Paredim Partners’ recent $52.5 million purchase of the 194-unit Taft apartments overlooking New Haven Green is the latest illustration of founder David Parisier’s confidence in the strength of the Elm City’s economy and multifamily market.
Housing markets across the country may be slumping, but across Connecticut, indicators suggest demand is still stronger than the pre-pandemic baseline, even if it is waning.
The nation’s largest banks have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.
As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession.
While organized labor had high praise for Democratic Gov. Ned Lamont at the opening day of the Connecticut AFL-CIO political convention on Thursday, workers urged him to do more to help fill numerous open positions in state government and across the state.
A leased retail power center on the border of Farmington and West Hartford has been sold by Tartaglia Commercial Properties for $26.4 million.
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.