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Connecticut Real Estate Market News
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."

06/14/2013 - Waterford woman named Eastern CT Realtor of the Year

Marilyn Lusher, a Waterford resident who works at the RE/MAX Home Team in Waterford, was named Eastern Connecticut Realtor of the Year during a dinner in Norwich on Wednesday.

06/07/2013 - EdR to Add 92 Apartments in CT - Analyst Blog

Education Realty Trust Inc. ( EDR ) ("EdR"), a real estate investment trust (REIT), recently disclosed the addition of 92 apartments next to the University of Connecticut. The

06/06/2013 - Luxury Sales Continue to Bounce Back, Brokers Say

Natalie Keyssar for The Wall Street Journal Copper Beech Farm, an estate located in Greenwich, Connecticut, was listed last month for a believed record $190 million. Cash buyers, low mortgage rates and rising consumer confidence are among the biggest drivers pushing luxury housing in the U.S., according to luxury real-estate agents at the annual conference of the National Association of Real ...

05/08/2013 - Canada Pension Plan Investment Board & GE Capital Real Estate Announce a Co-Investment Program to Invest in Central ...

TORONTO, ONTARIO and NORWALK, CONNECTICUT--(Marketwired - May 8, 2013) - Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate (GECRE) announced today the recent formation of the Tokyo Office Venture (TOV) targeting investment in mid-size Class A-B offices in key Central Business District sub-markets.

06/02/2013 - Despite low inventory, home sales are rising

The Central Connecticut real estate market is bucking a state trend toward higher prices and lower sales volume, according to recent data and local real estate agents.

05/29/2013 - PruCT Realty offers U.S. vets a career gateway

Wallingford's Prudential Connecticut Realty is offering a program that lets ex-soldiers stake real estate careers.

05/23/2013 - Rockleigh building to undergo $30 million upgrade

ROCKLEIGH — A Connecticut real estate company has acquired 8 King Road, a two-building 200,000 square foot diagnostic lab and office property, where it plans to do $30 million in improvements, the company said Thursday.

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.