Greenwich Offices Sell for $5.15M
A Greenwich office building has sold for $5.15 million.
South Windsor Private Lender CEO Steps Down
South Windsor-based direct private lender RCN Capital said in a statement released today that CEO Don Vaccaro will be stepping down effective June 30.
Shelton Energy Efficiency Proptech Lands $55M Funding Round
A Shelton proptech startup focused on helping commercial real estate properties manage their energy use more efficiently is growing, thanks to a new round of funding led by Balance Point Capital with participation by Connecticut Innovations.
Report: Tolls Vote Unlikely to Happen Soon
Gov. Ned Lamont faces increasing pressure from Democratic legislative leaders to find a compromise with Republican legislators over tolls, delaying a vote on one of the governor’s signature initiatives.
New Home Sales in Northeast Down 18 Percent in May
Sales of new U.S. homes slumped 7.8 percent in May, as sales plunged in the pricier Northeastern and Western markets.
Three Developers Propose $100M Makeover for Downtown Hartford Street
A Chelsea Market-style food hall could be coming to downtown Hartford if a group of developers have their way.
Report: Stamford Apartment Complex Sells for $50M
A Stamford apartment complex has sold for $50 million in one of the city’s biggest real estate transaction this year.
Hartford Insuretech Bought by Investment Firm
Insurity Inc., one of the leading software platforms for the property and casualty insurance industry, announced it is being acquired for an undisclosed sum by private investment firm GI Partners, a middle-market alternative asset manager.
Yale Buys Two New Haven Retail Properties for $3.8M
Yale University has bought two downtown New Haven retail properties, one vacant, for $3.8 million.
Tens of Thousands Swarm Boston Casino on Opening Day
Massachusetts’ third casino officially opened its doors near Boston on Sunday to thousands of patrons, including some who had lined up in the early morning hours to finally get their first look at the glitzy $2.6 billion Encore Boston Harbor facility after years of anticipation and controversy.
Large Banks Struggle to Turn Profit on Mortgages
Large banks lag far behind their independent competitors when it comes to making a profit on retail residential mortgages.
56K SF Lease Inked in Milford
A California-based national home staging company has signed a lease for a large warehouse space in Milford.
North Haven Amazon Facility ‘On Track’ for Summer Opening
One of the biggest commercial real estate projects in the New Haven area is on track, Amazon leaders told Gov. Ned Lamont as he toured the company’s under-construction fulfillment center in North Haven on Tuesday.
Recently-Sold Waterbury Industrial Building Lands First Tenant
A recently sold Waterbury manufacturing building has landed its first tenant.
CHFA Appoints Smith as Interim Head
The board of directors of the Connecticut Housing Finance Authority has appointed Diane L. Smith as interim executive director.
Southington College Campus Set for Auction Aug. 16
The former campus of a Southington college is up for auction.
131-Room Hotel Pitched for Last Somerset Square Pad
A developer is pitching a 131-room hotel for the last undeveloped parcel in Glastonbury’s Somerset Square project.
Lamont Pitches Middle-Class Tax Cut to Secure Tolls Votes
Gov. Ned Lamont acknowledged Wednesday there is a divide between his administration and Connecticut legislators over the need for electronic tolls to generate more state transportation revenue and pitched a “middle-class tax relief” as a way to lessen tolls’ impact on residents.
Fed Leaves Its Key Rate Unchanged but Hints of Future Cuts
The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.
Man Indicted for Fraud, Embezzlement
A New York man who ran a Connecticut-based nonprofit designed to find support and resources for people with chronic pain issues has pleaded guilty to embezzling about $1.5 million from the organization.
