2026 Mid-Year Review: Jeff O’Neill, Condyne Capital Partners LLC

What projects, initiatives, or types of work have been keeping your team busiest during the first half of 2026?
The first half of 2026 has been an especially active period for our team, with a strong focus on adaptive reuse and industrial development projects. Most notably, we recently received approvals for two office-to-residential conversion projects in Windsor, Connecticut. These projects reflect the growing demand for housing throughout the Greater Hartford region and the increasing opportunity to reposition underutilized office assets into much-needed residential communities.

In addition to our work in Connecticut, we also secured approvals for a cold storage facility in Georgia. The project supports continued growth in the logistics and food distribution sectors, where demand for modern, temperature-controlled industrial space remains strong.

What trends or shifts have stood out most to you so far this year within your industry?
One of the most notable trends we’ve seen this year is the continued momentum behind office-to-residential conversions, particularly in markets where housing demand remains strong and office vacancies persist.

We’re also seeing increased activity in the industrial sector, with leasing demand picking up as companies continue to prioritize supply chain efficiency and modern logistics facilities.

What challenges or opportunities have had the biggest impact on your business during the first half of 2026?
One of the most significant opportunities impacting our business has been the implementation of the Day Hill Road zoning overlay. The new district has created greater flexibility for redevelopment and new investment, opening the door for projects that were not feasible under previous zoning regulations. As a result, we are seeing increased opportunities to unlock value, attract investment, and support continued economic growth in the area.

As we look ahead to the second half of the year, what are you watching most closely?
As we look ahead to the second half of 2026, we’re watching industrial demand and tenant activity most closely. We are seeing vacancy decrease and new construction starts have slowed resulting in a positive direction to right size the market.

Leasing momentum has improved in several markets, and we’re paying close attention to how occupier demand evolves, particularly for logistics, distribution, and specialized industrial space. Tenant expansion plans and overall market absorption will be key indicators for future development and investment opportunities.