercial property in an effort to help lower tax burdens in the state’s poorest cities and suburbs.
Town officials in Southington are seeking to make another major land purchase to prevent a large development within their community.
The Senate approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary on Monday, making her the first woman to hold the job in the department’s 232-year history.
Webster Bank could see $15 million in cost savings from its plans to close branches as it takes steps to reduce expenses while growing its business. The bank announced in December plans to close 27 branches in Massachusetts, Connecticut and Rhode Island, reducing its branch footprint by 17 percent. The closures include 14 of Webster’s