Hartford Business Journal

Hartford Business Journal focuses on bringing valuable business insights to our community. As a BUSINESS INFORMATION COMPANY, we foster an engaged audience and provide crucial intelligence to help businesses thrive. We collaborate with companies to enhance their brand visibility and create thought leadership opportunities. Our services reach OUR AUDIENCE through PRINT, ONLINE platforms, and IN-PERSON events. We are a reliable partner for establishing meaningful business connections.

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Despite higher construction costs, interest rates, CT saw spike in multifamily development in 2024; tariffs offer latest risk

3 days ago | hartfordbusiness.com | Michael Puffer

Focus | Construction & Design Developer RMS Cos. last March cut the ribbon on its conversion of the top half of the 22-story former Hartford Hilton Hotel into 147 apartments. The Stamford-based developer in 2024 also completed a 228-unit downtown Stamford apartment building, and a 112-unit multifamily property in New Haven. This year, RMS has several apartment projects in the works, including a 237-unit development in Hartford and a 204-unit building in downtown Norwalk.
Data analytics firm SponsorUnited, one of CT’s fastest-growing private companies, provides transparency on sports sponsorship deals

3 days ago | hartfordbusiness.com | Michael Juliano

Stamford native Bob Lynch has created transparency within the sports and entertainment sponsorship industry, having slowly pulled back the curtain on the multibillion-dollar sector with data analytics hub SponsorUnited. In 2016, the marketing veteran saw a need for easier access to information on sponsors and sports teams, after heading up sponsorship efforts for the Miami Dolphins and Brooklyn Nets.
Capitol Region Education Council pays $2.1M for Hartford flex building

3 days ago | hartfordbusiness.com | Michael Puffer

The Capitol Region Education Council recently paid $2.1 million for a roughly 52,000-square-foot office and warehouse building converted to educational use. CREC acquired the 1968-vintage, masonry-sided building on 3.2 acres at 245 Locust St., according to a deed recorded by the city on April 15. The seller was 245 Locust Street LLC, which is controlled by George De Pasquale, of Niantic, according to state business records.
Fairfield County’s ‘overbuilt’ office market may shed 3.5M sq. ft. of space over next few years. Here’s why.

3 days ago | hartfordbusiness.com | Michael Juliano

Fairfield County has a higher return-to-office ratio than the national average More Information Cities and regions across the U.S. saw their office vacancy rates spike during and after the pandemic, as more companies embraced hybrid remote-work arrangements that lessened their need for space.
Hartford’s popular Parkville Market adds events space; more attractions coming soon

3 days ago | hartfordbusiness.com | Michael Puffer

Focus | Construction & Design After nearly $1 million in renovations over the past year, a new events space adjacent to Hartford’s Parkville Market opened its doors in late March. The roughly 12,000-square-foot space was created on the lower level of a warehouse-style building, at 1390-1400 Park St., immediately next door to the market.
Bordonaro: Regulatory reform must be a priority for CT Democrats

3 days ago | hartfordbusiness.com | Greg Bordonaro

During a news conference earlier this month at a union headquarters in New Haven, Gov. Ned Lamont urged state lawmakers to support a bill that creates new regulations on the state’s warehouse industry. The Democratic governor’s proposal, which has already passed out of the Labor and Public Employees Committee, sets rules around workplace production quotas to ensure, according to Lamont, that workers know how their performance is measured.
Hartford mayor fills newly created role of marketing head for city

3 days ago | hartfordbusiness.com | Michael Puffer

Hartford Mayor Arunan Arulampalam, on Monday, announced he has filled the newly created position of marketing director for the city. Shannon Frost, who started Monday, spent the past three years and six months as an assistant director with the economic development arm of Buda, Texas, a suburb of Austin with a population of about 16,000.
3.2M-sq.-ft. Amazon facility to start construction at Waterbury-Naugatuck site after $2.5M land sale

3 days ago | hartfordbusiness.com | Michael Puffer

A Pennsylvania-based development group has purchased 157 acres from the city of Waterbury for $2.5 million, setting the stage for construction of a roughly 3.2 million-square-foot logistics center. Waterbury and Naugatuck officials, on Monday, confirmed the sale of the site – which stretches over the city’s southern border and into Naugatuck – to Bluewater Property Group. “They want to start site work immediately,” Waterbury Mayor Paul Pernerewski said.
State lawmakers approve Transfer Act replacement, expected to yield billions in economic activity

3 days ago | hartfordbusiness.com | Michael Puffer

State officials on Tuesday celebrated the final adoption of new rules governing environmental cleanups at Connecticut’s industrial and commercial sites, with the change expected to yield billions in economic activity and thousands of new jobs. The General Assembly’s Regulations Review Committee, on Tuesday, approved regulations outlining a new released-based approach to environmental cleanup. “This is a game changer for Connecticut,” Gov. Ned Lamont said.
Developer proposes adding 17 units to historic 36-unit Victorian-style apartment complex in Norwalk

3 days ago | hartfordbusiness.com | Michael Juliano

A developer seeks to add 17 apartments to a historic Victorian-style, four-building apartment complex in Norwalk that already houses 36 units, according to an application filed with the city. Norwalk’s Workforce Partners LLC, doing business as 204 Flax Hill LLC, plans to raze a 2,700-square-foot building, at 204 Flax Hill Road, with four apartment units and replace it with a 19,380-square-foot building that will have 21 units.