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Friday May 24, 2013

Connecticut Real Estate Market News

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05/21/2013 - Waterfront Estate Up for Record $190M
  • One of the most expensive homes to hit the market in the United States is now on sale—in Connecticut. The $190 million Greenwich estate includes two islands in the Long Island Sound, nearly a mile of... Photo Credit: David Ogilvy & Associates

  • 05/16/2013 - Vineland real estate agent wins award
  • Joan Fabrizio of EXIT Uptown Realty in Vineland receives an award from Connecticut Regional owner Jack DaSilva. / Submitted photo VINELAND — EXIT Realty of New Jersey & Connecticut Regional recently held an awards banquet in North Jersey for its top-producing real estate agents.

  • 05/18/2013 - The $190 million fixer upper: Greenwich mansion listed with a record-setting price tag needs a new kitchen and other ...
  • The Copper Beech Farm in Greenwich, Connecticut is being listed by a real estate firm for 190 million, a new record for home prices in the United States.

  • 05/07/2013 - Conn. bill extending repair steering ban advances
  • HARTFORD, Conn. (AP) — Connecticut lawmakers are advancing a proposal to expand a ban on auto damage appraisers steering customers to specific repair shops to include glass repairs.        

  • 04/22/2013 - Calcagni Real Estate Unveils New Website
  • After months of research, planning, photo shoots, programming and testing, Calcagni Real Estate, one of Central Connecticut’s leading independent real estate brokerage, has finally unveiled their new website, www.calcagni.com. The newly redesigned site includes a fresh new look featuring local, unique photography of hidden treasures of our community, improved property search functionality with ...

  • 04/19/2013 - Taylor Swift House-Hunting for Multimillion-Dollar Summer Home
  • Taylor Swift is on the lookout again… The country crooner is currently searching in Rhode Island and Connecticut for her next big real estate purchase. Swift's been...

  • 04/17/2013 - Eileen Carey named managing director at Cushman & Wakefield
  • Eileen Carey has been named managing director of Corporate Occupier and Investor Services at Cushman & Wakefield, Inc. in East Rutherford. The promotion recognizes Carey's success in leading the commercial real estate services firm's growing portfolio management practice in New Jersey and Connecticut; Cushman & Wakefield's 400 employees manage in excess of 20 million square feet of office and ...

  • 04/17/2013 - Was Eike Batista's Dream Of Becoming The World's Richest Man Just That, A Dream?
  • In 1967, the self-made American billionaire Daniel K. Ludwig took a bold but very expensive gamble in Brazil. After buying a piece of the Amazon jungle larger than the state of Connecticut, the shipowner and real estate man--who has the distinction of being number one on the first Forbes 400 Richest Americans list published in 1982--spent a large chunk of his fortune building an industrial ...

  • 04/16/2013 - Our view: Local economy sees positives
  • When the weather is miserable in winter, with cold and ice and high snows, the last thing many of us want to think about is buying or selling a home. But more single-family homes in Eastern Connecticut were purchased in the first quarter this year than in 2012 — about 5 percent more. That has local real estate experts excited for the second quarter — traditionally the busiest quarter of the year.

  • 04/11/2013 - Correction: Connecticut Realtors
  • HARTFORD, Conn. (AP) — In a story April 10 about Connecticut Realtors meeting with state lawmakers, The Associated Press erroneously reported that Gov. Dannel P. Malloy is proposing to increase a portion of the real estate conveyance tax to help cover the state's budget deficit. Malloy made such a proposal in 2011 but his administration has not proposed such a tax increase this year.        

  • 04/10/2013 - Melanie Smith Of Southport Honored By Prudential
  • SOUTHPORT, Conn. -- Melanie Smith of Prudential Connecticut Realty has been named to Prudential Real Estate Affiliates Inc.'s prestigious Chairman’s Circle – Gold for 2012, placing her in the top 2 percent of all 47,000 Prudential real estate agents in North ...

  • 04/10/2013 - CT realtors set to meet with lawmakers
  • Hundreds of realtors from around Connecticut are expected to come to Hartford to meet with state lawmakers.

  • 03/10/2013 - Man Wanted In UConn Theft Arrested In Iowa
  • A man police accused of stealing items from residents at the University of Connecticut was arrested last week in Iowa, officials said.

  • 03/08/2013 - Bill allows Conn. towns to lower late tax rates
  • HARTFORD, Conn. (AP) — Connecticut lawmakers are considering a bill that would allow cities and towns to charge delinquent taxpayers a lower interest rate.

  • 03/06/2013 - Westfield Bank Announces Planned Expansion into Connecticut
  • Westfield Bank , a wholly owned subsidiary of Westfield Financial, Inc. announces plans today for expansion into Connecticut . The Bank plans to open a full service banking center with branch services, a 24 hour deposit imaging ATM, Residential Lender and Commercial Lender at the Granby Village Shops, 10 Hartford Ave., in Granby, CT.

  • 03/05/2013 - Bedford apartment complex sells for $49M
  • A Bedford developer has sold a 188-unit apartment complex to a Connecticut real estate investor. Criterion Development Partners, partnering with Northwestern Mutual, sold the Village at Taylor Pond to an affiliate of Hartford-based Cornerstone Real Estate Advisers. The sale price was not disclosed by broker CBRE New England, but real estate records show the transaction was valued at about $49 ...

  • 03/04/2013 - Sotheby's plants roots in Berkshires
  • GREAT BARRINGTON -- Sales of luxury homes in the Berkshires increased substantially in 2012, and a real estate firm that has had success in that market in Connecticut has decided to establish an office in Great Barrington.

  • 03/02/2013 - Conn. governor's revenue plan faces hearing
  • HARTFORD, Conn. (AP) — Connecticut lawmakers will hear public testimony on Gov. Dannel Malloy's revenue proposals, including a plan to slash local property taxes on vehicles.

  • 02/23/2013 - Letter: Malloy’s plan will penalize homeowner
  • Gov. Malloy’s budget slashes Connecticut’s car tax.

  • 02/22/2013 - Convention center board picks hotel developer
  • Convention center officials have selected a developer for a hotel project next to the Southie exhibit hall: Commonwealth Ventures. The Connecticut-based firm — teaming with real estate investor Area Property Partners of New York, Starwood Hotels, and Hub-based builder Suffolk Construction — was picked over Cambridge’s Carpenter & Co. for the nearly $140 million project that will bring a pair of ...

  • 02/11/2013 - Foxwoods jumps into fray for eastern Mass. casino
  • Connecticut's Foxwoods Resort Casino has joined the race to open a casino in eastern Massachusetts.CEO Scott Butera told The Associated Press on Monday that it is working with real estate developer David ...

  • 02/06/2013 - Shalva Chigirinsky: Russian oligarch 'brutally beat his ex-wife and caused her to suffer a miscarriage during a decade ...
  • Oil and real estate magnate Shalva Chigirinsky, 62, grinned as his ex-wife Tatiana Panchenkova, 48, detailed 10 alleged incidents of abuse to Connecticut court.

  • 01/31/2013 - READER SUBMITTED: Coldwell Banker Residential Brokerage Welcome Sandy Gervais To Avon Office
  • Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y., is pleased to welcome Farmington resident Sandy Gervais to the company's Avon office. Gervais will provide residential real estate services in Avon, Burlington, Farmington, Simsbury and the surrounding communities in Farmington Valley and Greater Hartford

  • 01/31/2013 - Conn. man convicted of wire fraud in Maine
  • PORTLAND, Maine (AP) — A Connecticut man has been convicted in Maine of wire fraud for a real estate scheme.

  • 01/30/2013 - Talking Small Biz: Soft-launching a software for landlords
  • JOHN NJOKU, 31, of Southwest Center City, is co-founder and chief executive of Kwelia. The start-up has developed software for property managers to price their apartments using real-time market data. Njoku, who has practiced law in New York and worked in real estate in New York and Connecticut, works with co-founder Chris Connell and "data guy" Greg Phillips from an office on Walnut Street near ...

  • 01/24/2013 - Mayor announces plans for Farrel complex development
  • ANSONIA — City and regional officials gathered Thursday at a press briefing at Ansonia City Hall to announce the sale of the 10-acre Farrel complex for $1.9 million. Mayor Jim Della Volpe expressed his appreciation to both seller, James Burns of Ansonia Real Estate Holdings, and buyer, Moustapha Diakhate of Connecticut-based Washington Management Company, for their commitment to Ansonia’s ...

  • 01/17/2013 - UC Funding Structures and Funds $3.5 Million Equity Investment in Stamford, CT
  • UC Funding LLC is pleased to announce that it funded a $3.5 million equity investment for the purchase of land and subsequent development of a hotel in Stamford, CT. The property site is located in the heart of the business district in Stamford, Connecticut.

  • 01/16/2013 - Regional Hospice and Home Care of Western Connecticut Signs New Lease at Matrix Corporate Center in Danbury, CT
  • DANBURY, Conn., Jan. 16, 2013 /PRNewswire/ -- Regional Hospice and Home Care of Western Connecticut is pleased to announce their organization will take up temporary residence at the Matrix Corporate Center, ...

  • 01/17/2013 - Robbers Chased Into CT, Police Say
  • A police chase that followed a violent, armed robbery in Massachusetts came into Connecticut early Thursday, police said.

  • 01/10/2013 - Starkey family sells Pasco ranch for $54 million
  • The Starkey family has sold its 2,500-acre ranch to Connecticut-based private equity firm Wheelock Street Capital for $54 million.

  • 01/07/2013 - Arent Fox Opens New Washington, DC Office
  • WASHINGTON, Jan. 7, 2013 /PRNewswire/ -- Arent Fox LLP, a leading national law firm, has opened its new Washington, DC office at the iconic corner of Connecticut Avenue and K Street, NW. The architecturally ...

  • 01/05/2013 - Public Square Garage sold to Conn. investment group
  • The real estate arm of a Connecticut-based parking operator has paid $11.3 million for downtown’s Public Square Garage and its first-floor office space.

  • 01/04/2013 - Social Investing Grows as Nation’s Mood Darkens: Peter Atwater
  • Days after Adam Lanza used a Bushmaster AR-15 semiautomatic rifle to kill 20 first graders and six adults at the Sandy Hook elementary school in Newton, Connecticut, California’s Treasurer urged the state’s Teacher’s pension fund to sell its stake in Cerebus Capital Management which owns the Bushmaster manufacturer. Cerebus subsequently announced it was selling Freedom [...]

  • 12/23/2012 - Stratford looking for real estate agents
  • The "Mercer Coal" silos on Stratford, Ave. in Stratford, Conn. Dec. 12th, 2012. Photo: Ned Gerard / Connecticut Post | Buy This Photo The "Mercer Coal" silos on Stratford, Ave. in Stratford, Conn. Dec. 12th, 2012.

  • 11/24/2012 - Cops: Connecticut real estate agent stole for sale signs
  • BRIDGEPORT, Conn . (AP) — A Connecticut real estate agent has been charged with stealing a competitor's for sale signs from the front lawns of area homes.

  • 11/24/2012 - Conn. realtor accused of stealing 'for sale' signs
  • BRIDGEPORT, Conn. – A Connecticut real estate agent has been charged with stealing a competitor's for sale signs from the front lawns of area homes. Police say 54-year-old Robert Toth, of Shelton, was charged Wednesday with third-degree larceny and first-degree criminal trespass.

  • 11/23/2012 - Officers: Connecticut real estate agent stole for sale signs
  • A Connecticut real estate agent has been charged with stealing a competitor's for sale signs from the front lawns of area homes.

  • 11/23/2012 - Cops: Conn. real estate agent stole for sale signs
  • A Connecticut real estate agent has been charged with stealing a competitor's for sale signs from the front lawns of area homes.

  • 11/21/2012 - Chambers react to decision to seek more school proposals
  • BRISTOL — A “very disturbed” Central Connecticut Chambers of Commerce is dropping its effort to win city backing for its plan to turn Memorial Boulevard School into an arts center and business incubator.

  • 11/19/2012 - Connecticut economy still wobbly
  • Unemployment ticked up in Connecticut for October -- but so did home sales -- sending mixed messages on the economy as the holiday shopping season looms.

  • 11/05/2012 - No NYC Race? Run for Charity
  • Karin Keith, a 43-year-old real estate agent in Fairfield, was among 13 runners affiliated with the Connecticut Challenge who ran a marathon-length stretch throughout Fairfield and Westport on Sunday despite the cancellation of the world’s largest marathon late Friday.

  • 11/05/2012 - Sandy Can't Stop Run for Amy
  • Karin Keith, a 43-year-old real estate agent in Fairfield, was among 13 runners affiliated with the Connecticut Challenge who ran a marathon-length stretch throughout Fairfield and Westport on Sunday despite the cancellation of the world’s largest marathon late Friday.

  • 11/06/2012 - Price paid for former Papa John's property on East Huron: $1.5M
  • A Connecticut-based real estate firm purchased the former Papa John's property in downtown Ann Arbor for $1.5 million as part of its plans to redevelop the corner.Lizzy Alfs | AnnArbor.comThe land deal for the controversial 14-story development proposed for...

  • 11/04/2012 - Three Arrested After Police Pursuit
  • Search the Courant's real estate transactions data by keyword, locality or date. • Visit the Connecticut Real Estate Transactions search page for more details about this database.

  • 10/31/2012 - Wheel Estates tenants to meet, talk of action against $2.73M offer on mobile home park
  • Thursday November 1, 2012 NORTH ADAMS -- The Wheel Estates Tenants Association will gather at 7 p.m. tonight at the mobile home park’s recreation hall to see if there is enough interest to attempt to counter the $2.73 million offer for the park being made by a Connecticut management firm. Residents of the 200-unit mobile home park were notified last week that Real Estate Seekers

  • 10/31/2012 - Civic-Passat-Caravan Buyers Shake Off Consumer Reports
  • Liz Doll, a real estate agent in Connecticut, had little interest in the highly rated Hyundai Elantra when shopping for a new car this year. She instead went with a Volkswagen Passat (PSAT) that has drawn mixed reviews.

  • 10/31/2012 - Buffett taking his Pru realty network nat'l
  • Warren Buffett's company says it is buying the Prudential and Real Living real estate franchise and launching a new brokerage brand for those agents, The Associated Press reports. Buffett bought Wallingford's Prudential Connecticut Realty last April.

  • 10/26/2012 - Wheel Estate sale pending
  • Saturday October 27, 2012 NORTH ADAMS -- A Connecticut-based management and realty firm is looking to purchase the Wheel Estate Mobile Home Park for $2.73 million from owner Morgan Management. Tenants of the 200-unit mobile community were notified earlier this week by Morgan Management that a purchase and sales agreement has been signed with Real Estate Seekers LLC, of Gales Ferry, Conn.

  • 10/21/2012 - Forum puts spotlight on Southington candidates
  • SOUTHINGTON — Five seats, nine candidates. The voters got a chance Thursday to get to know the incumbents and challengers vying for the chance to represent Southington in the Connecticut General Assembly.

  • 10/05/2012 - CBIA adds three new members to Government Affairs Team
  • Connecticut Business and Industry Association has added three members to its Government Affairs Team.