Matt Pilon

INDUS Realty Trust said it has agreed to sell its Connecticut Nursery Farm property, which straddles the East Granby-Granby border, for $10.3 million. INDUS did not name the buyer. However, California-based Monrovia Nursery Co. acquired INDUS’ former nursery unit in 2014 and has a long-term lease for the Granby land. That lease is in effect until the end of 2023, and contains a purchase option. Monrovia did not respond to a request for comment Tuesday morning.

A crowdfunded renewable energy startup launched by one of the original founders of Middletown-based Greenskies Renewable Energy has expanded its focus stateside. Energea launched last year in Old Saybrook. It is led by Michael Silvestrini, who along with his partners sold Greenskies -- one of the l…

Retail property investor-operator Charter Realty & Development has long coveted West Hartford’s Blue Back Square as a potential crown jewel for its Connecticut portfolio, and now the Greenwich-based firm’s patience has paid off.

Property investment giants Starwood Capital Group and Blackstone Real Estate Partners have closed on their joint purchase of the Extended Stay America hotel chain for approximately $6 billion. The deal includes 560 Extended Stay America-flagged hotels totaling 62,257 rooms across 40 states. Three…

Connecticut’s seventh largest credit union says its longtime leader has officially marked his calendar for retirement, but his departure is still a ways off. Dutch Point Credit Union, based in Wethersfield, announced recently that its president and CEO Francis R.N. Proto, who has been with Dutch Point for nearly 30 years, will retire effective Jan. 2023. He will be succeeded by J. Charlyn Tanner, who is currently Dutch Point’s executive vice president and chief financial officer, who has worked…

Following a recent approval from Connecticut’s insurance commissioner, a San Francisco-based global investment firm said it has completed its $1.75 billion purchase of Windsor life insurer The Talcott Resolution. Sixth Street, which invests in the insurance sector through its nearly $25 billion TAO…

Hartford Mayor Luke Bronin is again pushing for changes to a decades-old local ordinance requiring department heads be city residents. The rules have cost the city a few hires in recent years, and Bronin says they’ve at times made it difficult to find qualified candidates for open positions. Sean…

The overseer of the XL Center is hoping Connecticut’s new sports betting law could spur a major investment that’s been otherwise hard to secure for the aging arena in the heart of downtown Hartford.

The 10 health insurers planning to offer group and individual health plans in Connecticut in 2022 are asking for bigger increases than they did a year ago. The annual crop of rate filings for traditional fully insured plans, which cover 222,700 people in the state, contained an average requested in…

The owner of Adaptive Prosthetics & Orthotics has purchased a Glastonbury office property for $1 million. According to land records, an LLC controlled by David and Lisa Hewett bought 90 National Dr. on July 9. The nearly 21,000-square-foot building sits on five acres and was built in 1973. Adaptiv…