Hartford Business Journal

www.HartfordBusiness.com August 1, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 8/8 Focus: Startups ■ The List: Wealth/Money Managers ■ Nonprofit Profile: Connecticut Science Center CALENDAR TUESDAY, AUG. 30 Business Networking Event APICS Hartford County Chapter, in partnership with the Connecticut Business & Industry Association (CBIA), the American Society for Quality, and the Institute of Management Accountants, is hosting an informal business networking event on Tuesday, Aug. 30 at the Thomas Hooker Brewery in Bloomfield. The event, which runs from 5 p.m. to 8 p.m. will feature a brief presentation and discussion with Nicole Cline, CBIA's public outreach specialist, who will lead an interactive dialogue on the "Adopt a Legislator Program." The event will provide an opportunity to meet up with members of multiple Connecticut business organizations that regularly offer events important to personal and company growth and success. It's also a chance to learn how to connect with legislators and why it's important to get involved in the legislative process — even if you're not a political person. Cost to attend is $25 for members, $30-$35 for nonmembers. For more information or to register go to: http://apics-hartford.org/. REAL ESTATE CT's June housing permits slow Connecticut construction of new single- and multi-family dwellings slowed in June from a year earlier, fresh housing-permit data shows. Last month, 104 cities and towns responding to a monthly U.S. Census Bureau survey said they issued a combined 468 housing permits vs. 508 granted in June 2015, the state Department of Economic and Community Development said. Through the first six months of this year, those communities is- sued 2,205 vs. 2,247 permits in the first half of 2015, DECD said. Single-family houses and apartments/condominiums with five or more living units continue to dominate the state's new residen- tial construction landscape, data shows. Survey: CT's June home sales up, prices flat Connecticut's statewide sales of single-family houses in- creased in June but prices were relatively flat, a fresh survey says. There were 3,506 houses sold across the state last month vs. 3,368 units sold the same month a year ago, Boston's The Warren Group, publisher of The Commercial Record, said. Warren Group's survey echoes an earlier tally from the Con- necticut Association of Realtors showing a 7.4 percent rise in statewide house sales last month vs. a year earlier. Median sale price was unchanged. Through the first six months of this year, house sales statewide grew 17.8 percent to 14,419 transactions vs. 12,240 in the first half of 2015, The Warren Group said. The median price of a single-family home rose 1.5 percent in June to $269,000 vs. $264,900 a year ago. Year-to-date, prices have fallen 1.2 percent to $242,000 compared with $245,000 during the same time a year ago. Nicole Cline I'M NOT A CONTRACTOR. I'M A CATALYST changing Connecticut for the greener. Contractors all over the state are building their business while they accelerate Connecticut's green energy movement. They're partnering with Connecticut Green Bank, the public/private organization created to make Connecticut more energy effi cient. Contractors are able to off er C-PACE fi nancing to building owners and other fl exible fi nancing solutions to homeowners. Are you ready to experience the power of positive energy? Let's get started at ctgreenbank.com/power. A home under construction in a Southington housing development. INSURANCE The Hartford to sell U.K. P&C run-off subsidiaries Property and casualty insurer The Hartford said it will sell its run-off subsidiaries by the end of the year to Catalina Holdings UK Limited. Run-off subsidiaries, or closeout insurance, are used to protect a firm from outstanding liabilities after a merger, acquisition or company closing. The subsidiaries, worth just over $1 billion in assets, are Down- lands Liability Management Limited and Hartford Financial Prod- ucts International Limited. The deal, which is expected to close in the fourth quarter, is not expected to result in a material gain or loss for The Hartford. P H O T O | C O N T R I B U T E D

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