April 20, 2018
Waterwar

Water War About To Pour Down In Connecticut

HARTFORD: Eversource Energy, New England’s largest public utility company made an offer on April 5th to purchase the Connecticut Water Service, which it disclosed on Thursday April 19th. CTWS had previously agreed to be…
April 20, 2018
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Alexion Acquisition - A Pick for the Long Haul

By Mitchell Young NEW HAVEN: Alexion Pharmaceuticals, Inc. [NASDAQ:ALXN] is acquiring Wilson Therapeutics AB (publ) for $855 million, in an all cash transaction. Wilson Therapeutics is a biopharmaceutical company, based in…
April 18, 2018
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Connecticut Innovations Funds 43 Companies in Final 2017 Quarter

ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support for Connecticut’s innovative, growing companies”, invested $9.4 million…
April 18, 2018
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Connecticut Casino Revenue Well Up In March

LEDYARD: After years in the recession fueld dumps, Connecticut’s casino’s are seeing some bright lights and the state's’s coffers are feeling the love as well. Revenue from slots were up significantly at Foxwoods Resort…

New Haven Biotech Arvinas Raises $55 Million To Advance Cancer Drugs

Apr 10, 2018
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NEW HAVEN: The privately owned and venture financed Arvinas LLC, has raised $55 million Series C financing for development…

Fairfield County’s Commercial Real Estate Market “Stable” To Start 2018

Apr 20, 2018
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Factset's New Home at 45 Glover Avenue, Stamford STAMFORD: Although it was a turbulent first quarter for certain submarkets,…

Former Trump Estate Hits Market

Apr 10, 2018
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GREENWICH: A Waterfront estate formerly owned by President Donald Trump is on the market for $45 million. The property,…

Hartford HealthCare To Acquire Bridgeport’s St. Vincent's Medical Center

Apr 01, 2018
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BRIDGEPORT: St. Vincent’s Medical Center in Bridgeport and its parent Ascension Health have signed a non-binding letter of…

Bridgeport Concert Venue Design Revealed

Apr 01, 2018
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BRIDGEPORT: Torpedoes or lawsuits be dammed that is the plan of Bridgeport’s Mayor Joe Ganim, and concert amphitheater…

90's Era New Haven Developer Bob Mathews Indicted For EB 5 Visa "Scheme" (2)

Apr 01, 2018
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The estate of former New Haven Developer Bob Mathews, now under federal indictment. The home was priced for auction at $26.5…

Law Firm May Challenge Connecticut Water Takeover

Apr 01, 2018
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A Law firm is questioning SJW Group's takeover of Connecticut Water Service, engineerd by former CWS CEO and current SJW CEO…

Edible International To Open Second Headquarters in Atlanta, Names President (2)

Mar 03, 2018
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Christian Nahas has been appointed President of Edible Brands, and will work from the company's "second" headquarters in…

Fed Report Sides With Utilities, Scolds Environmental Group

Mar 03, 2018
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WASHINGTON: Eversource and Avantgrid [United Illuminating] have won a major battle in a against allegations by an…

Health

Quinnipiac Appoints Dean of Nursing School

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NORTH HAVEN : Lisa G. O’Connor of East Haddam has been appointed Dean, of the School of Nursing at Quinnipiac University, O’Connor had been associate…

Hartford HealthCare To Acquire Bridgeport’s St. Vincent's Medical Center

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BRIDGEPORT: St. Vincent’s Medical Center in Bridgeport and its parent Ascension Health have signed a non-binding letter of intent with Hartford…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

Advocates for marijuana sales point to big economic boost

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By: Keith M. Phaneuf |ctmirror.org Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic,…

Breaking down this year’s Access Health CT open enrollment

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By: MACKENZIE RIGG | ctmirror.org In all, 114,134 residents enrolled in private health insurance through the state’s health insurance exchange,…

Wallingford Medical Device Company Launches Product To Control Internal…

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WALINGFORD: Z-Medica, LLC, a developer of hemostatic devices, announced that QuikClot Control+® approved by the FDA in June of 2017 is now…

Children's Hospital Invests In Mass. Biotech

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HARTFORD: Connecticut Children's Medical Center has made an investment in a small Massachusetts based biotech company Biostage, Inc. [OTCQB:…

State Seeks More Medical Marijuana Sellers

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HARTFORD: US Attorney General Jeff Sessions may be trying to arrest the increase in marijuana sales in states across the country, but Connecticut is…

Chester Retirement Community Sold

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CHESTER: Chester Village West set on 55 acres with 105 cottages and apartments was purchased by Masonicare, based in Wallingford, the state’s largest…

ACA Mandate Gone, State Eyes Imposing Its Own

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By: Ana Radelat | ctmirror.com Washington – As Congress is about to vote on a tax overhaul that will gut the Affordable Care Act’s mandate that most…

Technology

Connecticut Innovations Funds 43 Companies in Final 2017 Quarter

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ROCKY HILL: Connecticut Innovations (CI), Connecticut’s venture capital arm and what they say is the “leading source of financing and ongoing support…

Fox Network Prevails Against Fairfield Video Search Company In Court

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FAIRFIELD: TVEyes, Inc. has lost in the United States Court of Appeals for the Second Circuit to Fox News Network, LLC, a decision preventing the…

OPINION: How Connecticut became the least likely innovation hub in the U.S.

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By Matthew McCooe, Connecticut Innovations Think back to where Connecticut was 20 years ago. A National Hockey League franchise had just left the…

New Crowdfunding and Crowdsourcing Ecosystem Helps Test Ideas, Hire…

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Logan: "Entrepreneurs can do more than offer rewards to backers." PLANTSVILLE: Two Connecticut entrepreneurs are taking on the crowd funding and…

Tech Company Hopes To Disrupt CT Real Estate Market

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FAIRFIELD: Connecticut has a new real estate company that is hoping that their expertise in software and digital marketing will allow them to disrupt…

New Haven's New Tech District Is Right Around The Corner

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By Mitchell Young NEW HAVEN: In December 2014, digital media entrepreneurs David Salinas and Peter Sena founders of Digital Surgeons a New Haven…

Nigerian National Pleads Guilty in E-Mail Scheme Defrauding Connecticut…

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NEW HAVEN: John H. Durham, United States Attorney for the District of Connecticut, and Patricia M. Ferrick, Special Agent in Charge of the New Haven…

Two Fast Growing Bank Service Companies Set Joint Marketing Plan

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Leaders in Core and Compliance Management Services Working Together to Expand the Deployment of the Unified Compliance Management Model in the…

Datto Founder Donates $50 Million to Alma Mater

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STAMFORD: Austin McChord, founder and CEO of Datto, one of Connecticut’s fastest growing tech companies has donated $50 million to the Rochester…

Glastonbury Financial Service Company Raises $6 Million From Strategic…

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GLASTONBURY: Payrailz, a digital payments company offering advanced bill payment and money transfer solutions to banks and credit unions, announces…

Real Estate & Construction

Manufactuer Expands, Signs 50,400 Square Foot Lease In Wallingford

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WALLINGFORD: NN Inc. [NASDAQ: NNBR] based in Johnson City, TN has leased the 50,400 square foot building located at 6 Northrup Industrial Park Road.…

Housing Center Gets New Home

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HARTFORD: 60 Popieluszko Court built in 1935 and rehabbed in 2005 was sold for $550,000 to the Connecticut Fair Housing Center. O,R&L Commercial, LLC…

Pirie Architects Adds Two

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Morgan Davis NEW HAVEN: , CT Pirie Associates Architects has hired Jake Morgan and Danielle Davis, RA “to its growing team.” Morgan comes to Pirie…

"Fast" Architects Hire New Biz Developer

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New Haven: Svigals + Partners, has appointed Crystal Grim, as director of business development and marketing. “We’re fortunate to have someone with…

Centerbrook Architects - Two New Hires

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CENTERBROOK: Centerbrook Architects & Planners has hired René Brakels and Cassie Archer to the architectural staff. Brakels joins Centerbrook with a…

More Go Karts, Trampolines and Laser Tag

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ORANGE: A new entertainment complex is coming Orange, occupying a former big box rtailing location. Kevin Weirsman, broker and vice president of…

Middletown Apartment's Attract $62.5 Million Purchase

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MIDDLETOWN: Connecticut’s apartment market continues to attract strong interest among investors as another apartment portfolio brings in a large…

Aging “Affordable” Apartment Complex To Get Fresh Renovation

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St.John Tower, 1971 Rendering of Makeover, to "enhance the visual impact." STAMFORD: Quisenberry Arcari Malik, LLC (QA+M Architecture) of Farmington…

Webster Joins Flagship Building’s “Turnaround” In Downtown Stamford

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STAMFORD: Webster Bank has leased 25,000 square feet of office space at 200 Elm Street, .a class A office property located in downtown. Owned by…

Fairfield County’s Commercial Real Estate Market “Stable” To Start 2018

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Factset's New Home at 45 Glover Avenue, Stamford STAMFORD: Although it was a turbulent first quarter for certain submarkets, Fairfield County’s…

Government

Mr. Smith Wants to Go to Hartford

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OPINION: By Mitchell Young Or does he? Webster Bank Chairman and former CEO James Smith said on April 6 he wants to be Connecticut’s next Governor,…

Joel Schiavone: New Haven What Road To Where

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Joel Schiavone in New Haven magazine's first profile in 2007, on the Chaple Street that he layed the foundation for. Perhaps more than any single…

90's Era New Haven Developer Bob Mathews Indicted For EB 5 Visa "Scheme"…

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The estate of former New Haven Developer Bob Mathews, now under federal indictment. The home was priced for auction at $26.5 million, but has been…

Bridgeport Concert Venue Design Revealed

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BRIDGEPORT: Torpedoes or lawsuits be dammed that is the plan of Bridgeport’s Mayor Joe Ganim, and concert amphitheater developers Howard Saffan and…

CT Lawmakers Explore Sports Betting Ahead of SCOTUS Decision

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By: Keith M. Phaneuf and Clarice Silber ctmirror.org HARTFORD: House Democratic leaders are preparing to enact legislation this spring to launch…

Anti-Marijuana Organization Cites Potential Costs to Legalization

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HARTFORD: While Advocates for legalization of recreational use of Marijuana in Connecticut cite economic benefit to the state an anti-legalization…

Advocates for marijuana sales point to big economic boost

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By: Keith M. Phaneuf |ctmirror.org Advocates for legalizing recreational marijuana use in Connecticut — and taxing its sales — are hoping a holistic,…

Fairness to Governor May Come At Expense of Business

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Hartford: Governor Dannel Malloy thinks the Federal government has been so good to business that a little more tax coming their way is just fine.…

GoodwinSquareGLASTONBURY: United Bank [United Financial Corp, NASDAQ: UNBK] is making a big deposit in downtown Hartford. William H. W. Crawford, IV, CEO is relocating the bank’s headquarters from Glastonbury to 68,000 square feet at Goodwin Square, 225 Asylum Street, in downtown.

The move will occur in the third quarter of this year and will bring 200 employees to the city. United Bank currently occupies 48,000 square feet of space at 45 Glastonbury Boulevard. Still under lease, the bank is seeking to sublet the space. Bank officials cited a very tight office market in town as one reason for the relocation.

In 2014, a merger with Rockville Bank brought the bank’s assets from $1.7 billion to $6.6 billion and the number of employees increased from 220 to more than 700.

The bank was represented by John McCormick of CB Richard Ellis in their relocation search.

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UB's CEO Crawford: "We see this as an opportunity to build upon our market share in Greater Hartford."

 

Along with the move, United Bank will receive a marketing boost too, as Goodwin Square's signature tenant it will receive extensive signage and branding visible in downtown Hartford and from I-84 and I-91. The bank is expecting to open a retail banking branch in downtown Hartford, as well.

Crawford, see’s the move as providing growth for the bank saying ”we see this as an opportunity to build upon our market share in Greater Hartford where we have the #4 deposit market share.”

The bank’s location is good news for a city that has been having trouble finding some lately.  Hartford’s new Mayor Luke Bronin has been on a tour of the region’s suburbs asking for support at the state legislature for Hartford’s needs.

Bronin said of the move, "I'm thrilled that United Bank has chosen Hartford as the new home and [for] hundreds of employees," adding [the] announcement demonstrates that employers see the power and benefit of being in an urban center.”

Brian and Steve Kohn of Westport Capital Partners  purchased the 30 story Goodwin Square in 2015 at auction for $17.5 million and the company is renovating its 330,000 square foot office tower. The Greenwich Hospitality Group purchased the Goodwin Hotel from Westport. The historic hotel has 114 rooms and 24 suites and has been closed since 2009, it is expected to reopen later this year.