Savings Institute Bank & Trust earns 5-star rating
Savings Institute Bank & Trust was recognized for the 15th consecutive quarter as a superior 5-star rated bank by BauerFinancial, Inc., a national bank rating and research firm. Bauer Financial's rating system is based upon an analysis of current financial data as supplied by federal banking regulators, with the 5-star rating indicating the bank's solid capital position, profitability, sound asset quality, and balance sheet strength.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.