Issue link: https://nebusinessmedia.uberflip.com/i/854377
www.HartfordBusiness.com July 31, 2017 • Hartford Business Journal 7 FORUM 2017 DC Wednesday, September 13 and Thursday, September 14 "Challenges, Opportunities and Innovation in the Connecticut Health Sector." AT&T FORUM - 5 TH Floor | 601 NEW JERSEY AVENUE, NW | WASHINGTON DC JOIN US AS WE: Help leverage Connecticut's health sector as a driver of economic growth. Set the course for providing valuable health care to Connecticut residents. Drive the strategic direction of the Connecticut Health Council. $500 FOR CHC FOUNDING PARTNERS | $750 FOR THE GENERAL PUBLIC To register, or for more information visit www.cthealthcouncil.com The Connecticut Health Council's DC Forum features two days of programming, including panel discussions, break-out planning sessions and networking with business leaders and legislators at an exclusive reception on Wednesday evening. WHAT'S AHEAD: ■ 8/7 Focus: Legal & Courts ■ The List: Largest IP Law Firms ■ Nonprofit Profile: YMCA of Greater Hartford CALENDAR THURSDAY, AUG. 24 Middlesex Chamber Breakfast feat. Randy Edsall The Middlesex Chamber of Commerce will hold its monthly members' breakfast meeting Aug. 24, featuring UConn football Head Coach Randy Edsall. Edsall will preview the Huskies' upcoming season as he returns to UConn's sidelines for his second tour of head coaching duties. The event will run from 7 a.m. to 9 a.m. at the Radisson Hotel Cromwell, 100 Berlin Road. Cost to attend is $22 for members; $32 for nonmembers. For more information or to register go to: www.middlesexchamber.com. 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 ' C A L E N D A R . ' 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 . REAL ESTATE Rocky Hill Hampton Inn breaks ground A $7.1 million Hampton Inn and Suites is being built in Rocky Hill. Ground was recently broken for the 90-room hotel at 685 Cromwell Ave. The approximately 58,000-square-foot Hampton Inn, officials said, will feature the latest guest technology, including digital-key check-in, and amenities, including an indoor saline pool, outdoor patio with fireplace, and meeting space. It will employ 25 to 30 workers. Lotus Hospitality Inc., Berlin owner/operator of several Connecticut hotels in the Greater Hartford and New Haven areas, is the developer. Lotus' portfolio includes the Comfort Inn and Suites and EconoLodge, both in East Hartford. HBT Architects of Rochester, N.Y., is designer. BBL Construction Services, of Albany, N.Y., is general contractor. CT home sales up sharply Statewide sales of single-family houses and con- dos/townhomes rose in June, Realtors say. There were 4,448 houses sold across Connecticut last month vs. 4,183 sold in June 2016 — a 6.4 per- cent increase, the Connecticut Association of Realtors said. Median price for homes sold in June was $280,000, just 1.8 percent more than the $274,950 median for the same month last year, CAR said. In the statewide condo/townhome market, CAR counted 1,016 units sold in June, up 9 percent from 933 units in June 2016. Their median price rose 8.8 percent to $185,000 from $170,000 a year earlier. Randy Edsall GOVERNMENT, POLITICS & LAW State pension returns set record Connecticut's pension funds topped an all-time high in fiscal 2017, recording a net investment return of 14.2 percent, accord- ing to State Treasurer Denise L. Nappier. The Connecticut Retirement Plans and Trust Funds had assets of $32.4 billion at the end of June 30, according to preliminary, unaudited investment results. After paying fees and expenses, the overall portfolio grew by over $3 billion in value during the year, she said. The two largest pension funds, the Teachers' Retirement Fund (TERF) and the State Employees' Retirement Fund (SERF), re- turned 14.4 percent and 14.34 percent respectively, exceeding their benchmarks by 116 and 117 basis points, Nappier said. Rendering of Hampton Inn and Suites in Rocky Hill. P H O T O | C O N T R I B U T E D