Thank you to all those who attended the CBRE/New England 2014 Hartford Market Overview on January 17th; we hope you found the event both informative and entertaining. For those who missed it, below are a few highlights from the event. Due to popular demand, we are also releasing a copy of the slide presentation. Click on the image on the left to view.
CBRE/NE’s Jeff Livingston welcomed the audience, which included Mayor Pedro Segarro, and keynote speakers: University of Connecticut President Susan Herbst and Wintonbury Risk Management’s President and Founder Ed Guay. Jeff also took a moment to congratulate local real estate icon, mentor, colleague and friend, Bill Farley, on his official retirement. Susan Herbst gave an overview of UCONN’s goals and objectives for the coming years including an update on the progress of Jackson Lab’s development at the UCONN Health Center in Farmington and the University’s new STEM program. Susan also spoke about the school’s decision to move its West Hartford campus downtown and the positive impact it will have on Hartford’s future. Next, Ed Guay provided an extensive overview of the national economy and what current trends and events will have the most impact on the commercial real estate market in 2014. A short Q&A session followed each of the keynote speakers.
The second half of the event included short presentations by four of CBRE/NE’s Hartford Office brokers, including Patrick Mulready, John McCormick, Michael Puzzo and Christopher Metcalfe. Pat Mulready gave an overview of the Investment Sales market in 2013, highlighting major transactions, while John McCormick talked about the City of Hartford’s efforts to build a “Live, Work, Play” foundation in the CBD and also recapped some of the more significant transactions that took place in 2013. Mike Puzzo gave an overview of the Suburban Office market, with an emphasis on the changing workplace, and Chris Metcalfe presented a synopsis of the Greater Hartford Industrial market with highlights including major transactions and a forecast for continued strong build-to-suit activity.
Jeff Livingston closed the program by inviting attendees to remain after the program for continued discussion and individual Q&A.
Look out for future posts from CBRE/NE’s featured speakers giving further insight on their respective topics.