It’s a pretty old saying but it’s true. Status quo is not a good thing and unfortunately our industrial markets are just that…stuck in cruise control! Why? The market needs to grow and they’re not growing! Yes, companies are moving and expanding here and there. Even better, there are numerous examples of companies expanding their existing facilities here […]
Thought
OK, something a little off-beat today. Catching up on my Wall Street Journals and I saw this article on the Miami condo market. Specifically a loan made in the market for new construction (yes, new construction!). Not only new construction but new high rise condo spec construction! And the units being built? Prices start at $7.75 million! […]
The Connecticut Chapter of the Society of Industrial and Office Realtors (SIOR) recently released its Q3 & Q4 2012 market survey. Overall the survey shows a slight positive outlook for 2013 although most members believe the positive year will not result in significant changes in lease rates, pricing or new construction. OF NOTE…an impressive list […]
Yesterday hundreds of Peter Gutterman’s family, friends, colleagues and business associates participated in the services and Shiva for Peter. Yesterday was a difficult day for all but it was also a wonderful confirmation of what we already knew. Peter was loved by many, many people. The speeches at the services and the many conversations that occurred at and after the […]
In late May last year my partner and friend Peter Gutterman learned he had pancreatic cancer. The news was devastating, to Peter and to everyone who knew Peter. Unfortunately many of us learned this morning that Peter passed away after his seven month battle with the horrible disease. Peter leaves behind his wife Roz, daughter […]
CoStar recently released its Q2 2012 industrial market results for Greater Hartford CT. Good news! Positive absorption (that means more space came OFF the market than went ON the market)! 1 million square feet of positive absorption! While I think one can challenge the actual number, no one can challenge the claim of positive absorption. More good […]