Berkshire Hathaway HomeServices’ gain is the commercial real estate communities’ loss. News is that Gene, longtime General Counsel for the Connecticut Association of Realtors, has recently accepted a job at BHH. Congratulations Gene! Selfishly, sorry to see you go! You were an invaluable resource for all us commercial practitioners and you will be very tough to […]
Sentry Commercial
Lower industrial output numbers – It’s because of the snow. Lower new jobs numbers – It’s because of the snow. Lower retail sales – It’s because of the snow. Lower housing sales – It’s because of the snow. Slower corporate decision making – It’s because of the snow. There are a lot of reasons why CT’s economy isn’t […]
Good and bad news here. Yes, industrial absorption will likely be less this year, which is due to the absorption of a lot of pretty good space in late 2013! So the theory is this…Yes, there are more serious tenants and buyers out looking for space in the industrial sector, the reality is that they are going […]
Commercial real estate information provider, CoStar Group, Inc., has recently released its latest Greater Hartford Industrial statistics. The numbers show a 9.9% vacancy rate in the Hartford industrial sector. While a few of the reported transactions (Waterbury and Chicopee) fall well outside of what the region calls “Greater Hartford” the fact remains that the 9.9% rate […]
One of the best kept secrets in the commercial real estate industry is the Property Assessed Clean Energy program (PACE or C-PACE). What is it? This is a program that is available in 9 states (including Connecticut) with an additional 12 states in the development phase (including the rest of New England (http://pacenow.org/pace-programs/)). The PACE program offers landlord and commercial […]
Just the mention of the word “Washington” sends shivers down all of our spines. How can one city polarize so many people and cause so much angst in our lives? Well, apparently the good news is that US manufacturers aren’t paying all that much attention to Washington and they are going about their business. We […]