Industry News
Lamont Extends COVID Quarantine to Three More States
By The Associated Press | July 8, 2020 | Reprints | Unlock Link
Anyone traveling into Connecticut, New York or New Jersey from three additional states – Delaware, Kansas and Oklahoma – must now self-quarantine for 14 days to help prevent the spread of COVID-19.
Brooks Brothers Files for Bankruptcy
By The Associated Press | July 8, 2020 | Reprints | Unlock LinkThe storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection.
People’s United, Webster Top List of CT PPP Lenders
By Diane McLaughlin | July 7, 2020 | Reprints | Unlock LinkBridgeport-based People’s United Bank processed the most Paycheck Protection Program loans in Connecticut, according to data released by the U.S. Small Business Administration.
Not So Lucky: Danbury, Westport to Lose High-End Denim Stores
July 7, 2020 | Reprints | Unlock LinkLucky Brand Jeans plans to close 13 stores, including two in Connecticut, as it files for bankruptcy and sells itself to a prominent international clothing retailer.
New Haven Life Science Tower Gets Zoning OK
July 7, 2020 | Reprints | Unlock LinkNew Haven’s Board of Alders gave critical backing to zoning changes that will enable the construction of the city’s next big biotech real estate project downtown.
Lamont Delays COVID Reopening Phase Three
By The Associated Press | July 7, 2020 | Reprints | Unlock LinkConnecticut residents will have to wait longer to enjoy a drink in a bar or attend larger indoor and outdoor gatherings. They’ll also have to wait longer for the capacity limits to be increased in places likes restaurants and gyms.
Housing Confidence Gaining Steam After Nearing Survey Low
July 7, 2020 | Reprints | Unlock LinkAbout 61 percent of Americans think June was a good time to buy a home according to a new survey from Fannie Mae which wrapped up just before COVID-19 cases started spiking in many states outside the Northeast.
Zillow: Greater Hartford Inventory Holding Steady, Far Below 2019
By James Sanna | July 6, 2020 | Reprints | Unlock LinkThe number of houses and condominiums for sale in Greater Hartford is holding steady, although overall inventory is still far from where it was this time last year, according to new data from Zillow.
Kornreich Joins Angel Commercial
July 6, 2020 | Reprints | Unlock LinkThere’s a new face among one of Fairfield County’s commercial real estate brokerages.
Main Street Lending Program Fully Operational
July 6, 2020 | Reprints | Unlock LinkThe Federal Reserve has finalized the last piece of the Main Street Lending Program, making it now fully operational.
Survey Finds Demand for Quality Online Banking Platforms Across Generations
By Diane McLaughlin | July 6, 2020 | Reprints | Unlock LinkEven before consumers had felt the full effects of the coronavirus pandemic and economic shutdown, customers across generations considered easy-to-use online banking an important factor when looking for a new banking relationship, according to a survey by Boston-based Aite Group.
Lamont Turns to Outside Experts to Fight Virus
By The Associated Press | July 6, 2020 | Reprints | Unlock LinkGov. Ned Lamont, a businessman-turned-politician, mid-way into his first term, did what felt natural when he faced the prospect of large numbers of coronavirus infections spreading from neighboring New York into his state.
Former Waterbury Resident Pleads Guilty in Fraud Scheme
July 2, 2020 | Reprints | Unlock LinkA former Waterbury woman became the fourth person to plead guilty in a counterfeit check scheme that defrauded banks of approximately $240,000.
Branford Retail Tenant Doubles Footprint, Renews Lease
July 2, 2020 | Reprints | Unlock LinkA Branford retail center has seen a key tenant expand their footprint by 50 percent while singing a long-term renewal on their lease.
Man Falls 20 Feet Through House Floor Into Well Hidden by Addition
By The Associated Press | July 2, 2020 | Reprints | Unlock LinkChristopher Town was helping a friend move into a mid-19th century home in Guilford on Sunday when he fell through a floor and landed 20 feet down in a well that had been covered up by an addition years ago.
FHA Lending Continues, Even During Pandemic
By Diane McLaughlin | July 2, 2020 | Reprints | Unlock LinkThe Warren Group is reporting the top lenders for FHA loans, as well as VA loans, home equity lines of credit and adjustable rate mortgages in Connecticut. The rankings include banks, credit unions and mortgage companies and are based on loan volume in 2019.
Remodeling Succumbs to the Virus
By Lew Sichelman | July 2, 2020 | Reprints | Unlock LinkAccording to a survey by the National Association of Home Builders, the pandemic all but shut down remodeling. But with inventory low due to the pandemic, could stuck homeowners start eyeing projects?
Troubled University of Bridgeport to Be Absorbed by Three Schools
July 1, 2020 | Reprints | Unlock LinkThe heads of four major Connecticut institutions of higher learning announced a plan Tuesday that would preserve, or even grow, the industry’s presence in Connecticut’s biggest city.
Senate Extends Paycheck Protection Program Again; $130B Left
By The Associated Press | July 1, 2020 | Reprints | Unlock LinkDemocrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.
Mortgage Applications Decline Again
July 1, 2020 | Reprints | Unlock LinkPurchase mortgage applications declined for the second straight week after two months of growth, according to the Mortgage Bankers Association’s latest survey.
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