Hartford Business Journal

www.HartfordBusiness.com June 1, 2015 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 6/8 Focus: Law ■ The List: Largest employment law firms ■ Nonprofit Profile: Knights of Columbus CALENDAR FRIDAY, JUNE 19 Energy and Environment Conference The Connecticut Business & Industry Association will host its annual energy and environment conference June 19 at the Coco Key Water Resort and Convention Center, 3580 E. Main St., Waterbury. The event, which runs from 8 a.m. to 4 p.m., will include several breakout sessions on topics ranging from environmental regulations and permitting to distributed renewable power and natural gas access. The keynote address will be given by Curt Spalding, regional administrator for the Environmental Protection Agency. Cost to attend ranges from $95 to $150. For more information or to register go to: http://www.eventbrite.com/e/cbias-2015-energy- environment-conference-registration-15830390123. 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 . BANKING & FINANCE Prudential acquires Glastonbury retirement comm. as part of $110M deal The real estate investment division of Prudential Financial said it has acquired a 135-unit assisted-living and memory care com- munity in Glastonbury. The purchase of The Hearth, which opened last year, is part of a $110 million, three-property deal between buyer Prudential Real Es- tate Investors and seller Hearth Premier Senior Living & Memory Care. Prudential also acquired Hearth communities in Hendersonville and Franklin, Tenn. The three communities have 391 units among them. Hearth, which owned the three properties through a joint ven- ture, will continue to manage the properties, Prudential said. Hearth lists a total of 15 retirement communities on its website, including facilities in New York and Indiana. It has communities in Branford, Madison, and Southbury. The acquisition is the first for Prudential's newly launched fund, Senior Housing Partners V, which had raised $629 million as of May 5. United's new hometown branch opens United Bank has opened its third branch on its Glastonbury home turf, at 2670 Main St. Tony Sweet was recruited away as manager of rival First Niag- ara's Glastonbury satellite to oversee United's 2,200 square-foot branch at the corner of Main and New London Turnpike, across from Katz Hardware. United's other two Glastonbury locations are 1009 Hebron Ave. and 902 Main St. Its headquarters is at 45 Glastonbury Blvd., with other offices, including a training center and back-office support, at 95 Glaston- bury Blvd. The bank now has 52 branches. The Hearth At Glastonbury offers 135 independent and assisted-care units to seniors. REAL ESTATE Realtors: April home sales up, prices down Single-family home sales across Connecticut increased 6.8 percent in April, according to Connecticut Realtors. There were 2,260 homes sold during the month, up from 2,116 in April 2014, Realtors said. The median sales price fell nearly 5 percent, from $249,700 to $237,900. Meanwhile, sales of townhomes and condos fell 8.1 percent over the year, with 565 units sold. The median price was essen- tially flat at $159,900. Home permits slip in April Connecticut new-housing construction slid in April from a month earlier, a fresh tally shows. There were 334 permits issued in 104 communities last month to build single- and multi-family housing, down from 474 issued in March, the state Department of Economic and Community De- velopment said, citing Census Bureau housing survey data. Through the first four months of this year, 1,179 permits have been issued, primarily for one-family houses and buildings shel- tering five or more households. P H O T O | H B J F I L E

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