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May: Condo Sales Boom and Single Family Sales Show Strong Growth

Hartford: Connecticut real estate agents and homeowners selling their homes had a good month in May according to a report issued by the Connecticut Association of Realtors. Single-family residential home median sales prices…
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Alexion Stock Up 27% - CEO and Other Insiders Load Up On $230+ Million in…

By Mitchell Young Shares of Alexion stock have taken off after being pummeled by concerns about executive turnover at the company and reports of “aggressive sales practices." The C-Suite changes were initiated by new CEO…
casino

Connecticut Wins Early Round In Casino Court Fight With MGM

By Mark Pazniokas ctmirror.com New YorK: A federal appeals court Wednesday ruled against MGM Resorts International, the owner of a casino under construction in Springfield, in the first round of what is expected to be a…
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FDA Approves Ground Breaking Antibiotic From New Haven Biotech

By Mitchell Young New Haven: The FDA has approved Melinta Therapeutics' Baxdela (delafloxacin), a fluoroquinolone antibiotic for the treatment of acute bacterial skin and skin structure infections (ABSSSI). The company was…
iterium

Dublin Based Biotech Raises Funds and Expands CT Facility

Old Saybrook: Iterum Therapeutics US Limited, of Dublin Ireland is expanding its expanding its space and commitment in Old Saybrook. The company has leased 9413 square feet, at 20 at 20 Research Parkway. The company…
connecticare kelsey

Health Insurers Seek Double-Digit Rate Increases

By: Kyle Constable ctmirror.org Connecticare actuary Kelsey, tries to lay out the numbers behind the company's proposed rate increases. Hartford: Two of the state’s largest health insurers came face to face with hostile…
otb

A British Bet On OTB in Connecticut’s Roiled Gambling Market

Upstairs at Winners, the new OTB in Bobby V’s in Stamford. A bigger video screen is over the bar. Photo: Mark Pazinokas By Mark Pazniokas ctmirror.com Stamford: Ted Taylor settled onto an upholstered leather bench in an…
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Most Overplayed Story in Connecticut

OPINION: Relocation of Aetna Executives. The trend in corporate America to move headquarters from relatively quiet “suburban campuses” to more dynamic cities has hit Connecticut’s ego pretty hard. GE and soon Aetna’s…

Most Underplayed Story, In Connecticut

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OPINION Amazon’s $255 Million Plant and Nearly 2000 New Jobs One of America’s premier companies announces a $255 million…

New CFO and A Possible Looming Write Off - Help Boost Alexion Stock

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New CFO Paul Clancy brought a rise in the company's stock price with him. By Mitchell Young New Haven: Continued reports in…

GE CEO Succumbs To Pressure and Steps Down Early

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Boston: General Electric's [ NYSE: GE] CEO Jeff Immelt is stepping down after seventeen years, John Flannery the president…

Amazon to Create Large-Scale Distribution Center and Add 1,800 New Jobs in North Haven

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PRESS RELEASE: Governor Dannel Malloy Company’s Investments Will Bring Jobs, Economic Activity, and Tax Revenue to the Town,…
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Alexion: Blame It On Brazil or Kanuma -The Stock Dives, And The Movers Get…

Alexion's New CEO Ludwig Hantson is making major executive changes By Mitchell Young New Haven: In spite of unexpected sales and earnings growth announced by Alexion Pharmaceuticals [Nasdaq: ALXN] just weeks ago, the…
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With Trump's Legal Pick Lieberman Is Likely Off FBI Job List

By Ana Radelat ctmirror.com Trump Picks Lieberman Associate Kasowitz As Personal Lawyer In Russia Probe Washington – President Donald Trump’s decision to hire attorney Marc Kasowitz to serve as his private lawyer during…
GNHCC TONY RESCIGNO

Rescigno to Retire from Greater New Haven Chamber of Commerce

CHAMBER RELEASE New Haven, CT (May 22, 2017) – After 17 years of service as the President of the Greater New Haven Chamber of Commerce (GNHCC), Anthony Rescigno announced today his plans to retire on December 31, 2017. A…
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Dems Say Yes To Pot Cash, Casinos, Big Cuts To Munis

Democrats would slash municipal aid, allow casino, legalize pot By Keith M. Phaneuf ctmirror.com Hartford: House and Senate Democrats Tuesday recommended opening a new casino, legalizing marijuana and imposing deep cuts to…

Senate GOP Not Ready To Share CT Budget Fix With The Public

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By Keith M. Phaneuf ctmiror.com Another question of public access arose Monday in the struggle to balance the next state…

Health Insurers Seek Big Rate Hikes, Blame Obamacare’s Uncertain Future

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By Ana Radelat ctmirror.com Hartford: The state’s health insurers are asking for sizeable rate increases for individual and…

Auto Dealers Cite Tesla Cheating Report, To Stop Exemption Bill

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Dealers Are Charging Up to Challenge Tesla - with Cars Too The DMV report says Tesla's Greenwich showroom violated…

Casino Revenues Stable, Foxwoods Weak, Mohegan Up

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Mashantucket, Uncasville: Connecticut’s casinos have reported mixed results for April. Foxwoods reported slot revenue of…

After Layoffs, Investigation, New CEOs - Alexion Reports Results

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By Mitchell Young New Haven: Worry warts that reacted to Alexion Pharmaceuticals, Inc.’s [Nasdaq: ALXN] announcement that it…

That’s The Spirit, Bradley Adds New Airline to The Mix

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Windsor Locks: Will Connecticut residents have something new to complain about or will they revel in a new low cost travel…

Health

connecticare kelsey

Health Insurers Seek Double-Digit Rate Increases

By: Kyle Constable ctmirror.org Connecticare actuary Kelsey, tries to lay out the numbers behind the company's proposed rate increases. Hartford: Two…
starling

Starling Roosts In New Nest East of The River

Glastonbury: A leading physician owned multispecialty medical practice Starling Physicians hasexpanded east of the river at 289 Western Boulevard.…

Health Insurers Seek Big Rate Hikes, Blame Obamacare’s Uncertain Future

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By Ana Radelat ctmirror.com Hartford: The state’s health insurers are asking for sizeable rate increases for individual and small-business policies…

Connecticut Health Plans Not Happy With Trump ACA Overhaul

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Insurers: Trump hasn’t committed to payments that would keep them in ACA exchanges By Ana Radelat ctmirror.com Washington: Despite reports to the…

St. Vincent's Hospital Says No Sale Imminent

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BRIDGEPORT: In meetings in late February [see report] hospital executives told employees that it was considering a potential sale or merger in the…

What The GOP Obamacare Replacement Bill Means For You And CT

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By, Arielle Levin Becker, ctmirror.com Members of Congress will begin moving forward today with efforts to pass the American Health Care Act, a…

Hartford Insurance Execs Looking For A Friend In Washington

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By Mitchell Young WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits…

CT Hospitals Launch TV Ad To Protest New Tax Proposal

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By: Keith M. Pahneuf, ctmirror.com Connecticut’s hospital industry launched a new television ad Thursday to protest Gov. Dannel P. Malloy’s proposal…

Hospitals Worry Medicaid, Obamacare Changes Could Bring Pain

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By, Arielle Levin Becker [This is a significantly edited version, the complete article can be found at ctmirror.com] With the potential for major…

Hospital Lights Up Cannabis Research

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HARTFORD: St. Francis Hospital and Medical Center’s medical marijuana research program has been approved by the state. The hospital say’s its…

Connecticut On Santa’s Good List For Once

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Connecticut companies may want to move down South to save on electricity and wage costs, but according to the 2016 report by the United Health…

To Err is Human, Unless It Is Happening to You

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State Measure Errors In Connecticut Hospitals HARTFORD: Good news from the Connecticut Department of Public Health, errors or what they call “adverse…

Technology

Crowdfunding & Cause-Related Marketing Seminar In Fairfield

Thursday, June 22, 2017 from 7:00 PM to 8:30 PM EDT Fairfield Library 1080 Old Post Rd. Fairfield Crowdfunding & Cause-Related Marketing "The New…
FUELCELL

Fuel Cell Picks Up Some Financial Energy

Danbury: FuelCell Energy Inc. [Nasdaq: FCEL] stock went on a world wind trip this week losing 10% of it value on a single day May 2. The stock closed…

Milford Fisheries Lab Invents “Man Overboard” Rescue Device

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Milford: Northeast Fisheries Science Center's Milford Laboratory has developed a “Man Overboard” rescue Device. The device is the invention of Robert…

CT Tech By The Numbers

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Fifty State Tech Reports Present Connecticut Data CONNTACT.com Compiled Comparisons With Our State Neighbors Below The state of Connecticut and many…

CONNECTICUT INNOVATORS: Stitching Together A Next Generation Product

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A Global Healthcare Giant Engineers and Builds New In Connecticut By Mitchell Young NORTH HAVEN: Leon Hirsch was hoping to get his entrepreneurial…

Tech Council Selects Top Women Innovators From 50 Leaders

AWARD RELEASE HARTFORD: Fifty women from across Connecticut were honored for their innovation and leadership during the thirteenth annual Connecticut…

Connecticut's Fastest Growing Tech Company - Reports Results

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STAMFORD: Revolution Lighting Technologies, Inc. [Nasdaq:RVLT] was recognized as Connecticut’s fastest growing technology company by the Connecticut…

Fast Growing Branford Software Innovator Acquired By Leading Global…

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Core Informatics CEO: Gabelle wants to "accelerate the digital lab." BRANFORD: Core Informatics one of Connecticut’s fastest growing technology…

CT Venture Arm Invested Broadly To End 2016

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ROCKY HILL: The fourth quarter of 2016 brought a great stash of new cash to 31 companies across Connecticut and beyond, from Ridgefield to Tolland.…

Fast Growing etouches – Hiring and Acquiring

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NORWALK: etouches is a global provider of cloud event management software and one of Connecticut’s fastest growing companies. Ranked 461 on…

Real Estate & Construction

Dublin Based Biotech Raises Funds and Expands CT Facility

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Old Saybrook: Iterum Therapeutics US Limited, of Dublin Ireland is expanding its expanding its space and commitment in Old Saybrook. The company has…

May: Condo Sales Boom and Single Family Sales Show Strong Growth

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Hartford: Connecticut real estate agents and homeowners selling their homes had a good month in May according to a report issued by the Connecticut…

CT AIA Business Architecture 2017 Awards

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Pirie Associates Architects, Denali, Old Saybrook and Trumbull New Haven [ Photographer: John Muggenborg ] New Haven: Each year The Connecticut…

Wooster Square Apartment Buildings Sold

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52 Warren Street, Wooster Square New Haven New Haven: Two four unit Wooster Square apartment buildings commanded a sales price of $920,000 [$115,000…

72-Unit Park Ridge Apartments Sold

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New Haven: Yet another mid sized apartment building was sold. Park Ridge Apartments located at 10 Hard Street sold. for $7.6 million ($105,556 per…

People’s Court Producer Relocates To Stamford Property

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Stamford: Ralph Edwards/Stu Billett Productions, the production company of the long-running reality television courtroom series The People’s Court,…

S/L/A/M Adds Project Managers

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Dittirich Neff Glastonbury: S/L/A/M Construction Services (SLAM CS) has hired Rod Neff, CHFM, and Chris Dittrich, CDT, as senior project managers.…

BOA Branch Sale Brings in $3.1 Million

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Windsor: A Bank of America, a 4,650 s/f net-leased property, was sold for $3.1 million. The branch is located at 1045 Kennedy Road and is surrounded…

Two Deals for Godin, New Industrial Park for Oxford

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Oxford: A 60 acre industrial park has been approved off on Towner Lane. Ed Godin Jr. SIOR of Godin Property Brokers represented all parties in the…

Essex Apartment Development Picking Up Steam

Essex Apartment Development Picking Up Steam Essex: Construction of Essex Station a 52-unit apartment development is being financed by an $8.6…

Government

Getting it Wrong On Alexion. We Have Met The Enemy, And It Is You

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By Mitchell Young Former Democratic Governor Ella Grasso famously made a home cooked meal for Miles Laboratories, [Bayer Pharmaceuticals] executives…

With Trump's Legal Pick Lieberman Is Likely Off FBI Job List

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By Ana Radelat ctmirror.com Trump Picks Lieberman Associate Kasowitz As Personal Lawyer In Russia Probe Washington – President Donald Trump’s…

Malloy and Unions Close to $1.6 Billion Dollar Deal - Extends Benefits…

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By KEITH M. PHANEUF ctmirror.com Hartford: Gov. Dannel P. Malloy and state employee unions stand on the cusp of a concessions deal worth close to…

Dems Say Yes To Pot Cash, Casinos, Big Cuts To Munis

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Democrats would slash municipal aid, allow casino, legalize pot By Keith M. Phaneuf ctmirror.com Hartford: House and Senate Democrats Tuesday…

Senate GOP Not Ready To Share CT Budget Fix With The Public

CTGOP
By Keith M. Phaneuf ctmiror.com Another question of public access arose Monday in the struggle to balance the next state budget. While Gov. Dannel P.…

Demcrats Divided On New Taxes - Speaker In, Governor Out, Majority Leader…

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Speaker Aresimowitz [L], won't rule out new taxes, including on the "wealthy", Majority Leader Ritter, new taxes haven't pulled in the anticipated…

FBI Director: I'd Rather Be In Connecticut

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Comey: No regrets over Clinton emails, but he’d rather have been on the CT shore By Ana Radelat ctmirror.com Comey: No regrets over Clinton emails,…

CT Non-Profits Targeted For Sales Tax

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Rep Jason Rojas, D-East Hartford: Taxing non-profits are an option. Finance panel eyes ending sales tax exemption for nonprofits By: Keith M Phaneuf…

prop wilcox aptsMIDDLETOWN: Hamilton Point Investments LLC announced the sale of Wilcox Apartments, an 81-unit apartment property in Middletown. The property was acquired by HPI Wilcox DST in a Delaware Statutory Trust 1031-syndicated acquisition, the sale price was $7,000,000. The investment provided the 1031-exchange investors with a 1.62x multiple on equity, including distributions, and a 14.01% net IRR over an approximately four-year hold period.