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Connecticut Real Estate Industry News

Berkshire Hathaway buys agency prominent in Connecticut

01/17/2017 Berkshire Hathaway subsidiary HomeServices of America is acquiring Houlihan Lawrence, a Rye Brook, N.Y.-based real estate brokerage firm with multiple offices in southwestern Connecticut. Berkshire Hathaway (NYSE: BRK) did not state immediately what it ...

Berkshire Hathaway unit buys big NYC-area real estate firm

01/17/2017 The purchase by HomeServices, the second-largest U.S. residential real estate brokerage, was disclosed eight days ... Orange and Ulster in New York, and Fairfield in Connecticut. It said sales volume totaled $6.7 billion last year. Ron Peltier, chief ...

Pershing Square Shopping Center in Derby sells for $9 million

01/17/2017 DERBY >> A Greenwich-based real estate investment trust has added to its portfolio of Connecticut properties with the $9 million purchase of the Pershing Square Shopping Center in Derby. Willing Biddle, chief executive officer of Urstadt Biddle Properties ...

HomeServices buying NYC-area real estate firm Houlihan Lawrence

01/18/2017 The Journal News reports on the deal for Houlihan Lawrence, which is one of the biggest residential real estate players in the New York and Connecticut suburbs north of New York. It has 1,300 agents, 30 offices and recorded $6.7 billion in sales in 2016.

Sen. Kelly serves as assistant majority leader

01/17/2017 Connecticut’s 2017 Legislative Session formally opened ... Kelly will serve as the co-chair of both the Aging Committee and the Insurance and Real Estate Committee. He will also serve as the vice-chair to both the Housing Committee and the Human Services ...

Young adults struggle to move away from home

01/16/2017 At the college level, University of Connecticut-Stamford students Kalea Coles, 20, of Stratford, and Dre’Ana Grant, 18, of Norwalk, also live with their parents, which they say is due to Stamford’s pricey real estate. Both said they work two part-time ...

New Canaan, CT Real Estate: Newly Listed Homes for Sale

01/16/2017 The houses for sale in and around New Canaan are just a small portion of more than 4 million homes sold in Connecticut and across the United States every year. We're not just talking listed homes for sale, either. We're talking about homes for sale ...

Real Estate Profile: Lisa Owen

01/12/2017 Ms. Owen is a licensed real estate broker in both New York and Connecticut and will be specializing in investment sales and leasing of commercial property in Westchester and Fairfield Counties. Lisa comes to Greiner-Maltz with 25 years of experience in all ...

The top 10 commercial real estate sales of 2016

01/14/2017 The buyer, AmCap, Inc. of Stamford, Connecticut, invests in grocery-anchored shopping ... Old Corkscrew Plantation sold for $29,750,000 in 2016; a Lee County top 10 commercial real estate sale of the year. (Photo: Lee County Property Appraiser) The ...

Happening: Real estate licensing class begin in February

01/12/2017 The next Real Estate Principles and Practices licensing class, available through Ridgefield Continuing Education, starts Monday, Feb. 13. The 60-hour course meets the minimum requirements as set forth by the Connecticut Real Estate Commission and ...

Real Estate Annual: The Deal Ticker 2016

01/13/2017 Put another way, that’s larger than the states of Hawaii, New Jersey, Massachusetts, and New Hampshire, and bigger than Connecticut and Delaware combined ... Data is provided by local commercial real estate brokers and firms and taken from D CEO Real ...

Home Foreclosures Tick Up Slightly In Connecticut

01/12/2017 Home foreclosure activity reached a 10-year low across the nation in 2016, but Connecticut didn't have much cause for celebration, a new report Thursday shows. Connecticut was among 12 states and the District of Columbia that saw residential properties ...

Former Springfield City Councilor Anthony Ravosa Jr. slams Connecticut casino process after tribes reject East Hartford proposal

01/10/2017 "This project, as he has known all along, is not about the hurt feelings or interests of a particular real estate developer. It's about protecting Connecticut jobs and preventing a Las Vegas monolith from stealing our jobs and revenue without any ...

MGM Calls On Foxwoods, Mohegan To Release Report On Proposed Third Casino

01/09/2017 On Friday, MMCT, a joint venture of the Mashantucket Pequots and Mohegans, said it eliminated three municipalities — East Hartford, Hartford and South Windsor — as possible sites for the first Connecticut casino off tribal lands. Andrew Doba ...

With visit to Malloy, tribes renew push for I-91 casino bill in 2017

01/06/2017 The Mashantucket Pequot and Mohegan tribal nations signaled Friday with a real-estate announcement and a visit to Gov ... expanding gaming from rural eastern Connecticut to the heavily traveled I-91 corridor between Hartford and Springfield, remains ...

Parking deck next to RenCen selling for $55 million

01/06/2017 A San Diego-based real estate investment trust is paying $55 million for a ... The company has parking facilities in Ohio, Tennessee, Connecticut, Colorado, West Virginia, Wisconsin, Indiana, Minnesota, New Jersey, Indiana, Missouri, Texas and Florida ...

How Crumbling Foundations Affect The Real Estate Market

01/05/2017 (CBS Connecticut) – Crumbling foundations in Eastern Connecticut will affect the real estate market for 25 years to come. That’s the prediction of Dan Keune, president-elect of the Connecticut Association of Realtors. Keune says the problem has been a ...

Connecticut Home Sales Jump in November

01/04/2017 which tracks real estate trends in New England and publishes The Commercial Record. "The Connecticut housing market has remained healthy in the fourth quarter of 2016," said Timothy Warren, chief executive of The Warren Group. "The first half of the year ...

Real Estate Review: Area Realtors offer array of unique services

01/03/2017 From showcasing the highlights of a home for sale to finding the right place to downsize or open a business, area Realtors have a lot to offer with unique services and locations throughout Central Connecticut. Gustin Real Estate Company at 144 West Main St ...

Interpreting November's Housing Results

01/03/2017 The Connecticut Association of Realtors, a statewide trade association representing more than 16,500 real estate professionals engaged in all aspects of real estate in Connecticut, released the November statistics for home sales and median price on Dec. 21 ...

New Parking Garage Proposed Near Old G. Fox Building

01/02/2017 Since taking ownership in 2011, LAZ has been unable to redevelop the property. In 2013, LAZ unsuccessfully sought to bring the new University of Connecticut downtown campus to the site. Last year, LAZ approached the city about partnering on a renovation ...

For Simone Development’s Deglomini, every project offers exciting challenges

12/29/2016 Deglomini has been investing in New York real estate for nearly 20 years and the Simone Development ... Queens, Long Island and Connecticut. The company’s portfolio includes more than 100 properties and ranges from multi-building office parks to ...

Property Rounds: Automated systems become household fixtures in Connecticut

12/29/2016 Southwestern Connecticut homes are getting smarter ... a broker at Memoli and Memoli Real Estate. Amid the technological advances, some home automation experts said that many years-old systems can be easily fixed. “Most of the time, it’s something ...

What are your predictions for commercial real estate in 2017?

12/29/2016 Annie is publisher of the monthly Connecticut section and assists in publishing the monthly Owners, Developers & Managers section and the monthly Construction, Design & Engineering section. Annie has been with the New England Real Estate Journal since 2014.

Top 10 celebrity real estate listings of 2016

12/28/2016 President-elect Trump was a rising star in the New York City real estate world and shopping for his first trophy mansion. Trump’s fabulous homes, that began with that first mansion in Connecticut, is a big part of the man’s story. It was a good ...

Why Your Home’s Tax Assessment Does Not Equal its Value.

12/28/2016 In recent years, however, Connecticut mandated that each of its 169 towns and cities re-assess your property’s value every five years. The reason for the five year revaluation process is the constantly fluctuating real estate market. To further add to no ...

Far From the Laundromat, but Such a Bargain

12/29/2016 They were joined by Mr. Frank’s mother, Shu May Chang, who had once been a real estate agent in New Jersey. “I felt we needed her on our side,” Ms. Paquin said. She and her son “are born and bred New Yorkers, whereas I am a small-town Connecticut ...

Connecticut Attorney Loses License for Second Time

12/27/2016 Summary: A Connecticut-area attorney had his license suspended for ... His conspirators had inflated property values on real estate they were purchasing. This enabled the bottom cost of the properties to be raised and the gain from the sale to be lowered ...

Columbus hotel sold for $9.6M in 1st deal here for out-of-state buyer

12/27/2016 VWI Columbus, a joint venture of Minneapolis’ Varde Partners, Connecticut’s Waramaug Hospitality and ... CBG). Evan Weese covers real estate, money and the business of sports for Columbus Business First.

Lincoln Culinary Institute Closes Hartford School After Nearly Three Decades

12/28/2016 And the subsequent lack of financial aid was problematic for the school, a massive piece of real estate that has the capacity to house 500 students on six floors of converted hotel space. "Connecticut is an expensive place to do business; Hartford is an ...

Top 10 Best Connecticut real estate news of 2016

12/27/2016 Connecticut is home to some truly spectacular houses, including many with celebrity ties. According to real estate site, Zillow, the 10,600 sq. ft. recreation and entertainment center is a three-floor structure that includes a basketball court, golf ...

New London, CT Real Estate: Foreclosures

12/24/2016 Foreclosures listed for sale in and around New London could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across Connecticut, including in New London. So where can you ...

November home sales in Greenwich defy positive national trends

12/23/2016 Pruner speculated Connecticut’s “perception for taxing high-income ... “If you look only at the sales, as some pundits do, you’d swear that the Greenwich real estate market is in deep trouble,” Pruner wrote in a November analysis.

business spotlight for 12-24/25 2016

12/23/2016 Nigrelli has been licensed as a real estate broker in Rhode Island and Connecticut since 2000. She joined Randall, Realtors as a sales associate in 2011 and was named assistant manager in 2013. In her new position she is overseeing an agent workforce of 22.

Commercial real estate ‘Deals of The Year’ in Greater New Haven

12/23/2016 Pearce Real Estate. Russell was honored for his service to the real ... Russell has also been named “Realtor of the Year” by both the Greater New Haven Board of Realtors and Connecticut Association of Realtors. He is an active member of the Rotary ...

New developments in central Norwalk target growing millennial market

12/22/2016 Millennials make up roughly 23 percent of Norwalk’s population, according to the 2014 town profile provided by the Connecticut Economic Resource ... used by everyone from dentists to real estate agents. Now, the buildings are returning to their ...

TAX COLLECTORS NOTICE CITY OF WEST H

12/23/2016 12-145 of the Connecticut State Statutes, the undersigned Tax Collector of the city of West Haven gives notice that taxes for the October 1, 2015 grand list for real estate, motor vehicle, personal property and sewer use fees, are due and payable on July 1 ...

Shoreline Officials Want To Hit The Brakes On Federal Railroad Proposal

12/23/2016 The FRA met stiff opposition in Connecticut last week when it released a massive ... The Old Saybrook bypass would "eviscerate neighborhoods, historic landmarks and real estate values," they said in a joint statement condemning the idea.

New uses for Connecticut industrial sites — and smarter reuse

12/21/2016 Nowhere has the movement been cemented more solidly than Stamford, with the success of the massive Chelsea Piers Connecticut sports facility ... Joe Wrinn of Goodfellow Real Estate said good old-fashioned “Yankee ingenuity” consistently keeps ...

Boys & Girls Club Welcomes New Board Members

12/22/2016 He then went on to attain his Bachelor’s degree from Southern Connecticut State University in Psychology ... and Trumbull as well as a realtor with William Raveis Real Estate. He serves the City of Shelton as a Deputy Fire Marshal and a Fire Commissioner ...