Hartford Business Journal

01/11/2025

Calling all powerful women in business in Connecticut!�

Submit your nomination for a phenomenal female leader before time runs out!
Nominations for our 2025 Women in Business Awards close on January 17th �

To nominate click here: https://ow.ly/E9qL50TTNba

01/11/2025

https://www.hartfordbusiness.com/article/large-crowds-expected-for-volleyball-hockey-events-in-hartford-this-weekend

Large crowds are expected in and around downtown Hartford this weekend for major events at the XL Center and Connecticut Convention Center. On Saturday, the city will celebrate its 50th anniversary of professional hockey with a series of events honoring the legacy of the Hartford Whalers, including....

01/11/2025

https://www.hartfordbusiness.com/article/rival-healthcare-systems-antitrust-lawsuit-against-hartford-healthcare-reaches-settlement

An antitrust lawsuit against Hartford HealthCare Corp., which accused the state’s second-largest healthcare system of forming a monopoly to suppress competition and “maintain dominance” in Hartford County, has settled. Hartford-based St. Francis Hospital and Medical Center, part of Trinity Hea...

01/11/2025

https://www.hartfordbusiness.com/article/hartfords-largest-landlord-partner-borrow-272m-to-pay-back-taxes-finish-renovation-of-18

The owners of the 18-story Millennium apartment building in Hartford recently made good on nearly $2 million in back taxes, thanks in part to a $27.2 million mortgage secured on the property in December. A joint venture of Waterbury-based Axela Group and downtown Hartford landlord Shelbourne Global....

01/11/2025

https://www.hartfordbusiness.com/article/torrington-industrial-property-sells-twice-in-dec-for-27m-then-46m

A 53,000-square-foot Torrington industrial building hosting promotional materials manufacturer Stratis Visuals sold for $2.7 million in a deed recorded by the city Dec. 17. The property sold for a second time on the same day for $4.6 million. Riberdy Realty Acquisitions LLC sold the 36-year-old, two...

01/11/2025

https://www.hartfordbusiness.com/article/uconn-nil-collective-bleeding-blue-for-good-to-shut-down

The University of Connecticut’s nonprofit name, image and likeness (NIL) collective Bleeding Blue for Good recently announced plans to shut down. In a Dec. 31 post on X (formerly Twitter), Jared Guy Thomas, Bleeding Blue’s executive director, said the collective would stop accepting donations at...

01/10/2025

Former LAZ Parking HQ in downtown Hartford now eyed for hotel conversion

More than a year ago, the Capital Region Development Authority approved a $7 million loan to help turn 53,531-square-foot former Laz Parking headquarters in downtown Hartford into 78 apartments. Now, LAZ CEO Alan Lazowski and partners are pursuing an earlier redevelopment vision, that of a boutique....

01/10/2025

The president of St. Mary’s Hospital in Waterbury is leaving.

The president of St. Mary’s Hospital in Waterbury is leaving. Montez Carter, president and CEO of St. Mary’s owner — Trinity Health Of New England — notified staff in an internal email on Jan. 8 “of the upcoming departure” of Kim Kalajainen, St. Mary’s president. In announcing the lead...

01/10/2025

The Hartford Foundation for Public Giving has announced a new $2.9 million investment that will provide an additional $100,000 allocation to the Community Funds program in each of the 29 towns and cities it serves.

The Hartford Foundation for Public Giving has announced a new $2.9 million investment that will provide an additional $100,000 allocation to the Community Funds program in each of the 29 towns and cities it serves. The foundation has established separate funds for each municipality within its region...

01/10/2025

These new Connecticut businesses launched this month, from Jan. 3 to Jan. 10. ⬇️

These new Connecticut businesses launched this month, from Jan. 3 to Jan. 10. The business starts data is compiled by the Secretary of the State's office.

01/10/2025

Shareholders of Bristol-based Barnes Group have approved the company’s sale to Apollo Global Management, a private equity fund.

Shareholders of Bristol-based Barnes Group have approved the company’s sale to Apollo Global Management, a private equity fund. The sale of the storied Connecticut manufacturer was first announced in early October. The $3.6 billion deal came about as the result of a portfolio shakeup initiated by ...

01/10/2025

Calling all family businesses...nominations are open! 📣

For years, we've been celebrating the exceptional contributions and achievements of family owned businesses - the backbone of our economy. Now, the time has come again to recognize the hard work, commitment, and excellence of these Connecticut based companies!

Presented by: Berkshire Bank

https://ow.ly/fBwt50UmLsV

01/10/2025

A New Haven-based biotech company, Nema Health, announced a $14.5 million Series A funding round that will expand its online trauma therapy program to three new states: California, Florida and Pennsylvania.

A New Haven-based biotech company, Nema Health, announced a $14.5 million Series A funding round that will expand its online trauma therapy program to three new states: California, Florida and Pennsylvania. The investment, led by Deerfield Management and CVS Health Ventures, allows Nema to “expand...

01/10/2025

A co-chairman of the state General Assembly’s Public Health Committee raised concerns Thursday about a partnership between Trinity Health Of New England and a California-based medical group, saying it could adversely affect the quality of care in the health systems’ hospitals here.

A co-chairman of the state General Assembly’s Public Health Committee raised concerns Thursday about a partnership between Trinity Health Of New England (THONE) and a California-based medical group, saying it could adversely affect the quality of care in the health systems’ hospitals here.

01/10/2025

Attorney General William Tong announced on Friday a $5 million preliminary settlement with Stone Academy and its owners, which would resolve claims that the private, for-profit nursing school deprived students of their rights to academic credits and degrees when it abruptly closed in February 2023.

Attorney General William Tong announced on Friday a $5 million preliminary settlement with Stone Academy and its owners, which would resolve claims that the private, for-profit nursing school deprived students of their rights to academic credits and degrees when it abruptly closed in February 2023.....

01/10/2025

West Hartford-based jewelry store chain Lux Bond & Green aims to open a new store in the seaside village of Mystic in early 2026 following its recent $2.95 million purchase of a downtown property.

West Hartford-based jewelry store chain Lux Bond & Green aims to open a new store in the seaside village of Mystic in early 2026 following its recent $2.95 million purchase of a downtown property. In a sale recorded Nov. 27, a limited liability company affiliated with Lux Bond & Green bought two att...

01/10/2025

Macy’s stores in Connecticut will survive the latest round of store closures by the department store giant.

Macy’s stores in Connecticut will survive the latest round of store closures by the department store giant. The New York-based retailer this week disclosed it will close 66 locations in 22 states during the first quarter of this year. None of the locations will be in Connecticut. Nearby, Macy’s ...

01/10/2025

General Dynamics Electric Boat recently paid $5.5 million for a nearly 55-acre property in North Stonington, where the Groton-based submarine builder plans to construct a roughly 480,000-square-foot warehouse.

General Dynamics Electric Boat recently paid $5.5 million for a nearly 55-acre property in North Stonington, where the Groton-based submarine builder plans to construct a roughly 480,000-square-foot warehouse. The property at 45 Frontage Road, right off Interstate 95, currently hosts a 40-year-old,....