If commercial real estate in Greater Hartford were a sitcom, it would be somewhere between The Office and Survivor – a quirky mix of familiar routines, unexpected plot twists, and the occasional high-stakes drama. For those of us working in the field – brokers, appraisers, developers, property managers – it’s not just a job, it’s a front-row seat
With apartment vacancy rates low, rents high, home-ownership out of reach for many residents and homelessness rising year after year, many communities in the Northeast are experiencing a housing crisis.
Over the last several years, I have personally witnessed, and in one case, participated in, the “unwinding” of a residential condominium structure. The reason for, and process of, has often been recent climatic destruction such a hurricane or fire. But, as in the case of the tragic southeast Florida building collapse, it can simply be old age deterioration, outdated building codes,
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
You must know from all the news, that “Trump tariffs” have been recently reviewed, discussed, evaluated, and as promised, implemented swiftly. But, they have also been modified, reduced or increased, just as fast and somewhat quixotically.
The Connecticut Chapter of the Appraisal Institute and The Land Trust Alliance have joined forces to provide an opportunity for appraisers interested in improving their ability to perform “Yellow Book” appraisals. The course entitled “Uniform Standards for Federal Land Acquisitions: Practical Application,” will be offered May 5
th and May 6
th at the Courtyard by Marriott in Orange, Conn.
It’s clear that there is a paucity of affordable housing, be it from the homeless to the middle class. Articles abound from
New York Times to Wall St., to the best universities and think tanks, and of course from our own real estate newspapers and journals. The “news” generally says it has been caused by the rise in mortgage interest rates…
On December 16, 2024 the Connecticut Chapter held its annual holiday party/installation of officers and directors. The 2025 slate of officers and directors were installed by National 2024 vice president Michael Mignogna, MAI, SRA at Verdi Restaurant, Waterbury, CT.
I was walking quickly to a downtown hospital the other day, in panic mode, so as not to miss a long planned doctor’s appointment. I reached the hospital, and while the main desk person “helped” by saying “go down this hall, take your first right, go to end, just before a left elevator bank, up to 4
th floor,” etc, etc.,
Now that the election has settled, and President Elect Trump is setting up cabinet, departments, congressional favorites and so on, at a rip-roaring pace, we need to be aware and understand impacts to our industry. First, consider his pledges, which he has been fulfilling well before he is inaugurated.
