Residential Real Estate
New Haven Multifamily Investment Properties Sold for $14M
By Steve Adams | Commercial Record Staff | November 19, 2019 | Reprints | Unlock Link
The recent sales of five New Haven properties for over $14 million reflects nearby development activity that’s increasing demand for multifamily investments, according to a broker who represented owners in the transactions.
Coldwell Banker CT Launches Home Improvement Program
November 19, 2019 | Reprints | Unlock LinkColdwell Banker Residential Brokerage’s Connecticut and Westchester County, New York office has launched a new home improvement program with a promise to cover sellers’ up-front repair costs, repayable at closing with no interest.
Report: Connecticut Has Highest Number of Metal Theft Claims
By The Associated Press | November 19, 2019 | Reprints | Unlock LinkA new report says Connecticut has had the most metal theft insurance claims in the country.
Report: Activists Hope New Hartford Housing Codes Will Clean Up Apartments
November 18, 2019 | Reprints | Unlock LinkUnder newly-adopted housing codes, Hartford landlords will now have to register with the city the names of every owner, operator and LLC member of any company that owns housing there.
Price for New Home Lots in New England Over Twice the National Median
November 18, 2019 | Reprints | Unlock LinkLots for new-build single-family homes reached a new record high nationwide in 2018, with prices in the five New England states sitting at more than double the national median.
Speeding Up CT to NYC Commute Key Focus of Lamont, GOP Plans
By The Associated Press | November 18, 2019 | Reprints | Unlock LinkMaking it easier and faster to travel to and from New York City is a big selling point for two newly proposed multi-billion-dollar plans to overhaul Connecticut’s transportation system.
CT Senate Republicans Unveil No-Tolls Transportation Plan
By The Associated Press | November 15, 2019 | Reprints | Unlock LinkSenate Republicans in Connecticut unveiled an alternative transportation plan on Thursday that doesn’t rely on tolls or tax increases but includes many of the same projects proposed by Democratic Gov. Ned Lamont.
Homeowners Expected to Seek Help After Foundations Ruling
By The Associated Press | November 14, 2019 | Reprints | Unlock LinkThe superintendent of the captive insurance company that’s providing financial relief to homeowners with crumbling foundations says he expects dozens more affected homeowners will soon seek help, given recent action by the Connecticut State Supreme Court.
Lamont Gets Pushback on Tolls from Senate Democrats
By The Associated Press | November 14, 2019 | Reprints | Unlock LinkA key bloc of Connecticut state lawmakers, Senate Democrats, told Gov. Ned Lamont on Wednesday they like many of the projects in his new, 10-year transportation improvement plan, but they don’t like relying on tolls to partially pay for them.
Accessory Units Gain Traction Nationwide
By Lew Sichelman | November 14, 2019 | Reprints | Unlock LinkToday, proponents of accessory units believe they will help ease housing shortages by expanding the options for people of all ages. Now, many communities throughout the country have been relaxing their restrictions against ADUs, or outright encouraging them.
NAR Votes to Cracks Down on Pocket Listings
By James Sanna | November 13, 2019 | Reprints | Unlock LinkThe National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
By The Associated Press | November 13, 2019 | Reprints | Unlock LinkFed Chairman Jerome Powell said the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy slows enough to cause policymakers to make a “material reassessment” of their outlook.
Lamont Says He Plans to Hold Forums on Transportation Plan
By The Associated Press | November 13, 2019 | Reprints | Unlock LinkGov. Ned Lamont says he’ll hold public forums on his new transportation improvement plan.
Regis Philbin Lists Greenwich Mansion at a Loss
November 12, 2019 | Reprints | Unlock LinkFamed talk show host Regis Philbin is selling a Greenwich mansion he’s owned for a decade at a substantial loss.
Investigation: Aging CT Dams Pose Serious Risk to Those Downstream
By The Associated Press | November 11, 2019 | Reprints | Unlock LinkA two-year-long investigation has uncovered 12 dams in Connecticut
Lamont Expected to Make Push for Transit Funding Plan
By The Associated Press | November 11, 2019 | Reprints | Unlock LinkGov. Ned Lamont and his administration are expected to spend the coming days and weeks pitching the Democrat’s new transportation improvement plan.
Republicans Say They Have ‘Serious Concerns’ About Lamont Transportation Plan
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkGov. Ned Lamont officially unveiled his latest transportation improvement plan Thursday, expressing a willingness to compromise, but noting an urgency to finally address Connecticut’s long-standing transportation challenges.
Lamont’s New Transportation Plan Focuses Tolls on 14 Projects
By The Associated Press | November 7, 2019 | Reprints | Unlock LinkGov. Ned Lamont’s latest transportation improvement proposal limits new tolling to 14 specific bridge, interchange and highway projects, and sets in motion a possible fully functioning airport in south-central Connecticut. It also invests millions in new commuter rail cars and public buses.
Tax Cut Hit Overshadows Paybacks
By Lew Sichelman | November 7, 2019 | Reprints | Unlock LinkHomeowners, now and in the future, are paying more federal income tax in order to help corporations pay less federal income tax, to the tune of $620 billion.
Report: At Greenwich Forum Ray Dalio Calls Capitalism a ‘Broken’ System
November 6, 2019 | Reprints | Unlock LinkAt an economic forum in Greenwich Tuesday, star hedge fund manager and Greenwich resident Ray Dalio said the world’s bedrock economic system was “broken.”
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