Wednesday, January 13, 2016
What a December!
Our December results gave us real hope for the coming year in commercial real estate in Connecticut. The first six months of the year, probably in no small part due to the epic winter that we had, were slow, and well behind other years. As the summer went on, we began to catch up. In November and December, the closings just kept coming! It wasn't quite like the end of 1986, where the new tax act coming in 1987 caused all kinds of transactions to close in the waning days of the year before, but there was a sense of renewed activity, and a feeling that investing in real estate in Connecticut was once again a good idea. We saw some of the same results in residential, especially in the multifamily market, and we certainly hope to see more and more sales and leases in 2016!