Landlord Griffin Industrial Realty Inc. has refinanced a $10 million mortgage, using one of the warehouse-distribution buildings in its New England Tradeport as collateral.
Bristol's 78-unit Brookside Apartments recently sold for $7 million, or $89,743 per unit, to an active New York landlord that has acquired other area multi-family properties lately, brokers say.
United Financial Bancorp Inc. and its flagship, United Bank, had a few other options, bank officials say, for relocating away from its cramped Glastonbury office quarters, aside from choosing downtown Hartford.
Bank of America's market share lead in Connecticut has narrowed over the past year, despite the Charlotte-based lender increasing its deposit base in the state by nearly 1 percent.
United Bank CEO William Crawford IV told stockholders Thursday that the bank is doing well in comparison to its peers, but added it must continue to control costs in a “difficult” economic environment.
Glastonbury community lender United Financial Bancorp Inc. posted lower fourth-quarter net profit, partly the result of launching into the marine-financing market and buying packages of loans.