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Connecticut Real Estate Market News

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 ...

Cartus Receives GreenCircle Award from Connecticut Department of Energy and Environmental Protection for Efforts to ...

12/05/2014 DANBURY, Conn., Dec. 5, 2014 /PRNewswire/ -- The Connecticut Department of Energy and Environmental Protection (DEEP) this week awarded Cartus Corporation a GreenCircle Award for the company's efforts to protect the environment and natural resources.  Cartus was one of just 16 Connecticut businesses and individuals to receive the award at DEEP's Hartford headquarters. Cartus, steered by its ...

CT Insurers, Businesses Press Balky Congress To Approve Terrorism Risk Bill

12/04/2014 Washington--Connecticut's property and casualty insurers and other businesses are urging Congress to beat a Dec. 31 deadline to renew a program designed to help pay for the costs of a terrorist attack.

UConn's Tate George Now Representing Himself

12/04/2014 Ever since being convicted on four felony counts in a real estate Ponzi scheme, former University of Connecticut basketball icon Tate George has been complaining about his legal representation.

Tate George Gets Permission To Represent Himself At Sentencing

12/04/2014 Ever since being convicted on four felony counts in a real estate scheme, former University of Connecticut basketball star Tate George has been complaining about his legal representation.

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 Water Service Lags Q3 Earnings Estimates

11/10/2014 Connecticut Water Service's third-quarter earnings fell short of the Zacks Consensus Estimate.

Trick or Treat? Auction.com and RM Bradley to Sell Connecticut Ghost Town Just in Time for Halloween

10/16/2014 Just in time for Halloween, Auction.com, LLC, the nation's leading online real estate marketplace, is partnering with RM Bradley to bring to auction a Connecticut ghost town: the historic Village of Johnsonville. ...

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 ...

Another Bottom 10 Finish For Connecticut, Another Questionable Ranking

09/24/2014 Chalk up another ranking in the nasty column for Connecticut. The state ranks No. 43 among states for its business climate in the American Economic Development Institute/Pollina Corporate Real Estate rankings for 2014.

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.

Mack-Cali, Keystone Closes Tri-State Area Portfolio Deal

08/22/2014 Mack-Cali (CLI) finally disposed six New York and Connecticut office properties to a joint venture led by Keystone Property Group for around $91.5 million.

Retired UConn Drama Director, Benefactor Nafe Katter Dies

08/21/2014 Nafe Katter, longtime Connecticut actor, retired director of the University of Connecticut's acting program died Wednesday at a hospice facility in Summerfield, Fla., following a stroke Aug. 7. He was 87.

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.

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 ...

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