Commercial Record E-News


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Aetna Raises $500 Million For Debt Repayment
Monday, September 15, 2008 (141 reads)

Hartford health and group life insurer Aetna has completed a $500 million public offering of 10-year bonds.

Northland Chosen To Redevelop New Haven Coliseum Site
Friday, September 12, 2008 (291 reads)

The city of New Haven has chosen Massachusetts-based Northland Investment Corp. to redevelop the 4.5-acre site of the former New Haven Coliseum.

Ann Taylor Goes Up A Size In Milford
Friday, September 12, 2008 (208 reads)

Upscale clothier Ann Taylor has roughly doubled its corporate office space in Milford, subleasing an additional 15,170 square feet at 476 Wheelers Farms Road.

Two John Hancock Offices Declare Independence
Friday, September 12, 2008 (162 reads)

The Rocky Hill office of John Hancock Financial Network has merged with a Rhode Island sister office to form a new entity called Independence Financial Partners.

Patriot Capital Realizes $13.9 Million Windfall
Friday, September 12, 2008 (166 reads)

Westport financier Patriot Capital Funding has realized a $13.9 million gain after the full repayment of certain debt and equity loans.

U.S. Retail Sales Fall, Wholesale Prices Soften
Friday, September 12, 2008 (147 reads)

Sales at U.S. retailers fell for a second month in a row during August, the Commerce Department reported Friday in the latest sign that consumer spending is weakening.

Historic Market Fetches Rite Price
Thursday, September 11, 2008 (298 reads)

The 4-acre Montowese Market Square in North Haven has been sold to developers of a Rite Aid pharmacy for $2.3 million.

Griffin Furnishes Manchester Warehouse Lease
Thursday, September 11, 2008 (323 reads)

Bloomfield-based Griffin Land has signed an agreement with an affiliate of furniture retailers Raymour and Flanigan to lease the company’s 308,000-square-foot warehouse in Manchester.

The Long And Short Of Conn.’s Pension Fund
Thursday, September 11, 2008 (312 reads)

Short-term losses in the three funds that comprise the bulk of Connecticut’s pension fund were both expected and less severe than losses at peer funds, while long-term performance has shone, according to State Treasurer Denise Nappier.

Gagnon Signs On At Colliers Dow & Condon
Thursday, September 11, 2008 (300 reads)

Broker Philip L. Gagnon has joined the Hartford commercial real estate office of Colliers Dow & Condon.