Gary Hofstetter knows new residential development isn't an easy task in today's economy, or a sure bet for that matter. But that's not stopping his Boston-based realty firm from moving forward on the second phase of an ambitious $30 million townhome and condominium development in Niantic.
Hartford conglomerate United Technologies Corp. likely will sell its fuel cell subsidiary UTC Power at a deep discount to emerging Oregon firm ClearEdge Power, industry analysts say.
Connecticut hospitals are warning of layoffs and reductions in programs and services as they face a one-two punch of budget cuts from the state and federal governments that could cost them billions of dollars in revenue over the next decade.
Residents and merchants, Loomis Chaffee students and town officials are all seeing a chance to reinvigorate, perhaps even reinvent, Windsor Center when commuter rail service begins later this decade.
New Boston Fund — once a major holder of Greater Hartford office space — has considerably shrunk its investments in Connecticut corporate office buildings as the firm shifts its focus to residential real estate and distressed office properties in the south.