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Connecticut Real Estate Industry News

GE To Shed $26.5 Billion in CRE Assets

04/10/2015 Seeking to refocus on its core industrial manufacturing business, GE said it will dispose of almost all of the real estate assets of its GE Capital commercial unit over the next 24 months. The Connecticut-based global conglomerate announced agreements this morning to sell most of those assets after its board of directors decided to take advantage of favorable market conditions for commercial ...

GE To Sell $26.5 Billion in CRE Assets

04/10/2015 GE has determined that market conditions are favorable to dispose of most GE Capital commercial real estate assets over the next 24 months. The Connecticut-based GE announced sales agreements this morning for most of those assets and will re-focus on its industrial businesses. As part of the plan, GE said it will sell the bulk of the assets of GE Capital Real Estate to funds managed by The ...

Connecticut among worst states to be a taxpayer

04/08/2015 A report released this year ranks Connecticut as one of the worst states to be a taxpayer.

Report: Home, condo sales up in state, but at lower prices

04/08/2015 A real estate research group says single-family home and condo sales in Connecticut jumped in February, but at lower prices. The Warren Group said Wednesday that sales of 1,352 homes were up nearly 14 ...

As tax season wraps, CT remains among the highest

04/06/2015 As tax season prepares to wrap up, a new survey said Connecticut has one of the highest real estate and vehicle property taxes in the country.

Proposed Law Would Bar Companies from Denying Insurance, Raising Rates Based on Dog Breed

04/01/2015 Proposed Law Would Bar Companies from Denying Insurance, Raising Rates Based on Dog Breed Proposed Law Would Bar Companies from Denying Insurance, Raising Rates Based on Dog Breed Legal Has Been Optimized Republican Rep. Brenda Kupchick of Fairfield told the Hartford Courant in January that she was introducing legislation to bar insurance companies issuing a homeowners’ policy in Connecticut ...

Ex-Connecticut Gov. Rowland sentenced to prison a 2nd time

03/18/2015 Former Connecticut Gov. John Rowland was sentenced to 2 1/2 years in prison for a political consulting scheme on Wednesday, exactly one decade after he was ordered behind bars in an earlier scandal that forced him from...

Connecticut Ex-Gov. Rowland to be sentenced in campaign scam

03/17/2015 When former Connecticut Gov. John Rowland is sentenced for a second time, federal prosecutors are expected to urge a judge to impose a nearly four-year prison term that they said in court documents would "finally and...

Connecticut Water Service, Inc. Reports 2014 and Fourth Quarter Earnings

03/16/2015 CLINTON, Conn. -- Connecticut Water Service, Inc. announced net income of $21.3 million, or earnings per basic average share (EPS) of $1.95, on total revenues of $101.5 million. Total revenues include ...

Connecticut Gov.’s Budget Shifts $9M in Public Health Expenses to Insurers

03/10/2015 Some of Connecticut’s insurers would pick up the tab for breast and cervical cancer detection, AIDS services and venereal disease control under Gov. Dannel P. Malloy’s proposed two-year, approximately $40 billion state budget. The Democrat’s plan, which is being considered … The article Connecticut Gov.’s Budget Shifts $9M in Public Health Expenses to Insurers appeared first on Insurance Journal .

Connecticut to rich: Please don't leave

03/08/2015 If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

Malloy budget shifts more programs to Connecticut insurers

03/08/2015 Some of Connecticut's insurers would pick up the tab for breast and cervical cancer detection, AIDS services and venereal disease control under Gov. Dannel P. Malloy's proposed two-year, approximately ...

Connecticut panel asks high court to hear synagogue dispute

02/24/2015 LITCHFIELD (AP) — A historic district in Connecticut being sued for rejecting plans for a synagogue in 2007 is asking the U.S. Supreme Court to throw out the lawsuit.

Home sales in Connecticut increase for fourth straight month

02/23/2015 Sales of single-family homes in Connecticut increased by 1.7 percent in December, marking the fourth consecutive month sales have increased year over year, according to the latest report by The Warren Group, publisher of The Commercial Record.

SIOR Survey: Market Improving, But Not Lease Rates

02/17/2015 The Connecticut/Western Massachusetts chapter of The Society of Industrial and Office Realtors (SIOR) announced the results of its semi-annual membership survey. The survey measured market conditions for the commercial real estate market for the period July through December 2014 within the region.

Research group: Home sales in Connecticut up in December

02/17/2015 HARTFORD, Conn. (AP) — A real estate research group says single-family home sales in Connecticut increased by 1.7 percent in December, the fourth consecutive month that sales have increased year-over-year.

Ellington Residential reports 4Q loss

02/18/2015 The Old Greenwich, Connecticut-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 76 cents per share. The residential mortgage real estate investment ...

Real estate licensing course to start

02/10/2015 A Connecticut real estate licensing 60-hour course will begin Feb. 24 in New Milford. The class will meet Tuesdays and Thursdays from 5:30 to 9:30 p.m.

Looney: Glaring Car Tax Disparities Must Be Closed

02/10/2015 State budget problems have blocked recent efforts to repeal Connecticut's car tax.

Connecticut Keeps Close Eye On Its Super-Rich Residents

02/09/2015 HARTFORD — If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

The Science of Real Estate:

02/02/2015 Assessing risk. Engineering returns. John Insall, LEP, a Connecticut Licensed Environmental Professional (LEP), has more than 26 years of experience in the world of environmental consulting.

Numbers Are In: High Hopes For 2014 Connecticut Home Sales Went Unfulfilled

02/01/2015 When the clocks went forward last March, Connecticut's spring home buying season was off to a start with longer days — and visions of more showings and sales.

Klemm earns award

01/28/2015 Klemm Real Estate, which has offices in Litchfield County, has received an Americas Property award for Five Star Best Real Estate Agency Connecticut from the International Property awards.

State Rep. Wants To Take Dog Breed Out of Homeowners Policy Equation

01/23/2015 A Connecticut lawmaker wants to make it illegal for insurance companies to inquire about or discriminate against a specific breed of dog when issuing a homeowners insurance policy, but industry advocates say such a law would only make all homeowners insurance policies in Connecticut more...

CoreLogic: 8 Pecent Of Mass. Homes Underwater In Q3

01/08/2015 According to a new report from real estate data and analytics provider CoreLogic, 82,505, or 9.9 percent, of Connecticut homes were underwater in the third quarter of 2014. That puts the Nutmeg State in the middle of the pack for underwater homes, ranking 17th among all states and the District of Colombia.

Schede named CT Realtors' flag-bearer

01/08/2015 Meriden Realtor Sandra Maier Schede is the 2015 president of the Connecticut Realtors (CTR).

300 Hedge Funds Not Enough as Tax Fails Connecticut: Muni Credit

12/12/2014 Connecticut Governor Dannel Malloy. Close Connecticut Governor Dannel Malloy. Connecticut Governor Dannel Malloy.

Urstadt Biddle reports 4Q results

12/12/2014 The real estate investment trust, based in Greenwich, Connecticut, said it had funds from operations of $8 million, or 26 cents per share, in the period. Funds from operations is a closely watched measure ...

CT home prices remain 21.8% below 2006 peak

12/03/2014 Connecticut home prices in October remained 21.8 percent below their July 2006 peak, meaning the state has the fourth-furthest distance to climb before residential real estate values reach their breakeven point, according to CoreLogic.

Joseph Steinberg, judge and writer, dies at 86

11/18/2014 BLOOMFIELD, Conn. (AP) - Retired Connecticut Judge Joseph Steinberg, who hosted a weekly news program with reporters on public television for two decades and wrote books on real estate and other topics, has died. He was 86.

'First Five' Manufacturer Buys East Windsor Building

11/14/2014 An international building manufacturer that landed a near $20 million deal to move to Connecticut two years ago has at last closed on a production site in East Windsor.

Connecticut Home Sales Slump In August

09/30/2014 Connecticut's home sales slowed in August, a new report Tuesday showed, evidence that the spring home buying season ended on a lackluster note and the overall recovery in the state's housing market may not match the pace of the past two years.

Report: Home sales in Conn. flat so far this year

09/10/2014 A real estate research group says single-family home sales in July increased slightly in Connecticut, posting the fifth increase from one year over the other in 2014.

Research group: Conn. home sales, prices falling

09/30/2014 A research group says Connecticut real estate is in a slump, with home sales and prices continuing to fall. The Warren Group, publisher of The Commercial Record, said Tuesday that 2,735 single-family homes ...

CT towns rank in top 10 best places in New England

09/19/2014 A list of the "10 Best Places in New England" has been released, and two Connecticut towns have been included.

Class teaches real estate basics

09/17/2014 Real Estate Principles and Practices starts Sept. 29 through Ridgefield Continuing Education. This 60-hour course meets the minimum requirements as set forth by the Connecticut Real Estate Commission and Department of Consumer Protection for application to take the sales associate or broker exam.

Connecticut Cities Looking For Ultra-High Speed Internet Service

09/15/2014 HARTFORD – Three Connecticut cities want to start discussions with ultra-high speed Internet providers to bring businesses and residents connections to the World Wide Web that are 100 times faster than they now have.

Archive: Heiress' 'Extra' Mansion Sells for $14 Million

09/12/2014 After sitting empty for more than 60 years, the "extra" mansion of reclusive heiress Huguette Clark in Connecticut has found a buyer at $14.3 million.

Conn. Executive Park Sold For $16.3M

09/10/2014 Boston-based Albany Road Real Estate Partners has acquired Meriden Executive Park in Connecticut for $16.3 million. The 155,000-square-foot complex consists of two class A office buildings off I-91 at exit 19. At the time of the sale, the property was 92-percent leased.

CT invests $100M pension money for realty stakes

09/10/2014 Connecticut will invest as much as $100 million in state workers' and teachers' retirement assets with Greenwich money-manager Starwood Capital Group Global L.P. to plow into overseas real estate, the state treasurer says.