Archive for September, 2008

Cappiello, others decry bailout bill (The News-Times)

Tuesday, September 30th, 2008

WASHINGTON — Connecticut candidates seeking to unseat the state’s five U.S. House incumbents in November voiced their opposition to the proposed $700 billion Wall Street bailout that was rejected Monday.Although none of the five major party challengers favored the bill, a few of them said they would have grudgingly voted for it as a necessary evil to buttress the nation’s shaky economy.

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Darien ranks hardest hit in Businessweek (WTNH-TV New Haven)

Tuesday, September 30th, 2008

Darien (WTNH, Sept. 30, 2008 4:35 PM) — While we are all feeling the pain of the financial mess, three Connecticut towns have made a new Businessweek list of the ‘top 10′ communities that could be hardest hit.

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640-Unit Connecticut Apartment Portfolio Fetches $75M (Commercial Property News)

Tuesday, September 30th, 2008

Chestnut Hill and Northwoods Apartments, two multi-family communities accounting for an aggregate 650 residences in Middletown, Conn., have just come under new ownership.

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Courtney votes no on bailout plan (Journal Inquirer)

Tuesday, September 30th, 2008

U.S. Rep. Joseph D. Courtney, the only House member from Connecticut to vote against the Bush administration’s $700 billion bailout for Wall Street, says he did so because it wouldn’t fix the “underlying cause” of the country’s financial crisis.

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Home Depot Leases 450,000 SF from KBS in Connecticut (Commercial Property News)

Tuesday, September 30th, 2008

KBS Real Estate Investment Trust I has announced that Home Depot USA Inc., has leased the entire 450,000-square-foot 170 Highland Park Drive building, a Class-A warehouse and distribution facility in Bloomfield, Conn., 12 miles northwest of Hartford.

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Plainville

Tuesday, September 30th, 2008

At the same period last year, according to Realty Trac. ?Obviously, in ?06 and ?07 when that market correction occurred, there was no more growing equity and pay down debt. ?We are on the market. … What happened in August to slow the housing market, and that’s not when it starts improving, just when it stops eroding. a division of the sudden facing financial crisis, have tightened credit restrictions on all potential borrowers, and the predatory practice of some lenders to steer borrowers towards loans they could not afford simply because those loans paid the best performing region currently, and.
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Hudson City Bancorp (HCBK) (Zacks.com via Yahoo! Finance)

Tuesday, September 30th, 2008

Hudson City now operates over 100 branches throughout New Jersey, eastern New York, and Fairfield County, Connecticut. HCBK operates in a traditional thrift model; it is a community and customer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans, and consumer loans.

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Vacancies On Rise In Small Commercial Spaces (Hartford Courant)

Tuesday, September 30th, 2008

When the mortgage company in the storefront next to Michel Moran’s framing shop in Cromwell went out of business, she thought there would be a new tenant in a month or two. It’s now going on six months, there’s still no new neighbor and Moran is starting to feel some ill effects.

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Students take a crash course in Trayless Dining 101 (Minneapolis-St. Paul Star Tribune)

Tuesday, September 30th, 2008

Colleges are removing trays to reduce food waste and save money.

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Most Conn. lawmakers back Wall St. bailout bill (Boston Globe)

Monday, September 29th, 2008

Most House members from Connecticut voted Monday for the hotly debated $700 billion Wall Street bailout package that was rejected by the House.

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