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Connecticut Real Estate Industry News

Miami listed as the HQ for Connecticut’s third largest finance firm

04/18/2018 With assets of $55 billion under management today, as of last October Starwood was ranked the largest real estate investment trust based in Connecticut, according to calculations by Pensions & Investments and Willis Towers Watson. Starwood had been the ...

Prices for Luxury Homes in Greenwich, Connecticut, Rise Sharply

04/19/2018 More: Private Island off of Connecticut Returns to the Market Asking $8.7M The ... author of the Douglas Elliman report and chief executive of real estate appraisal firm Miller Samuel. That realistic pricing is leading to more sales and, in turn, price ...

Landmark closes eighth real estate secondaries fund on $3.3 bln

04/17/2018 “Our dedicated real estate team, coupled with commitments from over 150 ... London, New York and Simsbury, Connecticut. www.landmarkpartners.com

Understanding the Great Connecticut Taxpocalypse

04/17/2018 “Anything that might drive down the value of real estate is a possible threat.” The very wealthiest households in Connecticut may make up enough in tax cuts from the Republican bill to offset their higher property tax obligations. In that ...

With signals mixed, Connecticut builders cautious on 2018 outlook

04/14/2018 Connecticut permits have surged to start the year ... CEO of the Greater Norwalk Chamber of Commerce, during a real estate forum earlier this month in Norwalk co-sponsored with the Westport Weston Chamber of Commerce. “We can’t necessarily tax our ...

Connecticut Movers: Accomplished Teams Assign Key Star Players

04/13/2018 Meyers is a member of the Connecticut Bar Association and the New England Land Title Association (NELTA), and has been an expert witness in court matters regarding title disputes and standards of professional responsibility for real estate practitioners.

Harvey Weinstein's Selling Spree: Decoding His $51.6M Real Estate Dump

04/12/2018 It's no secret that Harvey Weinstein is rushing to unload his real estate portfolio. Over the past six months ... Two properties in Westport, Connecticut, sold for a total of $16 million, $7.7 million more than he paid for them. But so far the biggest ...

Real estate developer from Florida gets 7 years for investment scheme

04/11/2018 NEW LONDON, Conn. — A real estate developer from Florida has been sentenced to over 7 years in prison at a federal court hearing in Connecticut. Seventy-five-year-old John DiMenna of Vero Beach operated an extensive real estate investment scheme that ...

Connecticut Home Sales Weak In February But Prices Jump

04/09/2018 Timothy Warren, The Warren Group’s chief executive, said the inventory of homes for sale is dropping in Connecticut — and may be contributing to the higher prices. “Closings from the spring real estate shopping season peak in the summer months ...

Greg Kraut Submits $2B Proposal for Immediate Sale-Leaseback of Connecticut and Hartford Owned Properties to Balance the Budget and Bailout Hartford

04/05/2018 These proposals call for the immediate sale-leaseback of city and state-owned real estate and will enable both Connecticut and Hartford to immediately recover financially. “This will specifically prevent any further tax on our residents, improve our ...

Donald Trump used to own this $45 million Connecticut mansion with Ivana — take a look inside

04/06/2018 Greenwich, a posh Connecticut town in Fairfield County ... Coldwell Banker/Chris Meech Trump, a real estate tycoon, has quite a few impressive properties in his personal portfolio, including a $100 million, New York City penthouse (lavishly decorated ...

Connecticut office building sold for $5M

04/06/2018 A 25,000-square-foot, three-story office building in Connecticut sold for more than $5 million last month. RHYS, a Stamford-based commercial real estate firm brokered the sale of 1 Eliot Place in Fairfield, Connecticut. Rockwest Real Estate Partners ...

Family of bears play on Connecticut woman's hammock

04/06/2018 April 6 (UPI) --A Connecticut resident captured video of a family of bears ... Bobcat battles rattlesnake next to Arizona sidewalk 50 minutes ago ago April 6 (UPI) -- An Arizona real estate agent showing a house captured video of some unexpected urban ...

307 Old Connecticut Path, Wayland

04/05/2018 307 Old Connecticut Path, Wayland, MA 01778 is a single family home for sale, and has been listed on the market for 24 hours. 307 Old Connecticut Path is in the Cochituate neighborhood, which has a median listing price of $499,000. The median listing price ...

Connecticut and Hartford Get $2 Billion Offer to Buy Real Estate

04/05/2018 (Bloomberg)—Desperate times call for desperate measures. But are Connecticut and its capital, Hartford, desperate enough to sell and lease back their properties and guarantee the buyer a hefty return? A Chicago-based private equity real estate firm is ...

Man Accused Of Killing CT Grandfather, Possibly Mom Faces Judge

04/03/2018 The judge took the document request under advisement. Carman has been called a suspect in the 2013 shooting death of his grandfather, real estate developer John Chakalos in Connecticut, and the 2016 disappearance of his mother. Daily Newsletter The latest ...

The Connecticut Mansion Donald Trump Shared With Ivana Hits Market for $45 Million

04/02/2018 The yuuuuge waterfront mansion that President Donald Trump once shared with his ex-wife Ivana Trump in a posh Connecticut suburb is now on ... "It's a one-of-a-kind property," says real estate agent Tamar Lurie of Coldwell Banker, who is listing ...

Connecticut lags in income growth

03/28/2018 construction and real estate have slipped even further behind. Gioia cited Connecticut’s onerous tax code as one major reason for the state’s weak income growth. Though many neighboring states like Massachusetts and New York are widely known for ...

Sears' reclusive CEO explains why he rarely visits the office — and instead lives at his sprawling $38 million estate that's 1,400 miles away

03/27/2018 Connecticut, a $14.5 million home in Aspen, Colorado, and a 288-foot yacht, which he named The Fountainhead. Sears, which also owns Kmart, has been selling off brands and real estate to stay afloat amid years of falling sales. The company's sales have ...

Connecticut Pension Funds Return More Than 16% in 2017

03/27/2018 Connecticut’s two largest pension funds ... The emerging market debt portfolio of the CRPTF returned 14.2%, while the real estate and private equity portfolios posted returns of 7.3% and 12.9% respectively. The strong returns were “a much needed ...

Hudson’s Bay Co.: Buy for the Real Estate

03/15/2018 And that real estate has significant value. According to Land & Buildings, a Connecticut-based hedge fund, the net asset value of Hudson’s Bay real estate is upwards of $35 per share. With shares under $10 right now, it’s easy to understand why the ...

Last-Minute Deductions for U.S. Rental Property Owners

03/22/2018 A: It depends on what kind of property it is, according to William Kambas, partner at Withers Bergman LLP, an international law firm with US offices in Connecticut, New York and California. The rules for individuals vary greatly from real estate ...

CT Water to merge with Calif. water utility

03/15/2018 Also on Thursday, Connecticut Water announced a spike in its 2017 net earnings of $25.1 million, or $2.17 per share, on total revenues of $113.8 million from its water operations, service and rentals, and real estate segments. By comparison, the company ...

Rowland Pal Robert Matthews Charged With Massive Florida Real Estate Fraud

03/15/2018 Matthews and the others are being prosecuted in Connecticut. In the scheme targeted by the indictment ... The suit alleges that Matthews was described as one of the country’s top real estate developers and that "Donald Trump and Bill Clinton would ...

Scalzo Group Honored as a 2018 Best Places to Work In CT

03/15/2018 Scalzo Group was named one of this year's Best Places to Work in Connecticut in the small company (15 to ... Scalzo Group is a full service, family owned real estate company. Founded in 1987, the Scalzo Group of companies consists of Scalzo Group Real ...

Riverside Resident Appointed to NAIOP CT & Suburban NY Board

03/14/2018 NAIOP Connecticut & Suburban New York, a chapter of NAIOP, the Commercial Real Estate Development Association, has appointed Robinson+Cole lawyer April F. Condon to its Board of Directors. Ms. Condon is a member of the firm's Real Estate + Development Group.

OPINION: Connecticut needs to reduce taxes to attract businesses

03/09/2018 Since 1992, Connecticut has had the slowest employment growth in the ... to be the most important thing we can do to assure our state’s attractiveness and real estate values.” Hogwash. Home prices are stagnating or declining and high tax burdens ...

Pair of bills to salvage parts of Obamacare introduced in CT statehouse

03/09/2018 In written testimony that Gov. Dannel Malloy submitted to the General Assembly’s Insurance and Real Estate Committee, which held a March 8 public hearing on legislation he introduced earlier this year, he said Connecticut should continue to provide ...

CT ponders an individual mandate — and two vastly different penalties

03/09/2018 Legislators on the Insurance and Real Estate Committee, however ... and thus help ensure that Connecticut's individual market risk pool is sufficient to hold the line on premium costs." "The fees from those who opt not to carry health insurance may ...

Forbes IDs 17 CT billionaires

03/07/2018 Other Connecticut residents on Forbes' 2018 list include ... Forbes said that Trump's fortune fell in part due to declining Manhattan real estate values, as well as lower revenues at several Trump golf properties.

Most Expensive Homes For Sale In Each Connecticut County

03/03/2018 There are a large number of amazing luxury homes on the market in Connecticut, with each county offering its ... The perfect home for nature lovers, this multi-family Avon estate features four homes, three barns, a 12-acre swimming pond and more.

10th Annual NYC Real Estate Expo to be held Wednesday, April 18th at the New York Hilton Midtown

03/05/2018 Manhattan, NY The 10th Annual NYC Real Estate Expo will be held Wednesday ... or want to do business – in New York’s five boroughs, Westchester County, Connecticut and/or New Jersey. People come from as far as Florida, California and Texas.

Lloyd Neck Estate House Currently Top Billing on Long Island

03/06/2018 Eight bedrooms, eight full and four half baths, an enclosed dining veranda and a master suite offering 120-degree views of Long Island Sound and Connecticut occupy the ... connecting the world’s affluent real estate buyers with prestige properties ...

Connecticut's Most Expensive Property Listing Includes 7 Islands For $50M

03/01/2018 Here's one seriously rare and extraordinary real estate opportunity: Seven islands off the coast of Connecticut are for sale for $50 million. Located in Branford, the Thimble Islands Portfolio is quaint and full of personality. On the largest island ...

Stinky Dump Upsetting Neighbors In CT Community: Patch PM

03/01/2018 Share-worthy stories from the Connecticut Patch network to talk about tonight: What's New On Netflix: March 2018 Patch Smiles: 10 Stories About Pets And Animals You Need To Read The 20 Hottest Real Estate Markets For February 2018 Patch PM shares a few of ...

CT DECD invites 'Opportunity Zones' petitions

02/27/2018 The state is inviting Connecticut municipalities to apply to participate ... These funds may seed new businesses, expand existing firms, or undertake real estate development. Qualifying investments may include a broad range of commercial and residential ...

Authorities: Real estate developer's death ruled suicide in Fairfield

02/23/2018 According to the Connecticut Post, the Office of the Chief Medical Examiner ... The privately-held commercial real estate development company has a portfolio of more than five million square feet of retail, office and industrial space.

Real estate developer killed by Metro-North train in Fairfield

02/21/2018 A prominent real estate developer was struck and killed by a Metro-North train early Wednesday morning in Fairfield. The state of Connecticut has agreed to pay $6.25 million to the estate of a couple killed more than a decade ago when a tree limb fell on ...

CNN: Mueller taking an interest in Kushner debt, real estate

02/20/2018 They said that Kushner was there in his capacity as head of his family’s real estate business. Investigators say they ... by Trump family members,” said Senator Richard Blumenthal of Connecticut, a Democrat on the Senate Judiciary Committee.

Trump health plan gets mixed reviews in CT

02/19/2018 Mary Ann Hebert, a director and past president of the Connecticut Association of Realtors, said the state’s real estate agents are independent contractors who often struggle to find affordable health insurance. Hebert said the National Association of ...