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www.HartfordBusiness.com January 5, 2015 • Hartford Business Journal 7 what'S ahead: ■ 1/12 Focus: Legislative preview ■ The List: Largest Lobbying Firms ■ Nonprofit Profile: Ct association of nonprofits CaLendar Tuesday, Jan. 13 Rising Star Breakfast feat. Hartford Mayor Segarra Hartford Mayor Pedro Segarra will keynote the MetroHartford Alliance's first Rising Star Breakfast of 2015 on January 13. The event will run from 7:30 a.m. to 9 a.m. at Infinity Music Hall, 32 Front Street, Hartford. Segarra, who is up for re-election in 2015, will provide an update on the city's development efforts. Cost to attend is $20 for Alliance members; $40 for nonmembers. For more information or to register go to: http://events.metrohartford.com/ sbaweb/events. F o r a c o m p l e t e l i s t o F G r e a t e r H a r t F o r d b u s i n e s s e v e n t s , G o t o w w w . H a r t F o r d b u s i n e s s . c o m a n d c l i c k o n ' t H e a G e n d a . ' a l l c a l e n d a r i t e m s m u s t b e s u b m i t t e d e l e c t r o n i c a l l y v i a o u r w e b s i t e , H a r t F o r d b u s i n e s s . c o m . eduCation Defunct education lender draws down portfolio balance A defunct lender's student loan portfolio continues to grow smaller, according to a new state audit. The Connecticut Student Loan Foundation, a nonprofit created by the state in the 1960s, had a loan portfolio of $427.8 million as of September 2013, down nearly 14 percent from $495.8 million a year prior and from $758 million in 2008. CSLF has not made new loans since 2009, and has been run by a skeleton board of directors consisting of just three ex-officio members. It assigned its servicing and guarantor activities to private entities in 2010. A state law passed this summer rolled CSLF into the Connecti- cut Health and Educational Facilities Authority. CSLF ran into financial trouble in 2009, when it disclosed its pension fund was underfunded. An audit released that year uncovered more than $25,000 in unnecessary or unreasonable expenses, including golf member- ships and limousine service. Former Gov. M. Jodi Rell replaced her board appointees, but much of the board soon resigned over legal liability concerns. teChnoLogy T-Mobile to pay CT $241K in nationwide data cramming case Cell phone network operator T-Mobile USA has agreed to pay Connecticut $241,000 to resolve allegations that it improperly billed consumers in the state for premium services without their consent. T-Mobile will pay $90 million to all 50 states and Washington, D.C. to settle the "data cramming" allegations by the states, Federal Trade Commission and Federal Communications Commission. Much of the total settlement, $72 million, will be used for con- sumer refunds, while state governments will keep $18 million. AT&T resolved similar allegations in October with a $105 mil- lion payment, of which Connecticut received $268,000. reaL eState Hamden's Sutton Towers draw $23.4M sale Hamden's Sutton Towers Condominiums recently changed hands for $23.4 million, brokers say. Sutton Views LLC bought the grounds, common areas and 199 rental units of the 228-unit luxury complex at 720-760 Mix Ave. from Sutton Mix Avenue LLC, accord- ing to Hartford investment-sales broker Chozick Realty Inc. Chozick arranged the sale and brought the buyer to the table. The three-building complex was built in two phases in 1969 and 2006. The original building is a 98-unit, six-story steel and masonry structure. In 2006, another 130 units were added in two, four-story buildings. The complex was subsequently converted to condo- minium ownership. Twenty-nine units were sold to third-party owners at that time, while the remaining 199 units were kept as rentals. Mayor Pedro Segarra Sutton Towers Condominiums in Hamden p H o t o | c o n t r i b u t e d 100 Capital Blvd. Rocky Hill, CT 06067 860.257.6000 sheratonhartfordsouth.com