Hartford Business Journal

04/23/2025

A proposal to construct a two-building, 96-unit apartment development on Fairfield’s Black Rock Turnpike was approved with conditions on Tuesday night.

A proposal to construct a two-building, 96-unit apartment development on Fairfield’s Black Rock Turnpike was approved with conditions on Tuesday night. The town’s Planning and Zoning Commission (P&Z) has allowed Fairfield developer Alfonso Cammarota, doing business as 4480 Black Rock LLC, to bui...

04/23/2025

A 71-unit Meriden apartment building has sold for $8.58 million to a company with offices in Great Neck, New York.

A 71-unit Meriden apartment building has sold for $8.58 million to a company with offices in Great Neck, New York. In a deed recorded by the city on April 7, Lev Apt LLC, of Lakewood, New Jersey, sold the 69,013-square-foot, four-story apartment building on 1 acre at 32 Cook Ave., to Star City Devel...

04/23/2025

Property and casualty insurer Travelers Cos. has released a report showing it gave $8.2 million in charitable and community donations in Connecticut in 2024, $6.8 million of that in Hartford.

Property and casualty insurer Travelers Cos. has released a report showing it gave $8.2 million in charitable and community donations in Connecticut in 2024, $6.8 million of that in Hartford. The 2024 report, “Stories That Connect Us,” highlights the company’s giving and volunteer efforts. The...

04/23/2025

New Britain-based advanced manufacturer Force Automation recently received an approval for a $3.5 million plan to build a new headquarters on a vacant lot in Bristol.

Lukasz Poplawski has accomplished a lot since he founded Force Automation Inc. in New Britain in 2017. Back then, his robotics manufacturing company — which takes robotic arms that are manufactured as generic parts, programs them to do what the end-user requests and then builds specific machines a...

04/23/2025

Connecticut Innovations, the state’s venture capital arm, has announced it invested approximately $7.4 million in 19 companies and venture funds during the third quarter of its fiscal year.

Connecticut Innovations, the state’s venture capital arm, has announced it invested approximately $7.4 million in 19 companies and venture funds during the third quarter of its fiscal year. CI says its investments leveraged $74.9 million in outside capital and generated $4.9 million in proceeds du...

04/23/2025

Hartford-based parking magnate LAZ Parking has acquired a majority interest in FleetLogix, a fleet management and staffing services provider headquartered in San Diego, California.

Hartford-based parking magnate LAZ Parking has acquired a majority interest in FleetLogix, a fleet management and staffing services provider headquartered in San Diego, California. The partnership “merges the capabilities of both companies” while providing FleetLogix with “the resources needed...

04/23/2025

The leaders of six higher education institutions in Connecticut are among more than 200 nationwide who have signed a letter protesting what they say represents “unprecedented government overreach and political interference” under President Donald Trump.

The leaders of six higher education institutions in Connecticut are among more than 200 nationwide who have signed a letter protesting what they say represents “unprecedented government overreach and political interference” under President Donald Trump. The letter was signed by the presidents of...

04/23/2025

Here's a listing of recent luxury home sales in Hartford and Middlesex counties. ⬇️

Here's a listing of recent luxury home sales in Hartford and Middlesex counties. The data is provided by Evan Berman of the William Raveis Broder Team.

04/23/2025

A New York-based outfit has acquired The Shoppes at Buckland Hills mall in Manchester, which has been shedding tenants and in foreclosure since 2021.

A New York-based outfit has acquired The Shoppes at Buckland Hills mall in Manchester, which has been shedding tenants and in foreclosure since 2021. Namdar Realty Group bought the sprawling 1.3-million-square-foot indoor shopping center for $25.8 million, according to a land record recorded by the....

04/23/2025

Nominations for our annual C-Suite Awards are open!

As the business landscape continues to evolve rapidly, it is more important than ever to spotlight the leaders who are driving innovation, excellence, and success within their organizations and communities.

Submit a nomination today: https://ow.ly/W4VE50VsHfL

Thank you to our Major Sponsors: CLA and JPMorganChase

04/23/2025

Farmington elevator and escalator manufacturer Otis Worldwide Corp. said Wednesday that its first quarter profits fell 31%, driven largely by a drop-off in new orders from China.

https://ow.ly/m44250VGnc6

Farmington elevator and escalator manufacturer Otis Worldwide Corp. said Wednesday that its first quarter profits fell 31%, driven largely by a drop-off in new orders from China. Otis said its first-quarter profits totaled $243 million, or 61 cents per share, down from $353 million, or 86 cents per....

04/23/2025

With Connecticut farmers facing millions of dollars in cuts to federal programs, the state legislature is considering ways to ease their pain.

With Connecticut farmers facing millions of dollars in cuts to federal programs, the state legislature is considering ways to ease their pain. During a meeting of the legislature’s Finance, Revenue and Bonding Committee on Tuesday, the committee considered two bills that would provide credits or e...

04/23/2025

Chelsea Groton Bank is here for it! From the day you open your doors to the day you pass it on, and every day in-between. Let’s grow your business, together.

Sponsored Content: In today’s unpredictable economic climate, it’s more important than ever for business owners to be prepared for market uncertainty. Over the past five years, businesses have faced significant obstacles, including supply chain disruptions, economic uncertainty, digital transfor...

04/23/2025

A three-building office complex in Berlin has sold for $2.375 million, and the buyer may consider adding a multifamily building on excess land within the property, according to a broker familiar with the deal.

A three-building office complex in Berlin has sold for $2.375 million, and the buyer may consider adding a multifamily building on excess land within the property, according to a broker familiar with the deal. The office complex at 1224 Mill St., which contains a combined 35,270 square feet of space...

04/23/2025

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.

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,...

04/23/2025

“We’ve got over 5,000 farms in the state of Connecticut, 370,000 acres of land being worked, 30,000-plus employees that all generate $4 billion to the state’s economy,” said Bryan Hurlburt, the state commissioner of agriculture.

The rows of hanging flower baskets stretched towards the back of an automated Kurtz Farms greenhouse in Cheshire that seemed to have no end. Beneath them sat colorful flats of impatiens, pansies, petunias and marigolds. Watering booms pass over the flats, Bluetooth sensors directing how long a drink...

04/23/2025

Demand on New England’s power grid fell to an all-time low on Sunday afternoon as sunny skies and mild temperatures zapped residents’ need for electricity.

Demand on New England’s power grid fell to an all-time low on Sunday afternoon as sunny skies and mild temperatures zapped residents’ need for electricity. According to preliminary data from the region’s grid operator, ISO New England, power system demand across the six-state region fell to 5,...

04/23/2025

The legislature’s Appropriations Committee adopted a $55.7 billion two-year budget Tuesday evening that invests in K-12 schools, higher education, child care and other social services — but would require Connecticut to legally exceed its spending cap for the first time since 2007 and reform another key savings program.

The legislature’s Appropriations Committee adopted a $55.7 billion two-year budget Tuesday evening that invests in K-12 schools, higher education, child care and other social services — but would require Connecticut to legally exceed its spending cap for the first time since 2007 and reform anot...