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Connecticut Real Estate Market News

Bank hires city resident as loan officer
08/17/2014

NEW HAVEN — Citizens Bank has announced that New Britain resident Vincent Celentano has been hired as a residential loan officer in the bank’s New Haven offices, supporting customers in the central Connecticut area.

Where the CEOs Live
08/07/2014

When it comes to real estate, many chief executives take a sunny outlook: Five of the top housing markets for CEOs are in Florida, including Miami, Sarasota and Vero Beach. Top spots include Connecticut's Fairfield County and Boulder, Colo. The markets run the gamut, from urban centers to vacation getaways, but they have at least one thing in common: Home prices are rising. "These guys didn't ...

Why state foreclosure laws affect home price appreciation
08/07/2014

In the judicial states—particularly New York, New Jersey, and Connecticut—we're seeing much lower home price appreciation— in fact, there's very little residential construction at all

Paralegal sentenced to Federal Prison for Mortgage Fraud
08/06/2014

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Jacqueline Polverari, 47, of Branford, was sentenced today by U.S. District Judge Janet Bond Arterton in New...

'Queen of Mean' Leona Helmsley's former home hits market for $65M
07/30/2014

A sprawling Connecticut estate owned once owned by real estate baroness Leona Helmsley, dubbed the "Queen of Mean" for her frequent tyrannical outbursts, has hit the market for $65 million. Helmsley died at the 40-acre Greenwich property known as Dunnellen Hall in 2007 when it was revealed that her will ...

Palace of 'Queen of Mean' goes on block for $65M
07/28/2014

The Connecticut mansion that belonged to millionaire Leona Helmsley is on the market for $65 million after a three-year renovation.

Howard gets $27.5M in sale
07/25/2014

ARMONK, N.Y. (AP) -- Now that they're empty-nesters, Ron Howard and his wife have sold their nest straddling the New York and Connecticut state line for $27.5 million.

Ten Brody Wilkinson Principles Named 2014 Top Rated Lawyers
07/24/2014

The Connecticut Law Tribune recognizes ten Brody Wilkinson lawyers. (PRWeb July 24, 2014) Read the full story at http://www.prweb.com/releases/Top-Law-Firm-Connecticut/Brody-Wilkinson/prweb12044762.htm

GE 2Q profit jumps 13 pct on aviation, oil and gas
07/18/2014

GE, based in Fairfield, Connecticut, is working to become a more focused industrial conglomerate by shedding divisions such as NBC Universal, real estate and some banking operations. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 39 cents per share, matching the average per-share estimate of analysts surveyed by Zacks Investment Research. Profit from ...

William Pitt and Julia B. Fee Sotheby’s International Realty Joins Bike Ride in Support of Cancer Survivors
07/18/2014

Local real estate firm raises funds to benefit the Connecticut Challenge Center for Survivorship. (PRWeb July 18, 2014) Read the full story at http://www.prweb.com/releases/2014/07/prweb12030828.htm

Asset Based Lending, LLC Announces New England Expansion
07/15/2014

Hard Money Lender to Expand Lending Territory into Three Additional States: Connecticut, Massachusetts and Rhode Island (PRWeb July 15, 2014) Read the full story at http://www.prweb.com/releases/2014/07/prweb12006294.htm

Lambda Legal Elects New Members to Board of Directors and Appoints New Co-Chair
06/19/2014

5/29/2014 (New York, May 29, 2014) - Lambda Legal announced the election of new leaders to serve on its Board of Directors, including John Stafstrom, Chair of the Public Finance Department with Pullman & Comley, LLC; Rachel Goldberg, General Counsel of the Stamford, Connecticut Urban Redevelopment Commission; Kenneth Weissenberg, Tax Partner and Co-Chair of the Real Estate Services Group at ...

CT foreclosure inventory fell in May
07/08/2014

The percentage of mortgaged Connecticut homes in foreclosure declined in May, according to real estate tracker CoreLogic.

Purpura Takes Reins - Named Transwestern's Northeast Market Leader
06/26/2014

HOUSTON, June 26, 2014 /PRNewswire/ -- Transwestern today announces Steve Purpura has been named market leader for the Northeast, spanning New York, New Jersey, Massachusetts and Connecticut. Under Purpura's leadership, the firm will extend its intensive client-first approach throughout the Northeast as Transwestern expands its agency leasing, property and facilities management, tenant advisory ...

100 North Main developer faces unpaid judgment in civil case
06/20/2014

The owner of 100 North Main faces a $160,000 judgment in six-year old Connecticut civil case.

MassMutual Unveils Renovation Project At its Enfield, Connecticut Campus
06/17/2014

ENFIELD, Conn., June 17, 2014 /PRNewswire/ -- Underscoring its commitment to the insurance and financial services sector in Connecticut, Massachusetts Mutual Life Insurance Company (MassMutual) today unveiled the more than $38 million renovation of its Bright Meadow campus, the primary location for the company's retirement services and workplace insurance businesses. The investment enhances the ...

Protection Of State Lakes Gets Little Attention
06/11/2014

Connecticut has more than 3,000 officially named lakes, ponds and reservoirs. A few are the fountainheads from which cities draw potable water. Many are becoming real estate refuges for those retreating from hurricane-hit saltwater shores. Many more are cash cows for rural towns, given their relatively high property tax assessments. All provide state residents with aesthetic, recreational and ...

Missoula, MT | Continuous News and Weather
06/12/2014

NEW YORK - People who live in these nine states have a reason to sing the economic blues: Nevada, Florida, Arizona, Connecticut, Michigan, Maine, Georgia, New Jersey and Illinois. These states have yet to recover from the recession.

Kalispell, MT | Continuous News and Weather
06/12/2014

NEW YORK - People who live in these nine states have a reason to sing the economic blues: Nevada, Florida, Arizona, Connecticut, Michigan, Maine, Georgia, New Jersey and Illinois. These states have yet to recover from the recession.

Panel members say affordable housing rules in need of reform
06/09/2014

Affordable housing regulations would be more acceptable to developers and towns if they were more predictable and enforceable, members of a panel on both sides of the planning-and-development divide said Monday during a forum at the Southeastern Connecticut Council of Governments offices.

Former Connecticut Insurance Commissioner’s New Role Key On National, International Stages
06/03/2014

Insurance companies large enough that their failure could disrupt the U.S. economy will face a familiar regulator as former Connecticut Insurance Commissioner Thomas R. Sullivan starts a newly created position next week at the U.S. Federal Reserve. Sullivan, 52, will oversee capital requirements of non-bank financial institutions when he starts Monday as senior adviser to […]

U.S. Fed Hires Former Connecticut Insurance Chief To Oversee AIG, Prudential
06/03/2014

Insurance companies large enough that their failure could disrupt the U.S. economy will face a familiar regulator as former Connecticut Insurance Commissioner Thomas R. Sullivan starts a newly created position next week at the U.S. Federal Reserve.

Putney Inn deal collapses
05/31/2014

PUTNEY -- A pending deal by a Connecticut real estate developer to purchase The Putney Inn has fallen through, and the owner of the inn said the property is back on the market.

GOP picks Martin as Senate candidate
05/24/2014

BRISTOL — Henri Martin says he “just wants to put Connecticut back on the path of prosperity.”

Executives at failed Connecticut hedge fund plead guilty
05/22/2014

Three former executives of New Stream Capital LLC, a failed Connecticut hedge fund, have pleaded guilty to conspiring to mislead their clients to keep their largest investor, federal prosecutors said on Thursday. David Bryson, Bart Gutekunst and Richard Pereira each pleaded guilty on Wednesday in the New Haven, Connecticut, federal court to one count of conspiracy to commit wire fraud, said the ...

CEFIA Announces Sale of Commercial Property Assessed Clean Energy Benefit Assessment Liens
05/19/2014

ROCKY HILL, Conn., May 19, 2014 /PRNewswire/ -- The Clean Energy Finance and Investment Authority (CEFIA), Connecticut's green bank, and Clean Fund, a specialty Property Assessed Clean Energy (PACE) finance provider, today announced the securitization of a portfolio of CEFIA-financed Commercial Property Assessed Clean Energy transactions. The sale, which will fund a total portfolio of $30 ...

5-Building Industrial Campus Sells for $57.6 Million in Vista
05/18/2014

Connecticut-based Cornerstone Real Estate Advisers LLC bought North County Corporate Center, a five-building industrial and warehouse campus in Vista, for about $57.6 million.

Eric Erdtmann Hired at Torrington Savings Bank
05/16/2014

TORRINGTON, Conn., May 16, 2014 /PRNewswire-iReach/ -- Torrington Savings Bank , Northwest Connecticut's premier mutual savings bank, a leading provider of home mortgage loans and deposit products, recently ...

‘Battered and bruised,’ real estate market on slow rebound
05/14/2014

WALLINGFORD — Twenty-nine percent of homes in Connecticut are “underwater,” meaning the homes couldn’t be sold at a value to pay off the mortgages on them, according to Barbara Pearce, president and CEO of Pearce Real Estate.

Recap Real Estate Advisors Completes 10-Year Capital Plan for the Connecticut State Sponsored Housing Portfolio
04/14/2014

Recap Real Estate Advisors today announced the completion of a 10-year Capital Plan for the Connecticut State Sponsored Housing Portfolio . Recap’s analysis determine

Mansion on Connecticut shore sells for record $120 million
04/14/2014

A waterfront estate in Connecticut featuring two private islands and a mile of shorefront has sold for $120 million, making it the most expensive residential home sale in U.S. history, real estate experts said on Monday. Copper Beech Farm, a 12-bedroom mansion complete with its own clock tower, greenhouse, solarium and swimming pool along Long Island Sound in exclusive Greenwich, Connecticut ...

Hfd. Keller Williams expands eastern CT reach
03/25/2014

Keller Williams Greater Hartford said it has expanded its operations east of the Connecticut River by merging with several real estate offices.

Dream homes come at a price
03/06/2014

Some real estate agents in southwestern Connecticut must feel like those brokers on "House Hunters," the popular HGTV television series, as they help job transferees find a home in a new city, state or country.

Quintiles Transnational Holdings, Chart Industries, SJW, Connecticut Water Service and AECOM Technology highlighted as ...
03/05/2014

Quintiles Transnational Holdings, Chart Industries, SJW, Connecticut Water Service and AECOM Technology highlighted as Zacks Bull and Bear of the Day

Rick Loh of Shore & Country Properties Honored With the 2014 Five Star Real Estate Agent Award
03/03/2014

RIVERSIDE, Conn., March 3, 2014 /PRNewswire/ -- Five Star Professional is pleased to announce Rick Loh, Shore & Country Properties, has been chosen as one of Connecticut's Five Star Real Estate Agents for 2014. Five Star Professional partnered with Connecticut magazine to recognize a select group of Connecticut area real estate agents who provide quality services to their clients. Rick Loh is ...

Connecticut Court Shanghais Out-Of-State LLCs With Charging Orders
02/27/2014

Shanghai Real Estate Ltd., obtained a judgment in Connecticut against Mark and Linda Greenberg. To enforce the judgment, Shanghai sought to collect against the personal assets of the Greenbergs, including their investment assets, which seem to mostly consist in their ownership of numerous limited liability company (LLC) interests.

Palmer landowner filing suit against Mohegan Sun
02/20/2014

Owners of real estate in Palmer where Mohegan Sun had originally proposed a Massachusetts casino will seek a court judgment to prevent the Connecticut gambling company from pursuing another casino proposal in Revere.

Shore & Country Properties Release 2013 Real Estate Report
01/31/2014

Shore & Country Properties Releases 2013 Sales Report for Greenwich, Connecticut, as Well as Thoughts and Advice on 2014. (PRWeb January 31, 2014) Read the full story at http://www.prweb.com/releases/2014/02/prweb11543203.htm

Private flood insurer establishes Conn. beachhead
02/01/2014

HARTFORD - A private flood insurer has stepped into Connecticut's market, the first time homeowners along the shoreline battered by Superstorm Sandy have an alternative to increasingly costly federal insurance.

Mary Lynn Kellenberger, 51, was into real estate
09/04/2013

She was born March 12, 1962, in Fayetteville, N.C., and spent her childhood in New Milford, graduating from New Milford High School in 198. She went on to attend the University of Connecticut , participating in the marching band and studying accounting and music.

Houlihan Lawrence Opens Greenwich Real Estate Office
09/03/2013

GREENWICH, Conn. – Houlihan Lawrence expanded into Connecticut last week with the opening of its new real estate office in Greenwich. The office at 100 W. Putnam Ave. has 15 agents and is the 26th brokerage for Houlihan Lawrence, which also has offices in Westchester, Putnam ...

Myungsuk "Mary" Park recognized for efforts at Weichert, Realtors
08/14/2013

Phyllis Bixon, regional vice president of Weichert, Realtors, has announced that Myungsuk "Mary" Park of the Alpine/Closter office was individually recognized for her exceptional industry success during the month of July. A top producer, Park led the region, which is comprised of offices throughout Hudson, Passaic and Bergen counties in New Jersey and portions of Connecticut, for new home dollar ...

Plot For South Windsor Film Studio Still Unfolding, Slowly
08/10/2013

SOUTH WINDSOR — For five years now, the ambitious but long-delayed Connecticut Studios project has charmed this suburban community with promises of a $56 million dollar development featuring eight sound stages, a hotel and restaurants.

Covering Litchfield County, Connecticut
08/02/2013

You might call Aug. 1 CT-Day, not as in an abbreviation for Connecticut but for car taxes, the colloquial term for the motor vehicle taxes residents pay to the state’s 169 towns and cities. If you didn’t pay by today, then you face a penalty. But that’s not the news flash.

Legal Spotlight: Decisions Impacting the Industry
07/31/2013

A sampling of legal decisions impacting the industry, including a federal decision in Texas on the Medicare Secondary Payer statute; decisions on California and Connecticut on when insurers must provide a defense; and a fraudulent scheme involving a broker, insurer and a man portraying himself as a self-employed real estate investor.

Good market for commercial real estate growth, say leaders
07/18/2013

Commercial real estate in Westchester County (and Fairfield County in Connecticut) has demonstrated strong steady growth of late. It is expected to continue, which will in turn stimulate the local economy, say real estate leaders who met Tuesday morning for a panel discussion in Stamford, Conn.

You’ve Got to be Kidding!
07/12/2013

Brokers receive odd e-mails constantly, but this from Connecticut is one of the oddest. It reads: “Apprehension abounds when people move…even more so when they are divorcing. The relationship between broker and client is very personal; brokers actually know what goes on ‘behind closed doors.’ So, in an intensely competitive real estate climate, how do [...]

Rentals, not resells, hot new trend for Atlanta real estate
07/10/2013

A Connecticut company is raising $100 million to buy up single-family homes in Atlanta. Their goal is not to resell the homes, but to turn them into rental properties.Business deals like this are part

It Could Be Time To Buy A Vacation Home
07/07/2013

Get Business Mobile Text Alerts When storm Sandy battered the Connecticut coast last year, Scott and Pamela Guglielmino felt a sense of relief about putting off the purchase of a vacation house at the shore.        

State's Vacation Home Market Picking Up -- Is It Time To Buy?
07/05/2013

Get Business Mobile Text Alerts When storm Sandy battered the Connecticut coast last year, Scott and Pamela Guglielmino felt a sense of relief about putting off the purchase of a vacation house at the shore.