Tenants submitted just over half of May rent payments to retail landlord Federal Realty Investment Trust, but phased reopenings are continuing at its 104 shopping centers as local authorities lift restrictions on public gatherings.
In the wake of nation-wide protests and, in some cases, clashes with police and looting, local and national figures in the real estate and banking industries have largely condemned the violence alongside the killing of a Black Minneapolis man, George Floyd, while in police custody.
In a letter yesterday to the U.S. Conference of Mayors, acting Comptroller of the Currency Brian Brooks said requirements that people wear face masks in public could lead to more bank robberies.
Waterbury police arrested 28 people over the weekend in connection with protests over police killings of Black people, but authorities said the demonstrations were mostly peaceful as they were in cities across Connecticut.
Yale plans to push the end of its fall semester and final exams into an online-only mode, the university said in an open letter on its website.
Bankrupt mall anchor J.C. Penney plans to ask its landlords for free rent.
A commercial building near the center of Hamden has sold.
U.S. construction spending fell 2.9 percent in April with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.
A pair of local developers are asking Fairfield town officials for permission to build a total of 66 apartments near one of the town’s train stations.
A new analysis from investment bank Keefe, Bruyette & Woods shows that small- and mid-cap stock banks in the Northeast had similar credit quality during the first quarter as other SMID banks in the broader group that KBW analyzes.
Expanded free mobile testing for COVID-19, with no prescriptions required, has begun in several Connecticut cities. It’s part of the state’s effort to ramp-up testing of people living in densely populated areas to help keep tabs on possible flareups.
The House gave sweeping bipartisan approval Thursday to legislation modify the terms of Paycheck Protection Program loans made to businesses that have suffered COVID-related losses, giving them more flexibility to use federal subsidies for other costs and extending the lifespan of the program as the economy continues to struggle.
U.S. consumer spending plunged by a record-shattering 13.6 percent in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
A 10-story tower in downtown New Haven took another step towards being permitted after getting approval from a key committee.
The Federal Reserve Bank of Boston has released instructions and documents lenders will use in the Main Street Lending Program, but the program’s launch date still has not been announced.
Commercial tenants in New England are seeking lease renewals with shorter terms, the Federal Reserve’s eight-times-a-year survey of the nation’s regional economy, colloquially called “the Beige Book” after the cover of its print edition, has found.
Connecticut renters and homeowners could miss $366 million in mortgage and rental payments during the coronavirus pandemic without government assistance, according to a study by the Federal Reserve Bank of Boson’s New England Public Policy Center.
In Connecticut, 16,584 filed, over 9,300 fewer than filed last week, according to the federal Labor Department, a significant drop continuing a trend of week-over-week declines since the state’s retail and hospitality sectors, among others, largely shuttered due to the coronavirus.
With mortgage interest rates at historic lows, loan originators in 2019 experienced a months-long refinancing boom that has continued amid the coronavirus crisis.
For all the personal and financial damage the coronavirus pandemic has caused, it has also given new impetus to what had been a slow-moving trend toward healthier homes. And it’s easy to see why.