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6 HARTFORDBUSINESS.COM | MAY 5, 2025 BIZ BRIE FS Saint Francis Hospital Provides Award-Winning Care Saint Francis Hospital, a member of Trinity Health Of New England, continues to provide award-winning, state-of-the-art, best-of-the-best care with the ultimate convenience and value close to home. Saint Francis has been named to Newsweek's list of World's Best Hospitals, a recognition for consistent excellence, distinguished physicians, top-notch nursing care, and state-of-the-art technology. Saint Francis Hospital has been named by U.S. News & World Report as a 2024-2025 Best Hospital, marking the 12th consecutive year Saint Francis has earned a spot. Saint Francis received Get With The Guidelines ® Gold Plus Awards for Stroke and Heart Failure demonstrating commitment to following up-to-date, research-based guidelines for the treatment of heart failure and stroke. JOINT REPLACEMENT ORTHOPEDIC SURGERY City Place I tower, at 185 Asylum St., in downtown Hartford. Nassau Financial Group is headquartered in Hartford's Boat Building, 1 American Row. CT's tallest skyscraper 46.19% occupied amid struggling office market Connecticut's tallest skyscraper, the 38-story City Place I office tower in downtown Hartford, is 46.19% occu- pied, according to a recent report by its court-ordered receiver. A Hartford Superior Court judge placed the 537-foot-tall, 884,669-square-foot skyscraper under the control of receiver Lewis Taulbee, of Jones Lang LaSalle Americas Inc., on Feb. 10, acting on a petition by debtholders. Taulbee's report to the court for the quarter ending March 31, illustrates the depth of the vacancy challenge at the building. Fourteen floors are entirely available for new tenants and portions of 12 more are open, according to the report. City Place I is New England's tallest skyscraper outside of Boston. Its high vacancy rate is reflective of a down- town Hartford office landscape partic- ularly hard-hit by post-pandemic shifts in working patterns and a dramatic decline in demand for office space. State lawmakers approve Transfer Act replacement, expected to yield billions in economic activity State officials celebrated the final adoption of new rules governing envi- ronmental 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 Regula- tions Review Committee, on April 22, approved regulations outlining a new released-based approach to environmental cleanup. In a nutshell, the new system relies on pollution releases being cleaned as they happen or are discovered. Conversely, under the 40-year-old Transfer Act, properties that hosted more than 100 kilograms of hazardous waste in any one month from Nov. 19, 1980 onward — even ones where there was never any known discharge or spill — have to undergo costly environmental testing and review before a sale can be completed. The new regulations are expected to take effect in spring 2026. State economists estimate the new system will unlock $3.78 billion in new GDP growth in the next five years, bringing $115 million in new revenue to the state and more than 2,100 new construction jobs. Branford biopharma Azitra Inc. gains $20M in partnership deal with Alumni Capital Azitra Inc., a Branford-based biopharmaceutical firm, said it has entered into a share purchase agree- ment with New York-based institu- tional investor Alumni Capital LP that it expects will raise $20 million. Azitra said the funding will allow it to advance its pipeline of genetically engineered bacteria for therapeutic use in dermatology. Nassau Financial Group commits $10M to support tech startups in CT, NY Hartford-based financial services company Nassau Financial Group has allocated $10 million in capital to support early- and mid-stage startups in the insurtech, fintech and retiretech sectors in Connecticut and New York. The initiative is an expansion of the company's Reimagine program, an insurtech incubator and accelerator that has provided resources to more than 100 startups since it was estab- lished in 2019. Nassau, headquartered in Hartford's iconic Boat Building, had $24.8 billion in assets under management and 370,000 policyholders and contract holders as of Dec. 31, 2024. PHOTO | COSTAR HBJ PHOTO