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Connecticut Real Estate Market News
07/25/2014 - Howard gets $27.5M in sale

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.

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

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

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

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 ...

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

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

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

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

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

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 ...

07/08/2014 - CT foreclosure inventory fell in May

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

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

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 ...

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

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

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

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 ...

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

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 ...

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

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.

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

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.

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

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.

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

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 […]

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

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.

05/31/2014 - Putney Inn deal collapses

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.

05/24/2014 - GOP picks Martin as Senate candidate

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

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

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 ...

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

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 ...

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

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.

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

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 ...

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

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.

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

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

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

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 ...

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

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

03/06/2014 - Dream homes come at a price

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.

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

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

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

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 ...

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

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.

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

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.

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

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

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

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.

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

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.

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

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 ...

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

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 ...

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

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.

08/02/2013 - Covering Litchfield County, Connecticut

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.

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

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.

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

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.

07/12/2013 - You’ve Got to be Kidding!

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 [...]

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

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

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

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.        

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

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.        

06/27/2013 - GE Capital Boosts Lending as CMBS Market Wavering

The unit of General Electric Co. (GE) plans to make about $7 billion of new loans on North American real estate, up 40 percent from last year, said Alec Burger, North America president of GE Capital Real Estate, based in Norwalk, Connecticut . U.S. commercial transactions jumped 35 percent in the first quarter to $72.8 billion, according to Real Capital Analytics Inc., a New York-based property ...

07/03/2013 - Another Divestiture by Mack-Cali - Analyst Blog

Mack Cali Realty Corporation ( CLI ) recently disposed a commercial office property in Connecticut. The deal helped the real estate investment trust (REIT) to gain about $16.5 million, which it

06/23/2013 - Corporate relocation was good business move, good personal move

Bob Owens, 54, is president of the newly rebranded Owens Realty Services, which recently moved its headquarters from Connecticut to a long-vacant building fronting Interstate 4 south of downtown Orlando. He spoke recently with Orlando Sentinel staff writer Mary Shanklin .        

06/21/2013 - Norwalk's Alan Robert Staack, 81, Builder, Real Estate Developer

NORWALK, Conn. - Alan Robert Staack of Norwalk died Wednesday, June 19. He was 81. Staack was born Aug. 25, 1931, in Norwalk, son of Charles and Hannah Mackie Staack. He graduated from Norwalk High School's Class of 1949 and attended the University of Connecticut Real Estate and ...

06/21/2013 - Closing credits: CT sours on movie incentives

Closing credits: CT sours on movie incentives [...] when his home state of Connecticut decided to follow a national trend and suspend tax credits for the motion picture industry for the next two years, former child star-turned-director Ron Howard was not whistling the theme from "The Andy Griffith Show." Architects of the state's two-year $44 billion budget have seen enough to conclude that ...

06/19/2013 - 'Snob Zones' Takes On New England Zoning

Connecticut Journalist Lisa Prevost's Book Says Our Intolerance Makes For Bad Neighbors Connecticut journalist Lisa Prevost takes on the notion that "Good fences make good neighbors."