News: Connecticut

President's Message: Meet challenges head on

As we begin 2011, I am encourage that the financial crisis of the past two years is finally behind us, and it appears that the economy is beginning to grow again. This is good news for our members. A stronger economy means job growth, more lending by our local banks, and therefore more work. It has been a difficult two years for all real estate professionals; however, I am optimistic that the Connecticut economy will improve at a faster pace than most other states. Through upturns and downturns in the economy, the Connecticut Chapter of the Appraisal Institute has always been there for its members, offering the finest and most diverse courses, seminars, and dinner meetings. This year will be no different, as a variety of courses are planned not only for the seasoned practitioner, but also young real estate professionals interested in a career in real estate appraisal. At the present time we have aproximately 325 members state wide, of which 140 or so are associate members. Our goal is to provide the education, leadership, and mentoring programs to help get these associate members designated. As our membership ages, it is imperative that we as a chapter help shepherd our young associates along, with the ultimate goal of a SRA or MAI designation. Every year brings certain challenges on the legislative front, and this year will not be any different. We intend to keep a watchful eye for issues which will negatively affect our profession and meet these challenges head on. The Chapter continues to hold quarterly dinner meetings in different areas of the state, offering intereting programs, networking opportunities with others in the profession, and a chance to earn valuable continuing education credits. Please try and attend meetings, as you will find them extremely worthwhile. Do not hesitate to bring a guest or someone in an affiliated profession such as an architect, banker, surveyor or environmental professional, as the more people who know about our organization the better. The Connecticut Chapter is one of 91 chapters of the Appraisal Institue, whose mission is to advance professionalism, ethics and global standards. In conclusion, it is an honor to have been chosen to lead this organization, which has a fine and distinguished history. My board of directors and I look forward to serving you this coming year and seeing you at our meetings or seminars. Please visit our web site www.AI-CT.org for current information regarding meetings, education, scholarships, and of course membership.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary