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Connecticut Real Estate Industry News

Home Sales and Prices Rose in January, Raising Hopes for Spring

02/22/2017 Home sales in Connecticut got off to a good start in 2017, with sales and prices rising in January, a report released Wednesday shows. The median sale price of a single-family house in Connecticut rose 2.2 percent in January, to $235,000, up from $230,000 ...

Connecticut’s housing industry off to a good start in 2017

02/22/2017 The total number of condominium sales in Connecticut last month rose by 23.7 percent to 579 units. Connecticut Realtors represents more than 16,500 real estate professionals in the state. Call Luther Turmelle at 203-680-9388.

Mining and Visualizing Municipal Real Estate Data with Wizard.app

02/21/2017 While chatting with a local real estate agent here in Milford, Connecticut, he mentioned that in his experience, Colonial-style houses usually command the highest price (the mix here varies by neighborhood, but is fairly typical of suburban New England ...

QuadReal Property Group Names Real Estate and Business Leaders to Founding Board

02/22/2017 Ms. Martin holds a B.A. from Oregon State University and an M.B.A. from the University of Connecticut. She was inducted into the UConn School of Business Hall of Fame. About QuadReal QuadReal is a global real estate company with managed assets totaling ...

A Pretty and Preppy Home in Greenwich, Connecticut

02/22/2017 Greenwich, Connecticut has some of the most incredible homes in the country. I love perusing Greenwich real estate listings, and I fell in love with this beautiful architectural gem built in 1927. Nestled on over four manicured acres, this home is just so ...

$1,700,000 Homes in Connecticut, Minnesota and Montana

02/22/2017 SETTING Warren is a town of about 1,400 in western Connecticut. Rural and historically agricultural, it still has several working dairy farms, as well as a scattering of older houses on large expanses of land. This house, which comes with more than 10 ...

Mansfield-Storrs, CT Real Estate: Newly Listed Homes for Sale

02/20/2017 The houses for sale in and around Mansfield-Storrs 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 ...

Interesting Real Estate Facts

02/21/2017 Connecticut has the reputation for being an expensive place ... would run you around $243,930. Melissa Rolland is a real estate salesperson and realtor. She lives in Tolland with her husband, Todd, an associate broker and realtor. Together, they manage ...

Insurance coverage mandates would face more analysis under Malloy proposal

02/20/2017 As they do most years, Connecticut legislators are considering a host of proposals ... The concept drew praise from the top Republican on the legislature’s Insurance and Real Estate Committee. But Senate President Pro Tem Martin M. Looney, D-New Haven ...

‘Buddy’ Fletcher can’t sell his Connecticut castle

02/19/2017 Disgraced hedge fund manager Alphonse “Buddy” Fletcher has found a second endeavor he’s not excelling at — selling off some of his pricey real estate. On Friday ... The listing said the Connecticut castle is “ideal for a romantic retreat from ...

CERC Survey: Connecticut Real Estate Market a “Mixed Bag”

02/18/2017 ROCKY HILL: The Connecticut Economic Resource Center, Inc., released its semi- annual survey of real estate and development professionals on the state of Connecticut Commercial Real Estate market. The quick take away: respondents are generally positive ...

Proposed legislation would add buyer’s fee to CT real estate transactions

02/17/2017 The Connecticut General Assembly’s Planning and Development Committee is considering a bill that would allow municipalities to charge a buyer’s fee on property transactions larger than $150,000. House Bill 6926, introduced by Democratic Reps.

Study: Connecticut adds to concentration of millionaires

02/16/2017 Connecticut had a slight increase in its ratio of millionaire households in 2016, while remaining No. 2 in the nation after Maryland. Related: Most expensive real estate listings in Connecticut In Connecticut, 7.4 percent of all households had $1 million ...

ON THE SCENE: This week’s sales and exclusives under $10 million

02/16/2017 The properties benefit from a 20-year, 421-A tax exemption which reduces real estate taxes. Combined ... an 81-unit apartment property located in Middletown, Connecticut. The property was acquired by HPI Wilcox DST in a Delaware Statutory Trust 1031 ...

Property Rounds: The bubble surrounding Fairfield County commercial property

02/15/2017 Southwestern Connecticut’s commercial real estate market is defying national trends — in a good way. In the years since the 2008 financial crisis, commercial property has seen investors pour billions of dollars into the industry. But recently ...

Southwestern Connecticut bottom three for home price malaise

02/14/2017 Southwestern Connecticut remains mired near the trough of the United States for momentum in its real estate market, as measured by the prices fetched by the median homes sold in the fourth quarter of 2016 and for the entire year. The National Association ...

ACG Connecticut Retains Lumentus For Communications Services

02/14/2017 The Connecticut Chapter of the Association for Corporate Growth ... is a financial communications consultancy specializing in private equity, M&A transactions, real estate, bankruptcy and litigation, crisis communications, and corporate positioning and ...

Guilford, CT Real Estate: Newly Listed Homes for Sale

02/14/2017 The houses for sale in and around Guilford 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 — that ...

Couple Owns a Lot of Real Estate, Not Enough Savings

02/13/2017 The house in Connecticut is now worth about $400,000 and rents for ... “A lot of their assets are illiquid, which poses some risk,” says Ms. Keener. With real estate they earn income from rent, but they can’t immediately access the principal, the ...

Hartford Leaders Express Cautious Optimism For Malloy's Budget

02/12/2017 For months, Mayor Luke Bronin has expounded on the need to support Connecticut's ailing cities ... Malloy's plan also gives cities the ability to tax hospital-owned real estate, a move that would bring in needed revenue. "The truth is that, for too ...

Legislators Move Forward On Uber, Lyft Regulations

02/10/2017 Sean Scanlon, a Guilford Democrat, has submitted new legislation that the legislature's Insurance and Real Estate Committee agreed Friday ... legislature and governor, Connecticut would join 38 other states across the U.S. who have placed regulations ...

They said it

02/10/2017 I really consider those parts to be a hidden gem. Paul Breunich, CEO of Sotheby’s International Realty, regarding the description of Connecticut real estate investment opportunities, including lesser known parts of the state in addition to Fairfield ...

CT crews prepare for more snow this weekend

02/11/2017 Connecticut business owners who make big money because of ... Francis Palladino owns a Waterbury landscaping business, Palladino Real Estate Management, and his plow truck means he also works long, but lucrative hours when it snows.

Sotheby’s leader casts Connecticut as prime investment for Chinese

02/10/2017 “I’d never acted on it before now. I saw this as an opportunity to enhance the perception of Connecticut real estate.” The book spans the basics, like why to buy American property, to more specific topics such as international taxes and investing in ...

'In This Together': Unions, Hospitals, Cities and Towns Impacted By Malloy Budget Proposal

02/09/2017 We will rise or fall together as one Connecticut." While some Democrats applauded ... the proposal would give municipalities the option to tax hospital-owned real estate, though property such as MRI machines and computers would continue to be tax-exempt.

Property Rounds: The 2017 real estate season in southwestern Connecticut

02/08/2017 In interviews Feb. 7-8 with Hearst Connecticut Media, real estate agents in southwestern Connecticut Baker shared their thoughts on what sellers and buyers need to keep top of mind as the 2017 real estate season ramps up, including Bruce Baker in the ...

Why you shouldn’t fear rising interest rates …

02/08/2017 Consider the latest data from brokerage Douglas Elliman Real Estate, where January 2017 was an excellent month for high-end sales in Connecticut and where sales from $1 million all the way up to $5 million increased significantly compared to January 2016.

Hackman, Calare Pocket $124M on 10-Property Industrial Sale

02/08/2017 The Connecticut properties include five buildings in Enfield ... a focus group participant for Urban Land Institute and PwC’s 2017 Emerging Trends in Real Estate report. As noted in the report, industrial has been the most favored property type for ...

Real Estate Review: Lisa Rinaldini of Coldwell Banker Premiere a consistent top seller

02/07/2017 PLAINVILLE — Four-time Diamond Society Award-winning real estate broker Lisa Rinaldini with Coldwell ... a top producer and was voted the top-selling Realtor in Plainville by Connecticut Magazine. "Buying or selling a home is a huge decision," Rinaldini ...

Connecticut's Top Youth Volunteers Of 2017 Selected By National Program

02/07/2017 These are Connecticut's top youth volunteers of 2017 ... and recently volunteered for a state legislator and the insurance and real estate committee. "Prudential is honored to recognize these young volunteers for their exemplary service," said Prudential ...

Malloy Will Propose $250 Million Renovation of XL Center

02/07/2017 Barnes said the proposal is consistent with other state investments in downtown Hartford, including apartment conversions, Front Street and the new University of Connecticut campus. The $250 million renovation — including the addition of a second ...

1911 Connecticut mansion priced at $32 million

02/06/2017 Connecticut’s historic, colonial Gold Coast has been a haven for affluent New York commuters for ions and is about an equal distance from Manhattan as the Hamptons, Jersey Shore or the Catskills. Many are attracted to the “old money” sedate ...

3 Up-and-Coming Places to Live

02/07/2017 "The Hartford region has seen some strong employment growth in a number of high-productivity sectors, including professional, technical services, education and health services," says Alissa DeJonge, vice president of research at the Connecticut Economic ...

City Shaken By Suggestion That Aetna Might Move Headquarters

02/05/2017 director of the Center for Real Estate and Urban Economics at the University of Connecticut in Storrs. Glascock, a professor of finance, said a growing number of corporations are splitting off headquarters from their central core of employees, a movement ...

Local housing market holds steady

02/02/2017 In 2016, Stamford backed into the status of the most active real estate market in southwestern Connecticut, bumping Fairfield to the No. 2 slot even as both markets saw sales of single-family homes decline from the year before. In local markets tracked by ...

SEC Charges Advisor With Stealing to Pay for Lawsuit: Enforcement

02/03/2017 The Securities and Exchange Commission charged a Connecticut-based investment advisory business ... defrauding investors and misappropriating more than $1.3 million from a real estate investment fund he controlled, Caliber Partnership I LLC.

Demi Lovato’s House Unsafe After Landslide; Nicki Minaj’s Home Was Burglarized

02/03/2017 It’s not his only recent real estate move—he purchased a two-bedroom loft at 50 West 15th Street for $2.25 million last August. (Realtor) Tommy and Dee Hilfiger’s Greenwich, Connecticut castle (yes, castle) is features on the cover of March’s ...

Christopher Zoller Elected to Lead the Largest Local Realtor Association in the U.S.

02/03/2017 Born in Mount Vernon, N.Y. and raised in Fairfield County, Connecticut, Zoller began selling real estate in Connecticut in 1973. Zoller moved to several U.S. cities before settling into Miami in the late 1980s. He began working with EWM Realty ...

CT governor proposes tax cut to bolster insurance industry

02/01/2017 Malloy says restructuring and lowering Connecticut's premium tax will help the insurance ... Senator Kevin Kelly now serves as the Co-Chair of the Insurance and Real Estate Committee.

Rising realty values sweeten Hartford’s budget, stir headaches for landlords

02/02/2017 Yearly expansion of the grand list — Hartford's value of all real estate, personal property and automobiles climbed 10 percent this year as a result of an Oct. 2016 revaluation — is the goal of every Connecticut municipality that relies on the tax ...