Issue link: https://nebusinessmedia.uberflip.com/i/1546259
2 HARTFORDBUSINESS.COM | AUGUST 24, 2026 Biz Briefs Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Subscriptions Annual subscriptions are $150.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Tom Curtin | CEO, ext. 124, tcurtin@hartfordbusiness.com Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience, State Government Harriet Jones | Staff Writer, ext. 145 hjones@hartfordbusiness.com Beats: Manufacturing, Cannabis, Professional Services Clarissa Garza | Staff Writer cgarza@hartfordbusiness.com Beats: Fairfield County, Real Estate, Economic Development Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Sadie Bride | Senior Accounts Manager, ext. 141, sbride@hartfordbusiness.com Destiny Cyr | Operations & Administrative Specialist, ext. 138 dcyr@hartfordbusiness.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com Events Kathryn Pelletier | Director of Marketing and Events, ext. 136 kpelletier@hartfordbusiness.com State House Square in downtown Hartford. Photo | CoStar LAZ-led group acquires Hartford's Stilts Building A partnership led by Hart- ford-based LAZ Investments has acquired downtown Hartford's 23-story Stilts Building for $8.25 million, resolving a foreclosure case that had hung over the office tower since 2022. LAZ Investments, Greenwich Realty Partners and Montre- al-based Olymbec acquired the 420,000-square-foot building at 20 Church St. Wells Fargo filed for foreclo- sure against the previous owner, an affiliate of Shelbourne Global Solutions, alleging missed payments on a $31 million mortgage. The new owners plan targeted upgrades to amenities and tenant spaces aimed at boosting leasing. Occu- pancy at the end of June was 55%, records show. Mohegan plans $25M arena overhaul Casino operator Mohegan plans a $25 million renovation of its 10,000-seat Mohegan Sun Arena in Uncasville, with work expected to begin this winter after the Connecticut Sun completes its final WNBA season in the state. The multiphase project will include new seating, upgraded food and beverage offerings, new flooring and concourse lighting, and improvements to entrances and arrival areas. The Sun, which has played at the arena since 2003, was sold this year for $300 million and will relo- cate to Houston next season. Gartner repays $5.6M state job-growth loan Stamford-based research and advisory firm Gartner Inc. repaid $5.6 million to the state in April, closing out a 2019 economic development loan without seeking potential forgiveness tied to job-re- tention and hiring goals. Gartner borrowed $5 million to support an expansion of its Stam- ford headquarters and committed to retaining 1,385 full-time jobs and creating 300 positions in the state by February 2026. It could have qualified for forgiveness of up to the full $5 million principal if it exceeded certain hiring targets. Gartner did not apply for forgive- ness, according to the state Depart- ment of Economic and Community Development. The company didn't respond to requests for comment. New Haven's ConnCAT, ConnCORP announce leadership changes Erik Clemons is stepping down as CEO of New Haven work- force-training nonprofit ConnCAT to State awards $20M for downtown Hartford innovation center T he state is investing $20 million to establish a 100,000-square-foot artificial intelligence and workforce develop- ment center at State House Square in downtown Hartford. The Hartford Innovation Center will feature labs, classrooms and project spaces where workers, students, businesses and entre- preneurs can learn to use AI and other emerging technologies, with a particular focus on the insurance and healthcare sectors. The funding comes through the state's $100 million Innovation Clus- ters Program. Hartford HealthCare, The Hartford, Travelers, Nassau, Google and QuantumCT have also made multiyear financial commit- ments to the project. The Stilts Building at 20 Church St., in Hartford. Photo | CoStar The Mohegan Sun Arena. Contributed Photo Erik Clemons stands on the New Haven site where he is leading a $200 million mixed-use economic development project. HBJ Photo | Steve Laschever