Danbury investment advisory 2nd in CT to join national firm
Alexander Soule
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Bob Reby addresses an audience in October 2014 at Western Connecticut State University in Danbury, Conn.H John Voorhees III / H John Voorhees III
A Minnesota firm is acquiring Reby Advisors, an investment adviser based in Danbury that manages more than $725 million in client assets.
The companies did not cite a purchase price. With the acquisition of Reby Advisors, Wealth Enhancement Group gains a second Connecticut office, after its 2016 acquisition of HHG & Co. which added $1.3 billion in client assets under management. Wealth Enhancement Group will oversee more than $27 billion in client assets when it completes the deal.
Official: Expect $3B+ in CT business aid under newest federal program
Alexander Soule
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Gov. Ned Lamont in late November 2020 in Danbury, Conn. (Brad Horrigan/Hartford Courant/TNS)Brad Horrigan / TNSShow MoreShow Less
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State Sen. Joan Hartley, D-Waterbury, left, and State Rep. Caroline Simmons, D-Stamford, in August 2019 in Stamford, Conn.Tyler Sizemore / Hearst Connecticut MediaShow MoreShow Less
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As Connecticut restaurants and other businesses cash in checks for up to $20,000 from the state, Gov. Ned Lamont’s economic development chief said Tuesday he expects the newest federal infusion to result in as much as $3.5 billion in assistance for companies able to obtain it.
Fairfield office building sold for $10M to Norwalk property owner
Alexander Soule
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A file photo of 2150 Post Road in Fairfield, Conn.Contributed Photo / ST
After acquiring two Norwalk office buildings last year, Valley East Management has purchased a Post Road property in Fairfield for $10 million.
CBRE announced the sale price on Wednesday for 2150 Post Road, with the previous owner an entity managed by Davis Marcus Partners which acquired it for $11.3 million in 2005. The office was built in 1988.
Valley East Management stated it believes suburban offices are getting renewed interest during the COVID-19 pandemic as city office employers scout satellite space to help workers avoid the commute. Valley East also owns a pair of Norwalk office buildings at 200 Connecticut Ave. and 40 Richards Ave.